Ross' investments in shipping is based on faith that emerging markets would boost trade in the long haul.
Sectors
'Lifestyle brand' reinvention to boost profit stream
US manufacturers Remington and Winnebago recently branched out to clothing and accessories, outdoor apparel and camping gear.
SAC's lack of contrition not a surprise
SAC's first public statement after pleading guilty was criticized for lack of contrition. SAC Capital Advisors was criticized for its lack of contrition after pleading guilty on four counts of securities fraud and one count of wire fraud.
BlackBerry stakeholders bear the brunt of a lingering crisis
Investors were positive that BlackBerry can make a comeback, but in the meantime stakeholders especially employees are taking the brunt of the crisis.
MLB and Alex Rodriguez suspension case grows deeper
Lawyers for Major League Baseball and Alex Rodriguez argue as to jurisdiction of the case, if it were in federal court or state court.
Latest News
Billionaire investor Wilbur Ross spent USD100 million to acquire vessels hauling dry commodity. Wilbur Ross, billionaire investor and owner of WL Ross &Co.
Intel Corporation acquired e-learning software company Kno. Intel Corporation recently acquired software company Kno. The latter began as a hardware company that later pivoted into producing eTextbooks and eBooks for college and K-12 students and publishers.
The Royal Bank of Scotland entered into a settlement with the Securities and Exchange Commission amounting to USD153.7 million.
Data storage company Box, one of Silicon Valley's highly anticipated IPO candidates, has selected Morgan Stanley, Credit Suisse and JPMorgan Chase & Co to lead a proposed initial public offering, according to three people familiar with the matter.
BlackBerry rejected proposals to break-up and sell all or parts of the Canadian company. BlackBerry Ltd's board rejected proposals to break-up the Canadian smartphone company, saying that it is currently not in the best interest of all of its stakeholders.
According to Judge Sam Glasscock, it found Cooper's allegations to be without merit as against the actions of Apollo in its buyout negotiations.
Micro-blogging site Twitter closed at USD41.65 today, dropping by 7.24% from its IPO debut. Social media site Twitter closed its second day of trading at USD41.
Symbion, which was privatized in 2007, is preparing for its sale. Surgical facilities operator Symbion Inc, which was privatized back in 2007, is now up for sale.
In preparation for its 2014 IPO, Box had appointed banks to manage the share sale and market debut. Another one of Silicon Valley's highly anticipated IPO issues is data storage company Box.
