Billionaire investor Wilbur Ross, who made his fortune making bold bets on distressed industries, is buying H&R Block Inc's mortgage servicing business for $1.1 billion amid the worst market crisis in decades. Ross will emerge the No. 2 U.S.
Swatch Group, the world's biggest watchmaker, reported 2007 net income Friday March 14th of 1.015 billion Swiss francs (644.2 million euros, 1.0 billion dollars), up 22.3 percent from the previous year.
Investment funds that have ploughed tens of billions into commodities are now sniffing around Australia's small wool futures market for a new play as surging food prices begin to reduce land for grazing.
Billionaire Wilbur Ross has agreed to invest up to $1 billion in Assured Guaranty Ltd , bypassing big bond insurers such as Ambac Financial Group Inc in favor of a rival that has largely avoided the credit problems plaguing the industry.
Are you one of the millions of fashion fiends who covet Oscar red carpet styles? Sadly, the costly gowns worn by Hollywood's elite will likely never adorn your non-celebrity body -- but there may be hope for your dog.
Berkshire Hathaway, the holding company controlled by billionaire Warren Buffett, said on Thursday it has taken an 8.6 percent stake in Kraft Foods and invested in drugmaker GlaxoSmithKline. The 132.4 million share stake in Kraft was worth about $4.
The price of platinum soared on Thursday past 2,000 dollars an ounce to a record as power shortages affected mining production in South Africa, the biggest supplier of the white precious metal, traders said.
Berkshire Hathaway , the holding company controlled by billionaire Warren Buffett, said on Thursday it has taken a roughly 8.5 percent stake in Kraft Foods , the maker of dairy and other food products. The 132.