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Wilbur Ross

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  • WILMINGTON, Del, June 15- The U.S. Supreme Court ruled on Monday that bankruptcy attorneys must bear the expense of defending their fees, which could make it harder for lawyers to get paid for their often-costly Chapter 11 work. Baker Botts was eventually awarded $117 million for its work, which was considered particularly successful because creditors were...

  • DUBLIN, March 31- Canada's Fairfax Financial Holdings has sold half of its 5.8 percent stake in Bank of Ireland for more than triple what it paid for it in 2011, a source with knowledge of the deal said, pushing the share price down 6 percent. Bank of Ireland shares were down 6 percent at 36.2 euro cents at 0725 GMT following the sale, which was managed by Deutsche Bank.

  • Wilbur Ross's oil prediction Monday, 26 Jan 2015 | 8:36 AM ET
    Wilbur Ross's oil prediction

    Near term it could get "messy," says Wilbur Ross, WL Ross & Company chairman & CEO, sharing his outlook on oil.

  • Wilbur Ross: Good signs from Greece Monday, 26 Jan 2015 | 8:33 AM ET
    Wilbur Ross: Good signs from Greece

    Wilbur Ross, WL Ross & Company chairman & CEO, shares his thoughts on the outcome of the Greek elections and the future of Greece and the European Union.

  • Jan 14- Shipper Navigator Holdings Ltd expects continued demand for petrochemical gases in the fourth quarter to make up for a fall in liquefied petroleum gas shipments caused by the slump in oil prices, a senior executive told Reuters. But the 60 percent drop in global crude prices since June has squeezed opportunities for traders to profit from moving LPG...

  • Stocks rally due to lack of alternatives: Wilbur Ross

    Wilbur Ross, WL Ross & Company chairman & CEO, weighs in on the outlook for U.S. stocks.

  • Bank of Cyprus turnaround promising: Wilbur Ross Friday, 21 Nov 2014 | 7:40 AM ET
    Bank of Cyprus turnaround promising: Wilbur Ross

    Wilbur Ross, WL Ross & Company chairman & CEO, discusses a frightening moment at the Bank of Cyprus after the installation of Josef Ackermann as chairman in an effort to overhaul the bank's board.

  • Draghi 'jawboning' rather than putting money to work: Ross

    Wilbur Ross, WL Ross & Company chairman & CEO, shares his thoughts on EBC policy and Europe's economy. Also Ross discusses the sale of his stake in the Bank of Ireland.

  • China rate cut positive: Wilbur Ross Friday, 21 Nov 2014 | 7:35 AM ET
    China rate cut positive: Wilbur Ross

    It's the first step toward quantitative easing, says Wilbur Ross, WL Ross & Company chairman & CEO, explaining why China's move to cut interest rates is a "good and useful" move. It augurs well for oil too, adds Ross.

  • Branson's Virgin Money aims to raise $243M in IPO Thursday, 2 Oct 2014 | 3:14 AM ET

    Virgin Money, the U.K. bank founded and part-owned by Richard Branson, said it plans to raise $243.3 million from listing in London.

  • 'The market for all art is hot' Thursday, 10 Jul 2014 | 8:59 AM ET
    'The market for all art is hot'

    Billionaire investor and art collector Wilbur Ross tells CNBC that buying and selling art more often can be quite lucrative.

  • Greece is clearly turning: Ross Thursday, 10 Jul 2014 | 8:35 AM ET
    Greece is clearly turning: Ross

    Wilbur Ross, WL Ross & Company chairman & CEO, shares his thoughts on the future of Greece and the European Union. And CNBC's Rick Santelli and Steve Liesman disagree on the solutions to Europe's economic woes.

  • Ross: Courage to buy BankUnited Thursday, 10 Jul 2014 | 7:12 AM ET
    Ross: Courage to buy BankUnited

    Wilbur Ross, WL Ross & Company chairman & CEO, discusses his decision to buy the failed Florida thrift BankUnited. Also Ross explains why he couldn't "get his arms" around the deal to purchase Portuguese Bank of the Holy Spirit.

  • Fed could trigger next crisis: Stephen Roach Thursday, 26 Jun 2014 | 7:19 AM ET

    The Fed's "wildly accommodative" monetary policy risks triggering the next world financial crisis, market veteran Stephen Roach warned.

  • Ross: Bank of Ireland is 'on the right track' Monday, 9 Jun 2014 | 4:26 PM ET
    Wilbur Ross

    U.S. billionaire Wilbur Ross, who has sold his stake in Bank of Ireland, said he believes the bank is "on the right track."

  • Why I'm ready to invest more in Europe: Wilbur Ross Friday, 6 Jun 2014 | 10:01 AM ET
    Wilbur Ross

    Private equity billionaire Wilbur Ross tells CNBC he's more likely to put money to work in Europe, after the ECB's interest rate move.

  • SPAC on track to write 'blank check' Friday, 6 Jun 2014 | 7:38 AM ET
    SPAC on track to write 'blank check'

    Billionaire investor Wilbur Ross, WL Ross & Company chairman and CEO, discusses the launch of his publicly traded special purpose acquisition corporation, formed for the purpose of making acquisition.

  • Wilbur Ross on ECB rate cut Friday, 6 Jun 2014 | 7:03 AM ET
    Wilbur Ross on ECB rate cut

    Billionaire Wilbur Ross, who invests in distressed assets, weighed in on the ECB's move to negative interest rates.

  • Early jobs for some of Wall Street's finest Sunday, 6 Apr 2014 | 7:00 AM ET
    Mike Mayo, then and now.

    Where some of the financial industry’s most powerful worked to help pay for college

  • Where Wilbur Ross sees more opportunity Monday, 17 Mar 2014 | 2:13 PM ET
    Wilbur Ross

    Wilbur Ross says there is continued opportunity in Europe's financial sector.