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Former GE Company Marching Higher
Friday, October 8, 2010 - 11:18am | 92Shares of Genworth Financial, Inc. (NYSE: GNW) are among the best performing gainers today, gaining nearly 5% today. In 2004, Genworth Financial was formed from various insurance businesses of General Electric Company (NYSE: GE) in the largest IPO that year, topping Google (NASDAQ: GOOG). At last...
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Benzinga's Top Upgrades (IBI, TUP, HIG, LUKOY)
Friday, October 8, 2010 - 5:46am | 140Interline Brands Inc (NYSE: IBI) was upgraded by RW Baird from “neutral” to "outperform." IBI's shares closed at $18.61 yesterday. Interline's quarterly earnings jumped 37.25% y/y. Goldman upgraded Tupperware Brands Corporation (NYSE: TUP) from "neutral" to "buy." TUP's shares closed at $45.93...
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Genworth Financial Declares Dividend on Series A Cumulative Preferred Stock
Thursday, October 7, 2010 - 2:25pm | 64The Board of Directors of Genworth Financial, Inc. (NYSE: GNW) today declared a quarterly dividend of $0.65625 per outstanding share of its Series A Cumulative Preferred Stock. The dividend is payable December 1, 2010 to stockholders of record as of the close of business on November 15, 2010....
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10-7-10 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
Thursday, October 7, 2010 - 10:43am | 4403Stephen Bernard, AP Business Writer Stocks mixed after positive job news; Dow near 11K Stocks are flat after surprise drop in unemployment claims, upbeat retail sales; Dow near 11K NEW YORK (AP) — Stocks seesawed Thursday as traders balanced slightly better news on jobs against mixed results from...
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ILFC Pays Down $2 Billion in Bank Debt (AIG)
Thursday, October 7, 2010 - 9:33am | 83International Lease Finance Corporation (ILFC), a wholly-owned subsidiary of American International Group, Inc. (NYSE: AIG), today announced the repayment of a $2 billion bank loan. This bank loan was issued as a revolving line of credit in October 2005 which was unutilized until September 2008...
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Horace Mann Board of Directors Announces Retirement of CEO Louis Lower
Wednesday, October 6, 2010 - 3:08pm | 168The Board of Directors of Horace Mann Educators Corporation (NYSE: HMN) today announced the retirement of President and Chief Executive Officer Louis Lower and accepted his resignation from his positions with the company, including his seat on the Board, effective immediately. Lower had been placed...
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AIG Chief Risk Officer to Retire
Tuesday, October 5, 2010 - 3:22pm | 22AIG (NYSE: AIG) announced that the company's chief risk officer, Bob Lewis, will retire.
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AIG's Asian Unit Lands $1.9B In IPO Investments
Tuesday, October 5, 2010 - 1:35am | 132American International Group's (NYSE: AIG) Asian life insurance business, AIA Group, has reportedly secured $1.9 billion from global investment funds and investors in Hong Kong and Malaysia. Two companies controlled by Malaysian tycoon Quek Leng Chan and Hong Leong Group are committing $420 million...
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Benzinga's Political Round Up
Monday, October 4, 2010 - 11:00am | 157To comply with Basel III, UBS (NYSE: UBS) and Credit Suisse (NYSE: CS) may need to raise capital, said a Swiss government official. AIG (NYSE: AIG) lowered the valuation on its IPO for AIA in order to get a $1 billion investment from Kuwait Investment Authority. Japan may restrict purchases of real...
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AIG Forced To Trim Size Of Asian IPO
Monday, October 4, 2010 - 1:58am | 122American International Group (NYSE: AIG) was forced to lower the size of the IPO for its Asian unit, AIA, to $30 billion to $32 billion from $35 billion to $37 billion in an effort to secure more investors, according to the Financial Times. The FT reported that Kuwait's sovereign wealth fund,...
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AIG May Sell India Mutual Funds Business
Monday, October 4, 2010 - 1:51am | 116American International Group (NYSE: AIG), the U.S. insurance giant that is trying to raise cash to repay tens of billions of dollars in loans to the U.S. government, is reportedly in talks to sell its India mutual funds business for $10 million. The Mint newspaper broke the story, citing three...
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Market Potentially at a Turning Point 10-01-2010
Friday, October 1, 2010 - 5:40pm | 798Cusick's Corner This market is potentially at a turning point. I think that resistance looks ready to mount up some momentum in front of this busy week. At this stage the market has not been able to advance with the conviction that it had been showing off since the August lows. If you are still...
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Traders Generally Negative on Genworth (GNW)
Friday, October 1, 2010 - 12:15pm | 176Shares of Genworth Financial, Inc. (NYSE: GNW) are higher on the session by 0.65%, currently trading at $12.30. The stock has been moving largely lower over the past six months and is trading below both the 50-day and 200-day moving averages. Options traders are buying puts on the name as well. A...
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What's Hot On TheStreet
Friday, October 1, 2010 - 11:37am | 302Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet BP, Street Titans 'Win' Ig Nobel Awards Executives of Goldman Sachs (NYSE: GS), BP (NYSE: BP), the former financial powerhouse Lehman Brothers, Merril Lynch (NYSE: BAC), Magnetar Capital, and AIG (NYSE: AIG) were...
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Friday's Put/Call Ration Leaders (CHTP, DRIV, CL, GNW, CASY)
Friday, October 1, 2010 - 11:30am | 133Here is a quick peek at stocks that have abnormally high daily put/call ratios today relative to their average…. 1. Chelsea Therapeutics (NASDAQ: CHTP) 5,205 puts, 151 calls 2. Digital River (NASDAQ: DRIV) 21,669 puts, 1,094 calls 3. Colgate Palmolive Co. (NYSE: CL) 2,859 puts, 175 calls 4....