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.