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