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The Economist Magazine’s Attack on Industrial Policy
Monday, August 9, 2010 - 1:54pm | 1076Read More...The latest Economist magazine has a giant octopus on the cover with the headline, "Leviathan Inc – The State goes back into business." The danger according to the Economist is industrial policy. When it comes to the USA the Economist has it wrong. The fact that the U.S has no industrial policy...
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Ross Worried About U.S. Manufacturing
Tuesday, August 3, 2010 - 2:21pm | 308Read More...Legendary investor Wilbur Ross is worried about the state of U.S. manufacturing reports the NY Times. Ross, who is famous for restructuring bankrupt companies and selling them for massive profits told Charlie Rose he fears for the long term viability of U.S. manufacturing and worries that the...
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SNBC Surges On News Of Wilbur Ross Buying Stake In Company
Thursday, July 8, 2010 - 11:15am | 87Read More...Sun Bancorp Inc (NASDAQ: SNBC) surged after it announced that investor Wilbur Ross and the company's founding Brown family have signed a definitive agreement. Under the agreement, Wilbur Ross will buy SNBC’s common and preferred stock worth $100 million. After the purchase, Ross will have a 24.9%...
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Wilbur Ross To Invest In Rail, Casinos
Monday, May 17, 2010 - 8:50pm | 126Read More...Private Equity firm WL Ross & Co. said that it is considering investments in real estate, rails and casinos. The firm is owned by billionaire investor Wilbur Ross. He told Reuters, “We're looking to buy more rail cars.” He emphasized that many rail owners are facing financial hardships. The...
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Wilbur Ross Teaming With Virgin Money To Bid For Northern Rock
Friday, January 15, 2010 - 11:21am | 117Read More...Wilbur Ross, billionaire investor, chairman and chief executive of private equity and turnaround firm WL Ross & Co, said on Thursday he was "quite possibly" interested in teaming up with Richard Branson's Virgin Money to bid for state-owned British bank Northern Rock. Ross said that “Virgin...
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Top Contrarian Investor Jim Chanos Loses Taste For Chinese
Friday, January 8, 2010 - 2:50pm | 347Read More...Contrarian investor Jim Chanos, known for his short selling prowess, has now made it known that he is betting against one of the biggest stars of today: China Inc. Chanos and his aptly named fund, Kynikos (Greek for ‘cynic’), earned their stripes in Wall Street by foreseeing the problems of Enron,...
