Wilbur Ross' Latest Announcement
Airtime: Wed. Jul. 14 2010 | 7:38 AM ET
Wilbur Ross is back on the prowl expanding his investment empire, with Wilbur Ross, WL Ross & Co. chairman & CEO and Mac Crawford, former CVS Caremark chairman.

Airtime: Wed. Jul. 14 2010 | 7:38 AM ET
Wilbur Ross is back on the prowl expanding his investment empire, with Wilbur Ross, WL Ross & Co. chairman & CEO and Mac Crawford, former CVS Caremark chairman.

BB&T is one of the three big regionals that remained profitable during the financial crisis. Kelly King, the bank’s CEO, said its conservatism helped it avoid problems.

We are more concerned about rate rises in China than the Greece contagion risks, says Craig Irvine, co-head of regional research at Daiwa Capital Markets. He speaks to CNBC’s Karen Tso and Martin Soong about his outlook for Asian markets.

Barrick Gold CEO: Aaron Regent on Gold’s Record High

“I think it would be very good for the world to have deflation … at this level I’m not particularly interesting in buying anything,” Marc Faber of “The Gloom, Boom & Doom Report” told CNBC Thursday. Guillaume Salomon from TD Securities and Steen Jakobsen from Limus Capital Partners joined the discussion.

“The euro is a very credible currency, a currency that has a track record of keeping its value (and) is a major asset for investors,” ECB President Jean-Claude Trichet told CNBC after the central bank left interest rates on hold Thursday.

US tech bellwether Intel reported a near quadrupling of profit in the first quarter. It also raised its full-year margins outlook. “We’re delighted with the performance, to see a record Q1 on the back of a tough 2009,” Graham Palmer, UK MD at Intel, said Wednesday. “From a European perspective, we exceeded our expectations.”