Wilbur Ross, Chairman & CEO of WL Ross & Co. LLC, says that the cheap oil prices add an extra $90 a month into each U.S. family's pocket.» Read More
Wilbur Ross, chairman and CEO of WL Ross & Co., says China is well aware that its shale gas ambitions will take time to materialize while Japan is showing green shoots under the leadership of Abe.
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.
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.
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.
Japan, the third-largest economy in the world, is a "very good and very cheap way" to invest in emerging markets, investor Wilbur Ross told CNBC Monday.
Markets are over their fears that the worst will happen in the world economy as investors hope that Europe will finally find some solution to the debt crisis, Wilbur Ross, WL Ross chairman and CEO, told CNBC Friday.
President Obama's jobs plan is a start, but many chief executives told CNBC it doesn't go far enough.
Billionaire investor Wilbur Ross told CNBC Tuesday he was not perturbed by last week's volatile market swings.
Moody's is punishing the wrong EU member by downgrading Ireland, Wilbur Ross Jr., CEO of WL Ross & Co., told CNBC Wednesday. If Moody's "downgrades enough people recklessly, nobody will be able to access the public markets in 2013. I think it's a ridiculous idea."