Reuters Money: Investors yank $11 billion from Pimco U.S. mutual funds in August: Morningstar

	Click to View in Browser 09/9/2013 Investors yank $11 billion from Pimco U.S. mutual funds in August: Morningstar NEW YORK (Reuters) - Pimco, manager of the world's largest bond fund, had outflows of $11 billion from its U.S. mutual funds in August, marking the second-biggest monthly withdrawals on record as a selloff in the bond market continued, Morningstar data showed on Friday. Big reinsurers shrug off competition from pension funds FRANKFURT/ZURICH (Reuters) - The world's top reinsurers have shrugged off a growing incursion by pension funds into their business, saying the competition was narrowly focused and possibly of limited duration. India, Rajan and the Great Man fallacy: James Saft (Reuters) - Enthusiasm for new Indian central bank head Raghuram Rajan is understandable, but blind faith in him is misplaced. Stock funds worldwide have $11.4 billion outflow in week: Bank of America NEW YORK (Reuters) - Investors pulled $11.4 billion out of stock funds worldwide in the latest week, marking the third straight week of outflows despite a rise in U.S. stocks, data from a Bank of America Merrill Lynch Global Research report showed on Friday. Global economy has become increasingly unstable: Pimco's Gross NEW YORK (Reuters) - Pimco's Bill Gross, manager of the world's largest bond fund, said on Thursday the global economy has become difficult to stabilize and that investors should seek safety in shorter-dated bonds and inflation-protected Treasuries. Financial gurus reminisce about first jobs NEW YORK (Reuters) - When some veterans of American finance told Reuters about their first jobs, they never expected it to become an Internet meme. U.S. moves to expand business R&D tax break WASHINGTON (Reuters) - Think you have a new way of making wine? There could be research tax breaks for that. Short-sell hedge funds count cost as M&A picks up PARIS/LONDON (Reuters) - Hedge funds circling the stock of vulnerable companies got an expensive wake-up call this week with Nokia's dramatic exit from commercial purgatory, prompting many to reassess their targets. 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. Related Video The worst "best" financial advice Facial recognition brings new look to shopping Business News Wall Street to open higher on China data; Syria curbs gains Koch Industries to buy Molex for $7.2 billion 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