| Moody's cuts Genworth Europe on mortgage troubles (AP) Moody's Investors Services on Wednesday downgraded the insurance financial strength rating of Genworth Financial Mortgage Insurance Limited, a U.K.-based subsidiary of Genworth Financial Inc. commonly called Genworth Europe, citing the impact of mortgage market conditions in its core markets. us.rd.yahoo.com |
Update on Proposal to AXA APH Committee of Independent Directors (PR Newswire) AXA takes note of the offer made by National Australia Bank Limited to the AXA APH committee of independent directors and of the committee's rejection of the revised proposal put forward by AMP and AXA on December 12th. Â us.rd.yahoo.com |
American National Insurance creates NY unit (AP) American National Insurance Co. on Friday announced the formation of a subsidiary based in New York. American National Life Insurance Company of New York will help introduce the company's products to the New York market, the company said. us.rd.yahoo.com |
LQ Acquisition Issues Progress Report on Life Quotes Tender Offer (PR Newswire) LQ Acquisition, Inc. announced today that as of 5:30 PM New York City time on July 19, 2010, approximately 1,606,000 shares of Life Quotes, Inc. have been tendered into the tender offer launched by LQ Acquisition and not withdrawn. This number, together with the shares held by Zions Bancorporation that it has agreed to tender and the shares held by LQ Acquisition, represents more than 89% of the outstanding shares of Life Quotes. LQ Acquisition previously announced a cash tender offer for all of the shares of Life Quotes it does not otherwise own for $4.00 per share, representing an approximately 44% premium compared to the last closing price before the public announcement of the offer. The LQ offer expires at 12:00 midnight New York City time on Thursday, August 12, 2010. Questions can be answered or shareholders needing assistance to tender their shares can do so by calling their broker or LQ Acquisition at 1.800.556.9393, extension 295. us.rd.yahoo.com |
Genworth Repays Outstanding Debt [Zacks] - Genworth Financial repaid the outstanding borrowings of $480 million under its five-year revolving credit facilities. us.rd.yahoo.com |