Richmond-based Genworth Financial rolled out two new ads during the college football bowl season that including airings in the prestigious Rose Bowl on New Year’s Day.
Genworth Gives the Old College Try
Genworth
Genworth’s $290 million deal
Genworth Financial cut a deal to sell its Medicare supplement business to healthcare giant Aetna for $290 million.
The Herd: New hires and promotions for 2.9.11
Moves in financial services, insurance and healthcare. Plus a big law firm for the first time hires a COO.
Do the Fortune 500 shuffle
Five of the six local companies that made this year’s list moved up in the rankings from last year.
Henrico’s plan
Qimonda, LandAmerica, Circuit City, Genworth. Four of the major corporations and private employers in Henrico County have shed at least 5,000 high-paying jobs. And it’s likely to get worse before it gets better, says Leonard Cake, the county’s director of economic development. Still, the county has more than 20,000 businesses, and as of November the… Read more »
Genworth to lay off 1,000 employees
Genworth will be laying off 1,000 employees, or about 1/7th of the company’s global workforce. A company spokesman said he does not yet know how any of the 1,750 Richmond workers will be let go. But if the cuts were even across all the offices, it would amount to around 250 workers. “This move is… Read more »
Genworth Is Considering Spinoff of Mortgage Insurer
Genworth Financial Inc. is considering a spinoff of its U.S. mortgage insurance business amid the housing slump. The stock jumped 22 percent in early trading. You can read the story here.