• / Free eNewsletters & Magazine
  • / My Account
Home>Genworth Cuts 400 Jobs as CEO McInerney Pressured by Rates

Genworth Cuts 400 Jobs as CEO McInerney Pressured by Rates

Financial Planning News

Thu, 6 Jun 2013

Genworth Financial Inc. said it is eliminating 400 jobs as Chief Executive Officer Thomas McInerney seeks to counter the pressure from low interest rates.

Related Videos

  1. Markets and Economy: Put the Big Picture in Perspective

    BlackRock's Heidi Richardson, University of Chicago professor Randy Kroszner, and Morningstar's Bob Johnson tackle today's key macro issues--including employment , housing, consumer and corporate spending, the Fed taper, and much more.

  2. Market Finds Nirvana in Jobs Report

    The rebound in jobs in June is a sign that the U.S. economy is still chugging along but not at a pace that will force the Fed's hand in raising rates soon, says Morningstar's Bob Johnson.

  3. Johnson: May Jobs Data a 'Goldilocks' Report

    Last month's employment numbers showed a continued, steady improvement, but they weren't so strong that the Fed will feel forced to taper its easing programs, says Morningstar's Bob Johnson.

©2017 Morningstar Advisor. All right reserved.