Richmond Newswire (Page 2)

Richmond Newswire (Page 2)

Comprehensive Real-Time News Feed for Richmond, VA. (Page 2)

Results 21 - 40 of 63 for "u:bloomberg.com" in Richmond, VA

  1. Genworth Surges as Earnings Beat Estimates, CEO Reshapes InsurerRead the original story

    Apr 29, 2016 | The Washington Post

    Genworth Financial Inc. climbed 14 percent in early trading after first-quarter profit beat analysts' estimates as Chief Executive Officer Tom McInerney works to free up capital to meet debt payments. The insurer rose 41 cents to $3.37 at 9:21 a.m. in New York.

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  2. Genworth Profit Tumbles 66% as CEO McInerney Shrinks InsurerRead the original story

    Apr 29, 2016 | The Washington Post

    Genworth Financial Inc., the insurer burned by losses on long-term care, said first-quarter profit dropped 66 percent as Chief Executive Officer Tom McInerney shrinks the company. Net income fell to $53 million, or 11 cents per share, from $154 million, or 31 cents, the Richmond, Virginia-based insurer said Thursday in a statement.

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  3. Genworth Profit Tumbles 66% as Chief McInerney Shrinks InsurerRead the original story

    Apr 28, 2016 | The Washington Post

    Genworth Financial Inc., the insurer burned by losses on long-term care, said first-quarter profit dropped 66 percent as Chief Executive Officer Tom McInerney shrinks the company. Net income fell to $53 million, or 11 cents per share, from $154 million, or 31 cents, the Richmond, Virginia-based insurer said Thursday in a statement.

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  4. Freeport Cuts Energy Jobs After Posting Sixth Straight LossRead the original story

    Apr 26, 2016 | The Washington Post

    Freeport-McMoRan Inc., the biggest publicly traded copper miner, is scaling back its energy business and continues to try to sell some oil and gas assets as crude prices rebound from 13-year lows. Reporting a sixth straight quarterly loss Tuesday, Freeport said adverse energy and financing conditions in the first quarter prevented it from finding a buyer for the entire oil and gas unit but "a number of parties" are interested in select assets and the company will continue discussions.

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  5. PacLife in Talks to Buy Genworth's Term-Life Insurance PlatformRead the original story

    Apr 25, 2016 | The Washington Post

    Pacific Life Insurance Co. is considering an acquisition of Genworth Financial Inc.'s term-life business platform as the firm seeks to gain technology that would help bolster its market position.

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  6. PacLife in Talks to Buy Genworth's Term-Life Insurance PlatformRead the original story

    Apr 25, 2016 | The Washington Post

    Pacific Life Insurance Co. is considering an acquisition of Genworth Financial Inc.'s term-life business platform as the firm seeks to gain technology that would help bolster its market position.

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  7. Freeport Losses Overshadowed by Deal Updates With Debt PendingRead the original story

    Apr 25, 2016 | The Washington Post

    Freeport-McMoRan Inc.'s quarterly financial results probably will take a back seat to whatever the world's biggest publicly traded copper miner has to say about its efforts to sell assets. The Phoenix-based company is expected to post its sixth consecutive loss and a 15 percent drop in revenue when it reports first-quarter results on Tuesday.

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  8. How Making Eviction Easier Became a Hot New IndustryRead the original story

    Feb 23, 2016 | Bloomberg

    In November, Bay Management Group tried to evict Dinickyo Brown over $336 in unpaid rent. Brown, who pays $650 a month for a two-bedroom apartment in Northeast Baltimore, fought back, arguing the charges arose after she complained of mold.

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  9. Buyout Firms Said to Seek $500 Million Sale of Outsourcer Minacs 3 hours agoRead the original story

    Feb 22, 2016 | Bloomberg

    Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Minacs Ltd., the outsourcing company with headquarters in North America and India, has been put up for sale by its private-equity owners, people with knowledge of the matter said.

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  10. Lumber Liquidators CEO Says He Has Leukemia, Will Remain in JobRead the original story

    Feb 16, 2016 | Bloomberg

    Lumber Liquidators Holdings Inc. Chief Executive Officer John Presley said he has leukemia and will begin a 30-day hospital treatment program, though he'll remain involved in the company's day-to-day operations. "The good news is that it is a very treatable form of the disease with standard protocols for treatment, and we have caught it very early," Presley said in a statement Tuesday.

