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Equity futures are pointing higher this morning with the Dow Jones Industrial Average looking to open 72 points higher while the broader S&P500 index is looking to open over 8 points higher.
Genworth is a provider of Medicare Supplement coverage. The business has over 145,000 members and will "substantially enhance Aetna's presence and capabilities as a provider of Medicare Supplement insurance."
Aetna will acquire 100% of Continental Life Insurance Company, located in Brentwood, Tennessee.
Aetna (NYSE:AET) announced today it has entered into a definitive agreement to acquire Genworth Financial's (NYSE:GNW) Medicare Supplement business and related blocks of in-force business.
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From FNNO.com, this is the Financial News Network. I’m Cleo
Stiller-Farrell and this is your Midweek Market Wrap Up. The British
Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up
its...
The Wall Street Journal reports that home prices showed their best year-to-date gains since 2005, up 5.9% through July, signaling the housing market's steady march toward recovery. Also from the Wall Street Journal, IBM (IBM) will increase its efforts to sell so-called cloud computing services...
CEO Marissa Mayer is bringing in some more new blood to Yahoo!, tapping Ken Goldman as the company's new Chief Financial Officer. Goldman's appointment will take effect on October 22nd.
Goldman served as CFO at his most recent employer, Fortinet, having worked at Siebel Systems, Sybase,...
