Wilbur Ross - WL Ross

Wilbur Ross: Run-Up in Oil Prices Is a Bubble

Filed under Wilbur Ross - WL Ross
July 1, 2008 3:39 pm

The dramatic rise in oil prices is a bubble, famous turnaround investor Wilbur Ross told CNBC Monday, noting that there is no apparent supply problem with crude. While discussing his ... Read more »

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Ross: Housing Issues Scarier Than High Oil Prices

Filed under Wilbur Ross - WL Ross, Predictions
May 28, 2008 3:18 pm

Billionaire Wilbur Ross says the nation’s housing situation is scarier than the oil-price crunch. “You saw those numbers that were reported yesterday, 16 percent down from the 2006 highs,” Ross ... Read more »

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Ross pays $1.1B for H&R’s Option One

Filed under Deals, Wilbur Ross - WL Ross
March 17, 2008 5:23 pm

Billionaire investor Wilbur Ross will pay $1.1 billion for H&R Block’s troubled Option One mortgage servicing business, which has been rocked by the nationwide mortgage meltdown.Option One currently services about ... Read more »

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Wilbur Ross Sees Bank Failures Ahead

Filed under Wilbur Ross - WL Ross, Predictions
March 10, 2008 5:34 pm

Billionaire investor Wilbur Ross says the current market downturn differs from previous slumps in that no American banks have yet failed this time, but he ... Read more »

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Wilbur Ross And Bill Gross scoop-up municipal bonds

Filed under Hedge funds, Wilbur Ross - WL Ross, Bill Gross - Pimco
March 6, 2008 9:30 am

  Investor Wilbur Ross has purchased $1 billion of beaten-down municipal bonds, a sign that some large investors are snapping up these investments after a recent selloff, taking advantage of ... Read more »

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Assured Guaranty Gets Capital From Wilbur Ross

Filed under Deals, Wilbur Ross - WL Ross
February 29, 2008 2:13 pm

Assured Guaranty Ltd., one of two bond insurers whose AAA credit ratings aren’t in jeopardy, said billionaire investor Wilbur Ross will invest as much as $1 billion in shares to ... Read more »

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Billionaire to billionaire: Warren, it won’t work.

Filed under Warren Buffett - Berkshire Hathaway, Wilbur Ross - WL Ross
February 13, 2008 1:23 pm

Turnaround specialist Wilbur Ross said Wednesday he does not expect Warren Buffett’s offer to reinsure $800 billion of municipal bond debt to succeed. “If it went through, it would be ... Read more »

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Ross to Decide Soon on Insurer Investment

Filed under Deals, Wilbur Ross - WL Ross
February 5, 2008 3:25 pm

Billionaire Investor Wilbur Ross said Tuesday he will make a decision on whether to invest $1 billion or more in a bond insurer within “the next few weeks.” In ... Read more »

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Wilbur Ross Won’t Wait For Downgrade

Filed under Wilbur Ross - WL Ross
January 31, 2008 10:26 pm

Billionaire Wilbur Ross, who’s been rumoured to be considering a bid for Ambac, tells CNBC that any takeover of a bond insurer has to come before a downgrade. Wilbur Ross, chairman & CEO, WL Ross & Co., speaks to CNBC watch the video here: http://www.cnbc.com/id/15840232?video=631483774

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Billionaire to rescue of crisis-hit US insurer

Filed under Hedge funds, Deals, Wilbur Ross - WL Ross
January 24, 2008 9:04 pm

  Billionaire vulture fund operator Wilbur Ross is in takeover talks with Ambac, the troubled bond insurer whose recent financial crisis was a major factor in this week’s dramatic US ... Read more »

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Some Auto Suppliers May Liquidate, Investor Ross Says

Filed under Wilbur Ross - WL Ross, Predictions
January 22, 2008 9:37 pm

Some auto-parts companies may be forced out of business as auto sales fall in 2008, billionaire investor Wilbur Ross said.“I believe that the result will be the liquidation of one ... Read more »

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Ross says may invest in monoline insurers

