Wednesday, November 12, 2008

 

Troubled Times for Genworth

Genworth Financial Inc. lost more than half of its market value yesterday after getting cut out of a federal program that buys short-term debt from financial firms.

The Henrico County-based insurer became ineligible to sell commercial paper after a ratings agency downgraded its holding company.

Troubled Times for Genworth
Source: Richmond Times Dispatch

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