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Genworth MI Canada Inc. goes public - IPO valued at $850M

Genworth MI Canada Inc. goes public - IPO valued at $850M

Genworth Financial, Inc. (NYSE: GNW) has found a way to ease their financial position. Genworth, one of the largest mortgage firms in the U.S., recently announced that their Canadian branch, Genworth MI Canada Inc., will go public. On Thursday the company priced its initial public offer (IPO), and expects to generate up to $850 million.
Jul 3, 2009
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Elan Corporation, PLC ( NYSE : ELN ) Partner with Johnson & Johnson

Elan Corporation, PLC ( NYSE : ELN ) Partner with Johnson & Johnson

Shares of Elan Corporation, PLC ( NYSE : ELN ) surged yesterday after the announcement that Johnson & Johnson is to acquire most of the rights and assets related to Elan's Alzheimer's Immunotherapy Program - In addition to this Johnson & Johnson will acquire a 18.4 % stake in the Irish drugmaker for the price of $1 billion.
Jul 3, 2009
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Suntech Power Holdings Co., Ltd. (NYSE: STP) Acquires a Multi-million Dollar Loan

Suntech Power Holdings Co., Ltd. (NYSE: STP) Acquires a Multi-million Dollar Loan

International Finance Corporation (IFC), an investment unit of the World Bank Group that supports sustainable development, has agreed to grant Suntech Power Holdings Co., Ltd. (NYSE: STP) a convertible loan worth $50 million, amid recent claims that lenders increased new credit commitments by 64 percent during the last quarter.
Jul 3, 2009
5 Vote 0

Ford Motor Company (NYSE: F) June Sales Lead Moderate Industry Recovery

Ford Motor Company (NYSE: F) June Sales Lead Moderate Industry Recovery

Partially capitalizing on the misfortunes of its Detroit siblings, and once again on the popularity of its latest models – the Fusion, and the Flex, as well as the hybrid model range, Ford Motor Company (NYSE: F) registered the smallest month-on-month U.S sales decline in June, as the automotive industry at large evidenced that seeds of recovery have begun to take root.
Jul 2, 2009
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Ford Motor Company ( NYSE : F ) Plans To Take Advantage

As the only member out of Detroit's 'big three' automakers to avoid bankruptcy filing, Ford Motor Company ( NYSE : F...
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