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  11. Tyson CEO Gets Wall Street Fan Mail as Turnaround Yields ResultsRead the original story

    Feb 8, 2016 | The Washington Post

    Tyson Foods Inc.'s Donnie Smith is getting the kind of notices from Wall Street that most CEOs dream about as a strategic overhaul at the largest U.S. meat producer begins to pay off. Tyson shares gained 5.4 percent Monday, the second-biggest advance in the Standard & Poor's 500 Index.

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  12. Genworth Halts Life, Annuity Sales After Loss; Shares FallRead the original story

    Feb 4, 2016 | The Washington Post

    Genworth Financial Inc. suspended sales of traditional life insurance and fixed annuity products so the company can focus on stabilizing the unit that provides long- term care coverage. The insurer posted a fourth-quarter loss of $292 million, or 59 cents a share, Richmond, Virginia-based Genworth said Thursday in a statement.

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  13. Miners Go Gangbusters as Metals Rally, Dollar Drop Spark ReboundRead the original story

    Feb 3, 2016 | The Washington Post

    Mining companies that have been pummeled by faltering Chinese demand surged the most in five months as metals prices rallied in a sign that production cuts are starting to pay off. First Quantum Minerals Ltd., Newmont Mining Corp. and Freeport-McMoRan Inc. led gains in the Bloomberg Americas Mining Index, which added 7 percent in the biggest increase since Aug. 27. Zinc rose for a fourth straight session as copper, aluminum, nickel, lead and tin advanced in London, helped by the outlook for tighter supplies and a plunge in the dollar, which bolsters the appeal of metals as alternative investments.

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  14. Hedge Funds Had Worst Year Since 2008 Betting on CommoditiesRead the original story

    Jan 25, 2016 | The Washington Post

    Hedge funds betting on raw materials had the worst performance since the global financial crisis of 2008 as everything went wrong for commodities. The funds lost 5.2 percent in 2015 and recorded losses in 10 out of 12 months, based on an index compiled by Societe Generale SA that tracks the performance of commodity trading strategies including equities and physical products.

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  15. John Stewart Bryan, Last Family CEO at Media General, Dies at 77Read the original story

    Jan 24, 2016 | Bloomberg

    Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. John Stewart Bryan III, the last of an American newspaper-publishing family to serve as head of Media General Inc., and who oversaw its move into broadcasting, has died.

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  16. Freeport Stock Collapse Forcing Miner Into Asset-Sale CornerRead the original story

    Jan 14, 2016 | The Washington Post

    Freeport-McMoRan Inc. has avoided the major asset sales undertaken by some of its rivals. With its shares tanking to near record-low levels, that may be on the horizon.

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  17. Freeport Drops to Cheapest Since 2000, Approaches Record LowRead the original story

    Jan 12, 2016 | The Washington Post

    The meltdown in commodity markets is taking its toll on Freeport-McMoRan Inc., the world's biggest publicly traded copper producer, which is trading near a record low. Shares of the Phoenix-based company dropped as much as 15 percent on Tuesday to $3.65, the cheapest since 2000.

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  18. Alcoa Earnings Top Estimates on Demand for Aircraft PartsRead the original story

    Jan 11, 2016 | The Washington Post

    Alcoa Inc., the U.S. aluminum producer splitting itself in two amid a commodities rout, reported better-than-expected fourth-quarter earnings as demand grows for components made from the metal. Profit excluding one-time items related to smelter closures and taxes was 4 cents a share, New York-based Alcoa said Monday in a statement, beating the 2-cent average of 13 analysts' estimates compiled by Bloomberg.

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  19. Uber to Drop Prices in 80 Cities in the U.S. and CanadaRead the original story w/Photo

    Jan 8, 2016 | The Washington Post

    Drivers will receive earning guarantees in affected cities. Los Angeles, San Francisco, and Houston will be among those seeing cuts.

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  20. Uber Drops Prices in 80 Cities in the U.S. and CanadaRead the original story w/Photo

    Jan 8, 2016 | Bloomberg

    Uber Technologies will drop prices in 80 North American cities on Saturday. The ride-hailing company hopes the move will increase demand in a seasonally slow month.

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