Washington Post (10/01/08) P. D4
Genworth Financial watched its stock price rocket 72 percent on Sept. 30 after announcing that it might spin off its U.S.-based mortgage insurance operations. The Richmond, Va.-based firm's holding company carries more than $800 million in cash and cash equivalents, while its operating companies hold almost $4 billion. Genworth also announced that it has lowered its commercial paper borrowings to $79 million.
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