Whether it's steel, textiles, or auto manufacturing, Wilbur Ross has built a lucrative career finding gold in industries left for dead.
Billionaire Wilbur Ross is the latest rich guy to put the word out that he's fine with higher taxes.
Don't like your stress test results? The government may have just the tonic: the public-private investment partnerships that aim to relieve lenders of troubled assets.
American Home Mortgage Servicing Inc., owned by vulture investor Wilbur Ross, will pay Citigroup $1.5 billion for the rights to service 185,000 home loans, Ross said Thursday.
Billionaire vulture investor Wilbur Ross agreed Friday to take over a small Florida bank.
Detroit automakers are no longer in the driver's seat when it comes to their own recovery. The U.S. economy is.
Billionaire investor Wilbur Ross, known for his investments in distressed companies in the steel, automotive industries, said it is only a matter of time before his firm acquires a bank.
Billionaire investor Warren Buffett said Tuesday he is offering to take over the liabilities of the troubled bond insurers, whose shaky finances have regulators and Wall Street greatly alarmed.
It's not easy being a bond insurer nowadays.
"What on earth is Wilbur Ross thinking?"
After the subprime snafu, Wall Street is focusing on a new word, and a new potential disaster: monolines
American Home Mortgage Investment bounced property tax checks for some Maryland homeowners, local and state officials said Monday, and they have demanded an explanation from the bankrupt mortgage lender and servicer.
Private equity firms have become the titans of Wall Street but the industry that built its reputation on nimble deal making is being put to the test.
Just how red-hot is the current worldwide expansion? "This is far and away the strongest global economy I've seen in my business lifetime," U.S. Treasury Secretary Hank Paulson declared on a recent visit to Fortune's offices.
Wilbur Ross, as an investor in bankrupt companies, has seen plenty of tough days in his 40-year career, but none like the first week of 2006, when a still unexplained explosion rocked the Sago coal mine in West Virginia, killing 12 miners and critically wounding a 13th. Ross's firm, W.L. Ross & Co., controls 13.7 percent of International Coal Group (ICG), which owns Sago.
Wilbur Ross, as an investor in bankrupt companies, has seen plenty of tough days in his 40-year career, but none like the first week of 2006, when a still unexplained explosion rocked the Sago coal...
Federal reports show the number of safety violations at the Sago Mine rose rapidly over the past two years, and in 2005 inspectors called 96 of them "serious and substantial."
Billionaire investor Wilbur Ross, known for snatching up steel companies, is now eyeing the auto parts industry and particularly the assets of Visteon Corp., according to a news report published Tuesday.
Fortune: Heroes of Industryupdated: Mon Mar 21 2005 00:01:00
Back in the 1980s the U.S. was seen as a rusting industrial giant. Better get ready, said the doomsayers, for a future of selling pizzas and movies to the Japanese. Since then American companies ha...
Among the magazine clippings that line the walls of Wilbur Ross's Manhattan office is a Business Week cover from last December that asks, "Is Wilbur Ross Crazy?" It's what a lot of people were thin...
If you call the main number of Bethlehem Steel, and cool your mind while the polite, automated female voice on the other end tells you what to do if you know the four-digit extension of the person ...
It may seem ironic, or poetic, or even just fitting that almost four years after the bursting of the new-economy bubble, the oldest of old-economy industries, steel, appears to be positively frothy...
Each weekday morning at eight, Wilbur Ross and his team of analysts gather around the conference table in their midtown Manhattan offices to go over what Ross calls his "shopping list." On that lis...
On Cleveland's gritty East Side, in a beat-up brick building with broken elevators and empty, yellowing floors, the future of Big Steel in America may be taking shape. Until recently this was the h...
With the market on a seemingly unstoppable joy ride, those dark days in the early '90s when junk--oops, high-yield--bonds were going bad and companies were going bankrupt seem far, far away. Clearl...
THE UNITED STATES of America is a great place to go broke. Any business in this bighearted country, whether insolvent or not, is free to shortchange its creditors while enjoying the full favor and ...
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