Latest Wilbur L. Ross Jr. News

A man walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, May 29, 2020. Shares fell Friday in Asia after Wall Street’s rally petered out amid worries about flaring U.S.-China tensions. (AP Photo/Eugene Hoshiko)

Asia shares fall as US-China tensions douse rally on Wall St

May. 28, 2020 11:57 PM EDT

BANGKOK (AP) — Shares fell Friday in Asia after Wall Street’s rally petered out amid worries about flaring U.S.-China tensions. Benchmarks declined in Hong Kong, Tokyo and Sydney but rose in Shanghai. Investors are nervously awaiting a news conference about China by President Donald Trump later in...

A women wearing a face mask walks past a bank electronic board showing the Hong Kong share index at Hong Kong Stock Exchange, Thursday, May 28, 2020. Asian stocks are mixed after an upbeat open, as hopes for an economic rebound from the coronavirus crisis were dimmed by tensions between the U.S. and China over Hong Kong and other issues. (AP Photo/Vincent Yu)

Asian shares mixed after Wall Street rally; Hong Kong lower

May. 28, 2020 12:36 AM EDT

BANGKOK (AP) — Asian stocks were mixed after an upbeat open on Thursday, as investors pinned their hopes on an economic rebound from the coronavirus crisis. Shares rose in Tokyo, Sydney and Shanghai but dropped in Hong Kong, where tensions are flaring over Beijing’s effort to exert more control...

FILE - In this May 15, 2020, photo, the Miami skyline is shrouded in clouds as a cyclist rides along Biscayne Bay at Matheson Hammock Park, in Miami. National Oceanic and Atmospheric Administration's Climate Prediction Center, said Thursday, May 21, 2020, that six to 10 of the storms could develop into hurricanes, with winds of at least 74 mph. They're also predicting that three to six of those could develop into major hurricanes. (AP Photo/Lynne Sladky, File)

Forecasters predict busy 2020 Atlantic hurricane season

May. 21, 2020 3:23 PM EDT

FORT LAUDERDALE, Fla. (AP) — With forecasters predicting another intense Atlantic hurricane season with as many as 13 to 19 named storms, disaster preparedness experts say it’s critically important for people in evacuation zones to plan to stay with friends or family, rather than end up in shelters...

FILE - this April 5, 2020 file photo, shows An envelope containing a 2020 census letter mailed to a U.S. resident in Detroit. A federal judge on Thursday, May 21, 2020, agreed to impose financial sanctions against the Trump administration for failing to produce hundreds of documents during litigation over whether a citizenship question could be added to the 2020 census. (AP Photo/Paul Sancya, File)

Judge grants sanctions against DOJ over citizenship question

May. 21, 2020 2:51 PM EDT

A federal judge on Thursday agreed to impose financial sanctions against the Trump administration for failing to produce hundreds of documents during litigation over whether a citizenship question could be added to the 2020 census. U.S. District Judge Jesse Furman said in a ruling that the Trump administration's...

3 Gulf Coast states get $88 million for fisheries flooding

May. 18, 2020 7:05 PM EDT

NEW ORLEANS (AP) — Three Gulf Coast states are getting more than $88 million in fisheries disaster funds for damage from last year’s flooding, which included an unprecedented two openings of a spillway west of New Orleans. “These funds will help industries and individuals recover from this...

FILE - In this March 8, 2019, file photo, A logo of Huawei retail shop is seen through a handrail inside a commercial office building in Beijing.  The U.S. government is imposing new restrictions on Chinese tech giant Huawei by limiting its ability to use American technology to build its semiconductors. The Commerce Department said Friday, May 15, 2020 the move aims to cut off Huawei’s undermining of existing U.S. sanctions.  (AP Photo/Andy Wong, File)

China warns US of 'all necessary measures' over Huawei rules

May. 17, 2020 11:51 PM EDT

BEIJING (AP) — China’s commerce ministry says it will take “all necessary measures” in response to new U.S. restrictions on Chinese tech giant Huawei’s ability to use American technology, calling the measures an abuse of state power and a violation of market principles. An...

FILE - In this March 8, 2019, file photo, A logo of Huawei retail shop is seen through a handrail inside a commercial office building in Beijing.  The U.S. government is imposing new restrictions on Chinese tech giant Huawei by limiting its ability to use American technology to build its semiconductors. The Commerce Department said Friday, May 15, 2020 the move aims to cut off Huawei’s undermining of existing U.S. sanctions.  (AP Photo/Andy Wong, File)

US adds new sanction on Chinese tech giant Huawei

May. 16, 2020 2:38 AM EDT

BOSTON (AP) — The U.S. government has imposed new restrictions on Chinese tech giant Huawei's ability to use American technology, stepping up a conflict with Beijing over industry development and security. Commerce Secretary Wilbur Ross said Friday that Washington wants to prevent Huawei from evading...

Seafood industry visa fix in question after virus outbreak

Apr. 22, 2020 5:35 PM EDT

WASHINGTON (AP) — With the aid of lawmakers, seafood businesses in Maryland, Virginia, Alaska and North Carolina last month won federal approval of an additional 35,000 visas for non-immigrant workers, but the timing couldn’t have been worse. Within days, the coronavirus pandemic began shutting down...

President Donald Trump speaks about the coronavirus in the Rose Garden of the White House, Tuesday, April 14, 2020, in Washington. (AP Photo/Alex Brandon)

New Trump advisory groups to consult on reopening US economy

Apr. 14, 2020 8:26 PM EDT

WASHINGTON (AP) — President Donald Trump said Tuesday that he's enlisting advisers from nearly all sectors of American commerce, the medical field and elected office to help shape his plans to reopen the coronavirus-battered economy. The panel of advisers, whom Trump said he will consult by phone, will...

FILE - In this Sunday, April 5, 2020 file photo, An envelope containing a 2020 census letter mailed to a U.S. resident is shown in Detroit. A top lawmaker says the Trump administration is seeking to delay deadlines for the 2020 census because of the coronavirus outbreak. U.S. Rep. Carolyn Maloney said Monday, April 13, 2020 that administration officials also were asking that the timetable for releasing apportionment and redistricting data used to draw congressional and legislative districts be pushed back. (AP Photo/Paul Sancya, File)

Officials want delay in nation's head count due to virus

Apr. 13, 2020 10:34 PM EDT

ORLANDO, Fla. (AP) — The U.S. Census Bureau wants to delay deadlines for the 2020 head count of all U.S. residents because of the coronavirus outbreak, a move that if approved by lawmakers would push back timetables for releasing data used to draw congressional and legislative districts, officials said...