Reuters Money: Pimco's Gross says global economy has become increasingly unstable

	Click to View in Browser 09/5/2013 Pimco's Gross says global economy has become increasingly unstable NEW YORK (Reuters) - Pimco's Bill Gross, manager of the world's largest bond fund, said on Thursday that the global economy has become difficult to stabilize and that investors should seek safety in shorter-dated bonds and inflation-protected Treasuries. The unwelcome return of risk-on, risk-off (Reuters) - After ebbing for most of the year, correlations are creeping back into financial markets. Energy boom a windfall for U.S. family income: study NEW YORK (Reuters) - American families will earn more money in the coming years as dollars from the nation's oil and gas boom trickle down to the average person, consultants IHS said in a report released on Wednesday. U.S.-based bond mutual funds have $9.2 billion outflow: ICI NEW YORK (Reuters) - Investors in mutual funds based in the United States pulled roughly $9.2 billion from bond funds in the latest week, data from the Investment Company Institute showed Wednesday. Investors pull $7.7 billion from Pimco Total Return fund in August NEW YORK (Reuters) - Bill Gross's Pimco Total Return Fund, the world's largest bond fund, lost $41 billion of its assets in the past four months through withdrawals and price losses, according to data from Morningstar Inc on Wednesday. Goldman names head of venture capital coverage NEW YORK (Reuters) - Goldman Sachs Group Inc said on Wednesday it appointed senior banker Stuart Bernstein as head of its venture capital coverage group, as it seeks to generate more business in sectors such as telecommunications and clean technology. Commodities outperform stocks, bonds, dollar in August LONDON (Reuters) - Commodities outperformed equities, bonds and the dollar in August with a surge in metals and oil prices, following lackluster performance against other asset classes over the past two years. Protecting the pricey device your kid takes to school NEW YORK (Reuters) - In the couple of weeks since the Academy of Our Lady in Marrero, Louisiana, began its school year, three of the 450 students have already broken their school-issued iPads. Pension liability looms over U.S. states' economies: group WASHINGTON (Reuters) - Public pension liabilities in five U.S. states could represent more than 40 percent of their local economies, according to an analysis released on Tuesday by a conservative group that lowered the assumed rate of return for pensions' investments. U.S. banks turn to subprime auto loans as delinquencies fall (Reuters) - U.S. banks are making more of their car loans to subprime borrowers as delinquencies fall and as automobile manufacturers' finance subsidiaries draw the more-reliable customers, according to data released on Tuesday. Related Video The worst "best" financial advice Facial recognition brings new look to shopping Business News Wall Street opens flat, ISM data due U.S. private sector adds 176,000 jobs; jobless claims fall The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend