Genworth Financial Inc. shares gained after bondholders agreed to changes sought by Chief Executive Officer Tom McInerney as he reshapes the insurer and seeks to rebound from losses on long-term care coverage.
Genworth climbed 7.6 percent to $3.26 a share at 4:01 p.m. in New York. The Richmond, Virginia-based insurer announced the bondholder approval in a statement Monday.
