Richmond Newswire (Page 3)

Richmond Newswire (Page 3)

Comprehensive Real-Time News Feed for Richmond, VA. (Page 3)

Results 41 - 60 of 62 for "u:bloomberg.com" in Richmond, VA

  1. Guns, Jail and Coffins Are Big Stocks for This Virginia InvestorRead the original story w/Photo

    Dec 22, 2015 | Bloomberg

    The June sun had just come up last year when the final shot rang out. A Virginia business owner named Kent Hope murdered his wife, Carolyn, with a Ruger P90 pistol.

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  2. Genworth Promotes Mortgage Head Schneider to Operating ChiefRead the original story

    Dec 16, 2015 | The Washington Post

    Genworth Financial Inc., the insurer battered by losses on long-term care policies, promoted Kevin Schneider to chief operating officer as the company seeks to reverse a stock slide that led to its removal from the Standard & Poor's 500 Index. Schneider, 53, the executive vice president of global mortgage insurance, will report to Chief Executive Officer Tom McInerney in the new role while maintaining oversight of the business that backs home loans, Richmond, Virginia-based Genworth said Wednesday in a statement.

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  3. Cruz to Hold 11 Rallies in 7 States Following Tues. DebateRead the original story

    Dec 11, 2015 | Bloomberg

    In a "Take-Off With Ted" tour, presidential candidate Sen. Ted Cruz is to visit 7 states -- mostly in the South -- with March 1 primaries or caucuses Cruz to hold events in St. Paul, Minn.; Richmond, Va.; Atlanta, Ga.; Savannah, Ga.; Mobile, Ala.; Birmingham, Ala.; Knoxville, Tenn.; Nashville, Tenn.; Little Rock, Ark.; Tulsa, Okla.; and Oklahoma City, Okla.

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  4. Media General Agrees to Nexstar Negotiations, Rejects BidRead the original story

    Nov 16, 2015 | Bloomberg

    Media General Inc.'s board agreed to enter into negotiations with Nexstar Broadcasting Inc. about an acquisition, though unanimously rejected the company's previous bid, saying it undervalues the company. Nexstar made an unsolicited $1.85 billion takeover offer in September, trying to scuttle Media General's $2.4 billion agreement to buy Meredith Corp. earlier that month.

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  5. FIFA's Sepp Blatter in Hospital for Checkup, His Lawyer SaysRead the original story

    Nov 6, 2015 | 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. "He is fine and expects to be home shortly," Richard Cullen of McGuireWoods LLP in Richmond, Virginia, said in an e-mailed statement.

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  6. Taxpayers May Be Funding Billionaires' Biggest Apartment DealsRead the original story w/Photo

    Nov 5, 2015 | Bloomberg

    Barry Sternlicht's Starwood Capital Group and Stephen Schwarzman's Blackstone Group LP are in talks with Freddie Mac to finance two transactions totaling more than $10 billion, according to people with knowledge of the negotiations. Those discussions come after the government-owned mortgage giant already agreed to back Lone Star Funds' $7.6 billion The mortgage guarantor -- which along with its larger counterpart Fannie Mae was rescued in a $187.5 billion taxpayer bailout in 2008 -- is boosting its multifamily lending as their regulator eases restrictions on that part of their business.

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  7. There's a Coal Miner Who Wants to Buy Your Gently Used BulldozerRead the original story

    Nov 4, 2015 | The Washington Post

    Some of America's coal producers are doing what anyone else might do when faced with tough times and the need to shop: They're hitting the thrift stores. Coal producer Alliance Resources Partners LP said last week that buying secondhand mining equipment has helped it cut maintenance costs.

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  8. Genworth Falls Most in S&P 500 as CEO Says More Work to DoRead the original story

    Oct 30, 2015 | The Washington Post

    The insurer slumped 10 percent to $4.68 at 4:15 p.m. in New York trading, extending the year's decline to 45 percent. Genworth reported Thursday a $284 million third-quarter loss as results missed analysts' estimates, and has faced pressure to sell more assets to free up capital.

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  9. Genworth Posts $284 Million Loss, Misses Analysts' EstimatesRead the original story

    Oct 29, 2015 | The Washington Post

    The net loss of $284 million, or 57 cents a share, narrowed from $844 million, or $1.70, a year earlier, the Richmond, Virginia-based company said Thursday in a statement. Operating profit, which excludes costs tied to the sale of a life insurance block, was 13 cents a share, compared with 22 cents in a Bloomberg survey of nine analysts.

