Genworth Financial Inc. (NYSE: GNW) announced a comprehensive U.S. Mortgage Insurance capital plan. The plan, when implemented, will reduce Genworth Mortgage Insurance Company's (GMICO), the company's main U.S. mortgage insurance subsidiary, risk-to-capital by 12 to 15 points, decrease the likelihood that the U.S. mortgage insurance subsidiaries will require additional capital for the foreseeable future, ensure the continued ability to write new business and reduce the risk of a default under the indenture governing Genworth's senior notes.
Genworth Financial, Inc. (Genworth) is a financial security company. It provides insurance, wealth management, investment and financial solutions. As of December 31, 2011, it had more than 15 million customers, with a presence in more than 25 countries.
Alpha Natural Resources, Inc. (NYSE: ANR), a leading U.S. coal producer, plans to report its fourth quarter and full year 2012 results before the market opens on Thursday, February 14, 2013.
Alpha Natural Resources, Inc., formerly known as Foundation Coal Holdings, is a United States-based coal company.
With $7.1 billion in total revenue in 2011, Alpha Natural Resources ranks as America's third-largest coal producer by revenue and third-largest by production. Alpha is the nation's largest supplier of metallurgical coal used in the steel-making process and is a major supplier of thermal coal to electric utilities and manufacturing industries. In 2011, the Company had more than 200 customers on five continents.
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