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(AFX UK Focus) 2008-11-06 21:58 UPDATE 1-Insurer Genworth posts Q3 loss, suspends buyback (Interactive Investor) NEW YORK, Nov 6 (Reuters) - Genworth Financial Inc, the U.S. life and mortgage insurer, reported a third-quarter loss on Thursday, hurt by investment losses. The company missed Wall Street expectations, and suspended its share buyback program and previously issued outlook for 2008 operating earnings. It also said it is looking at ways to bolster capital. Richmond, Virginia-based Genworth posted ... - business.inquirer.net
Symbiotic relationship (Philippine Daily Inquirer) ARMED with almost $1 billion in cold, hard cash, San Miguel Corp. has long been sitting on its hands waiting for the right time to buy. That time seems to have come, if the company's recent actions are any indication, given the "value assets" and hard-to-pass-off bargains now hanging on corporate clotheslines.
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