Genworth Financial Inc named Thomas McInerney chief executive as the insurer looks to move past the billions of dollars in losses from its mortgage insurance business. McInerney, who was a member of the global management board of ING Insurance from October 2009 through December 2010, is now in charge of a company trying to convince markets and bond rating agencies of the benefits of its mortgage insurance business.Shares of the company were up 5 percent at $7.10 on the New York Stock Exchange on Tuesday morning."This is a positive, but they still have problems. McInerney has experience, but it's still wait and see," said a Genworth shareholder, who declined to be named.Bond rating firm Moody's had said a downgrade is likely unless the company can insulate itself from continuing losses from the mortgage insurance unit.
Genworth Financial, Inc. (Genworth) is a financial security company. Shares of GNW traded higher by 5.36% or $0.36/share to $7.08. In the past year, the shares have traded as low as $4.06 and as high as $9.68. On average, 9834310 shares of GNW exchange hands on a given day and today's volume is recorded at 5778691.
Tuesday Morning Corporation is a closeout retailer of upscale decorative home accessories, housewares, and famous-maker gifts in the United States. Shares of TUES traded higher by 1.02% or $0.06/share to $5.97. In the past year, the shares have traded as low as $3.06 and as high as $6.86. On average, 224789 shares of TUES exchange hands on a given day and today's volume is recorded at 10269.
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