PRESS DIGEST- Financial Times - Oct 24
Oct 24 The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
Oct 13 Hcp Inc
* board of directors approves spin-off of Quality Care Properties, Inc.
* spin-off to be effected through pro rata distribution of shares of QCP to HCP's stockholders of record as of close of business on october 24
* following spin-off, HCP will continue to be listed on new york stock exchange under symbol "HCP"
* each HCP stockholder will receive one share of QCP common stock for every five shares of HCP common stock held on record date
* following spin-off, QCP will list its common stock on nyse under symbol "QCP." Source text for Eikon: Further company coverage:
* Upon completion of transaction, Genworth Financial, Inc. Will be a standalone subsidiary of china oceanwide
Oct 24 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.