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  10. Key rulingRead the original story w/Photo

    Oct 23, 2015 | Bloomberg

    The scariest thing about the calls that Lee Pele started to get from debt collectors was not that they wanted $137,000. It was that he was sure he didn't owe the money.

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  11. Apollo-Backed Athene Names Klein CFO, Easing Path to IPORead the original story

    Oct 19, 2015 | The Washington Post

    Klein, 56, joins Nov. 9, Athene said Monday in a statement. The post was previously held by Brenda Cushing, who said in May that she was stepping down from the Bermuda-based company.

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  12. Genworth Falls as CFO Exit Leaves Groh to Repair AccountingRead the original story

    Oct 16, 2015 | The Washington Post

    Genworth dropped 7.8 percent to $5.06 at 4:15 p.m. in New York trading, widening its decline to 40 percent since Dec. 31. That compares with the 1.4 percent fall this year of the 21- company Standard and Poor's 500 Insurance Index. Kelly Groh, the company's controller and principal accounting officer, replaces Klein as CFO, Richmond, Virginia- based Genworth said Thursday in a statement after markets closed.

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  13. Genworth Slumps as CFO's Exit Leaves Groh to Clean Up AccountingRead the original story

    Oct 16, 2015 | The Washington Post

    Genworth Financial Inc., which has the worst-performing stock among large U.S. insurers this year, extended its slump after announcing that Chief Financial Officer Martin Klein resigned to take a role at another company. Genworth dropped 5.3 percent to $5.20 at 9:36 a.m. in New York trading, widening its decline to 39 percent since Dec. 31. That compares with the 1.9 percent fall this year of the 21- company Standard and Poor's 500 Insurance Index.

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  14. Genworth's Klein Leaves Amid Share Slump; Groh Promoted to CFORead the original story

    Oct 15, 2015 | The Washington Post

    Genworth Financial Inc., the insurer that declined more than 60 percent in New York trading since the end of 2013, said Chief Financial Officer Martin Klein is leaving to take a role at another company. Kelly Groh, 47, the company's controller and principal accounting officer, replaces Klein as CFO, Richmond, Virginia- based Genworth said Thursday in a statement.

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  15. Coal's Upside? Things Can't Get Much Worse After a Dire 2015Read the original story

    Oct 6, 2015 | The Washington Post

    Most utilities that are able to switch to cleaner burning and cheaper natural gas have already done so, resulting in coal losing 10 percent, or 80 million tons, of demand, BB&T Capital Markets said in a report Tuesday. President Barack Obama's Mercury and Air Toxics Standards, which were implemented this year, spurred a rash of coal-fired power plant closures.

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  16. Blackstone's Performance Food Climbs in Debut Following IPORead the original story

    Oct 1, 2015 | The Washington Post

    The shares rose 1.1 percent to $19.20 at the close in New York, giving the company a market value of about $1.9 billion. Performance Food and existing shareholders sold 14.5 million shares for $19 each, according to data compiled by Bloomberg, after offering them for $22 to $25.

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  17. Dai-Ichi's Protective to Buy Genworth Life Insurance BlocksRead the original story

    Oct 1, 2015 | The Washington Post

    On Wednesday, the Birmingham, Alabama-based insurer said it agreed to buy blocks of term-life policies from Genworth Financial Inc. for about $661 million through a reinsurance transaction. The deal is expected to be completed in the first quarter.

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  18. Alcoa Seen Borrowing a Bit of Buffett's Halo in Plan to SplitRead the original story

    Sep 28, 2015 | The Washington Post

    Shares of the aluminum maker rose as much as 5 percent Monday after the company announced that it would split its legacy smelting and refining operations from its engineered- products business, which makes components for the auto and aerospace industries. That division competes with Precision Castparts Corp., a company that Buffett's Berkshire Hathaway Inc. agreed last month to buy for about $32 billion-- or a 21 percent premium to its market value before the deal was announced.

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  19. Stocks Slump Toward Worst Quarter in 4 Years Amid Fed ConfusionRead the original story w/Photo

    Sep 25, 2015 | The Washington Post

    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. That choice was emblematic of the conflict stock investors faced this week amid mixed messages on the health of the U.S. economy.

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  20. Blackstone's Performance Food Seeks $362.5 Million in IPORead the original story

    Sep 21, 2015 | Bloomberg

    Performance Food Group Co., the food distributor majority-owned by Blackstone Group LP, is seeking to raise as much as $362.5 million in its initial public offering. The Richmond, Virginia-based company and existing shareholders are offering 14.5 million shares for $22 to $25 a piece, according to a regulatory filing Monday.

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