Filed under Wilbur Ross - WL Ross, Predictions
December 14, 2007 9:00 am

In an exclusive interview, Wilbur Ross, W.L. Ross chmn. & CEO reveals the art of “steeling” deals, with CNBC’s Maria Bartiromo. watch it here: http://www.cnbc.com/id/15840232?video=607899345

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Branson to put £200m of his own money into Northern Rock

Filed under Deals, Richard Branson - Virgin, Wilbur Ross - WL Ross
November 27, 2007 8:44 pm

Sir Richard Branson is to put £200m (€280m) of his own money into the rescue of Northern Rock as part of the deal he sealed during a weekend telephone call ... Read more »

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Northern Rock Favors Virgin Offer; Treasury Approves

Filed under Deals, Richard Branson - Virgin, Wilbur Ross - WL Ross
November 26, 2007 9:38 am

 Northern Rock Plc, the U.K. mortgage lender bailed out by the Bank of England two months ago, said the government backed Richard Branson’s Virgin Group Ltd. as the preferred bidder ... Read more »

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Profile: Wilbur Ross, buyer of failed companies

Filed under Profiles, Wilbur Ross - WL Ross
October 28, 2007 4:43 pm

Wilbur Ross, the billionaire who specializes in resurrecting failed companies, is betting the U.S. mortgage market will rise from the dead. “We’re looking at everything that’s in trouble,” said Ross, ... Read more »

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Auto supplier Collins & Aikman closing

Filed under Deals, Wilbur Ross - WL Ross
October 14, 2007 10:49 pm

An auto supplier that once made pieces for almost every U.S.-built car is closing after completing the sale of its last major operations to a private equity group led by ... Read more »

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Virgin-Led Group May Buy Control of Northern Rock

Filed under Deals, Richard Branson - Virgin, Wilbur Ross - WL Ross
October 12, 2007 7:53 pm

 Billionaires Richard Branson and Wilbur Ross are teaming up to bid for Northern Rock Plc, the mortgage lender bailed out last month by the Bank of England.Branson’s Virgin Group Ltd. ... Read more »

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WL Ross Bid Wins American Home Unit

Filed under Deals, Wilbur Ross - WL Ross
October 5, 2007 8:09 pm

American Home Mortgage Investment Corp. said Friday an entity backed by turnaround legend Wilbur Ross bid was selected as the highest and best bidder in a bankruptcy auction for its ... Read more »

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Willbur Ross sees ‘Subprime’ Opportunities

Filed under Wilbur Ross - WL Ross
October 3, 2007 8:28 pm

In a CNBC exclusive, Wilbur Ross, WL Ross & Co. CEO, discusses opportunities in subprime, with CNBC’s Maria Bartiromo. watch it here: http://www.cnbc.com/id/15840232?video=542849180&play=1

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(two days old) Ross to Buy American Home Unit, Expand in Mortgages

Filed under Projects, Wilbur Ross - WL Ross
September 23, 2007 7:50 am

 Wilbur L. Ross Jr., who became a billionaire by investing in bankrupt steel companies, offered to pay at least $435 million for a unit of American Home Mortgage Investment Corp. ... Read more »

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Billionaire Wilbur Ross talks to FT about current credit crunch

Filed under Wilbur Ross - WL Ross, Predictions
September 17, 2007 5:54 pm

  Sep 17, 2007 “There’s no trouble to find funding,” says Wilbur Ross, doyen of the US private equity distressed debt sector. “We’re viewed as the eraser on the ... Read more »

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Blackstone, GE, WL Ross Compete for Stake in IFCI

Filed under Deals, Stephen Schwarzman - Blackstone, Wilbur Ross - WL Ross
2:06 pm

Sept. 17 (Bloomberg) — Blackstone Group LP, manager of the world’s biggest buyout fund, General Electric Capital Corp. and a group led by billionaire Wilbur Ross are among investors that ... Read more »

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Vulture investor Ross turns sights on subprime

Filed under Hedge funds, Wilbur Ross - WL Ross
August 8, 2007 11:45 am

He’s made a fortune picking through the bones of failed steelmakers, textile mills and coal miners. Now billionaire investor Wilbur Ross is taking aim at another beleaguered industry: subprime ... Read more »

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