According to Reuters, the four largest players in global financial markets have grown at a breakneck pace in the last six years, and the assets they manage are expected to double to $20.7 trillion by 2012. The are petrodollar investors, Asian central banks, hedge funds and private equity firms.
Reuters reports that Brazil is the most expensive place to buy an Apple (AAPL) iPod and Hong Kong is the cheapest.
Reurters writes that several large investor have lost confidence in the CEO of Sprint (S).
The Wall Street Journal said Qualcomm (QCOM) tried to explain to a court why it did not turn over 300,000 pages of documents that had been requested.
The Wall Street Journal writes that Disney (DIS) is looking at Hawaii for a niche resort.
The New York Times writes that lawsuits over patents for heart stents may effect billions of dollars in profits for major medical companies.
The FT says that Citi (C) is in talks with KKR about selling some of the bank’s leveraged loans.
Barron’s writes that shares in Echostar (DISH) rose on rumors of an AT&T (T) buy-out.
Barron’s writes that shares in Circuit City (CC) rose on the rumors of a Sears (SHLD) buy-out.
Douglas A. McIntyre
Credit Card Companies Are Doing Something Nuts
Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.
It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.
We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
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