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$GNW announced that its subsidiary Genworth Life & Annuity Insurance Co. has agreed to sell blocks of term life insurance to Protective Life Insurance Co. It expects to record an after-tax GAAP loss of $275-325MM in 3Q15. The deal is expected to close in 1Q16. $GNW will continue to administer & service these policies, representing about $108.7Bil.
$PYPL jumps 6% in after hours on strong results. I am bullish on this stock.
$TSCO stock remained active in the after hours trading and rose more than 2% after the retailer posted better than expected 1Q17 results.
Instagram has reached 700 million monthly active users. Looks like it will hit 1 billion soon. That would make it $FB’s fourth billion-user platform.