Commerce Secretary Ross to Sell All Stocks After Ethics Office Warning

By Bill Allison (Bloomberg) -- U.S. Commerce Secretary Wilbur Ross said Thursday that he would divest all his remaining equity holdings after the government’s top ethics watchdog said his failure to sell off assets that could pose a conflict of interest “created the potential for a serious criminal violation.” In his ethics agreement, Ross, a New York businessman, … [Read more...]

Commerce Secretary Wilbur Ross Defends Navigator Holdings Sale

By Terrence Dopp (Bloomberg) -- U.S. Commerce Secretary Wilbur Ross said his personal sale of stock in a shipping company days before news organizations revealed it was linked to close associates of Vladimir Putin was proper and was not a traditional short sale. Ross, who wasn’t required to divest his holdings in shipping companies, sold shares of Navigator Holdings Ltd. on … [Read more...]

Commerce Secretary Wilbur Ross Denies Insider Trading in Short Sale of Russia-Linked Shipping Company

By Bill Allison (Bloomberg) -- Commerce Secretary Wilbur Ross denied that he engaged in insider trading when he short sold stock of a shipping company a few days before news organizations revealed it was linked to close associates of Vladimir Putin. Ross, who wasn’t required to divest his holdings in shipping companies, shorted stock in Navigator Holdings Ltd. on Oct. 31, a … [Read more...]

Commerce Secretary Wilbur Ross Short Sale of Kremlin-Linked Shipping Firm Navigator Holdings Wins Ethics Approval

Update: Wilbur Ross Denies Insider Trading in Short Sale of Russia-Linked Navigator Holdings By Bill Allison (Bloomberg) -- Commerce Secretary Wilbur Ross received approval from the top federal ethics agency for short selling the stock of a shipping company linked to close associates of Vladimir Putin. The review by the Office of Government Ethics was to … [Read more...]

U.S. Commerce Secretary Wilbur Ross to China: Import More U.S. Gas to Cut Trade Gap

By Ryan Collins, Scarlet Fu and Julia Chatterley (Bloomberg) -- What would it take for China to reduce its trade gap with the U.S.? Buy more natural gas, for a start, says Secretary of Commerce Wilbur Ross. Diverting its purchases from other countries to America would be the “simplest” solution, Ross said during an interview with Bloomberg TV after President Donald Trump … [Read more...]