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
It’s Your Money, Your Future—Own It (sponsor)
Are you ahead, or behind on retirement? For families with more than $500,000 saved for retirement, finding a financial advisor who puts your interest first can be the difference, and today it’s easier than ever. SmartAsset’s free tool matches you with up to three fiduciary financial advisors who serve your area in minutes. Each advisor has been carefully vetted and must act in your best interests. Start your search now.
If you’ve saved and built a substantial nest egg for you and your family, don’t delay; get started right here and help your retirement dreams become a retirement reality.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.