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Conseco shares slump 40% on exposure to AIG, Lehman, WaMu
Shares of the life and mortgage insurer lost almost a quarter of their value to trade at $10.02 during afternoon trading. A spokesman for the company declined to comment on whether Genworth is exposed to securities of AIG, Lehman or WaMu. "The shares are being punished because, like AIG, Genworth is...
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- News Source: International Business Times | about 1 year agoThe company continues to have adequate liquidity in its insurance companies and at the holding company, with strong capital levels at the insurance companies and a positive cash flow at the holding company," CEO Jim Prieur said in a statement. Prieur'...
- News Source: MarketWatch | about 1 year agoShares of the life and mortgage insurer lost almost a quarter of their value to trade at $10.02 during afternoon trading. A spokesman for the company declined to comment on whether Genworth is exposed to securities of AIG, Lehman or WaMu. "The...
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