Wilbur Ross, WL Ross & Co. chairman and CEO, explains why he thinks people are putting their money into art. He says he "has been sucked in by the fad."» Read More
Nov 20- The liquefied gas carrier Navigator Holdings Ltd, controlled by billionaire investor Wilbur Ross, raised $228 million after its initial public offering was priced at $19 per share, the higher end of its expected range. The company's net income for the nine months ended Sept. 30, 2012, rose 39 percent to $30.1 million, from $21.7 million a year earlier.
*EU agrees Spain does not need to extend bank rescue. MADRID, Nov 14- Potential buyers of Spain's rescued banks, which include foreign investors, are pressuring the government to sweeten sales with more state aid, just as Madrid pulls its financial sector off European support, banking sources said.
SINGAPORE, July 3- U.S. private equity and investment funds are betting Asia's shipping industry, hit by a restructuring wave that has already swept Europe and the United States, is the best spot to ride a recovery from the industry's worst downturn in three decades.
With shipping prices ridiculously low, what should you do with the dry bulk shipping stocks?
President Obama's proposal to extend the middle-class tax cuts before reforming the tax code and entitlements is a "sucker's game," billionaire investor Wilbur Ross told CNBC Thursday.
With control of Congress unchanged, billionaire investor Wilbur Ross expects President Barack Obama to start thinking about his legacy during his second term by reaching across the aisle to build consensus.
Nov 1- Overseas Shipholding Group Inc's warning that it may file for bankruptcy protection has companies that lease ships to the world's No. 2 tanker operator scrambling to find alternative customers and writing down the value of their OSG contracts.
*$3 billion bid tops offer from Nationstar Mortgage Holdings. Oct 24- Ocwen Financial Corp and Walter Investment Management Corp on Wednesday prevailed in a bankruptcy auction for Residential Capital LLC's mortgage business with a $3 billion bid that topped rival Nationstar Mortgage Holdings Inc..
In the wake of a major leadership shift Citigroup, billionaire investor Wilbur Ross said Tuesday that banks have become “too complex to manage” and will probably return to a simpler business model.
Oct 3- Loan servicer Ocwen Financial Corp will buy Homeward Residential Holdings Inc from private equity firm WL Ross& Co LLC for about $750 million to strengthen its hold on the residential mortgage servicing market. The company's shares jumped as much as 16 percent to a life-high of $33.57 in early trading on the New York Stock Exchange on Wednesday.
Though other parts of the continent are improving, Greece actually is worse up close than it appears from the outside, investor Wilbur Ross told CBNC.
Dominic Frederico, Assured Guaranty CEO, explains why Stockton, California has not done enough to cut its fiscal fat to meet its bond obligations, with Wilbur Ross, WL Ross & Co. chairman and CEO.
Wilbur Ross, WL Ross & Co. chairman & CEO, weighs in on fiscal improvement in Europe, and continuing problems plaguing Greece.
Wilbur Ross, the billionaire investor and Chairman of private equity firm, WL Ross & Co., says the real question facing Greece is what policies the new government will implement after the pro-bailout New Democracy party won the most votes in Sunday’s vote.
Wilbur Ross, Chairman of WL Ross & Co says the real question for Greece after the elections is what happens now. He says Greece should privatize state assets and improve tax collection.
Wilbur Ross, WL Ross & Co. chairman & CEO, expects natural gas and Europe to bounce back.
A new Senate bill would help spur demand in U.S. housing by offering foreign investors a three-year "homeowners visa" if they invest half a million dollars cash and stay in the house for 180 days, co-sponsor Charles Schumer told CNBC Monday.
Sir Richard Branson, Virgin Group founder & chairman, discusses his joint venture with Wilbur Ross to buy failed bank Northern Rock.
Discussing whether the IMF will become the "ultimate funder" to a troubled EU, with Richard LeFrak, The LeFrak Organization, and Wilbur Ross & Co., WL Ross, and the Squawk Box crew.
The sale of Northern Rock bank to a group led by vulture investors Wilbur Ross and Richard Branson is part of a market return to more rational behavior, Ross told CNBC.