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.
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.
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.