Skittish investors pull more than $20 billion from stocks, rush into bonds: BAML

Skittish investors pull more than $20 billion from stocks, rush into bonds: BAML
LONDON (Reuters) – Global equity funds saw massive outflows this week, a sharp reversal from last week’s inflows as pessimism over economic growth gripped investors once again, driving them instead to search for yield in credit and buy safer assets like bonds. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S.,... Read More

Pinterest steps up planning for IPO, aims to list shares on NYSE in April: WSJ

Pinterest steps up planning for IPO, aims to list shares on NYSE in April: WSJ
FILE PHOTO: A portrait of the Pinterest logo in Ventura, California December 21, 2013. REUTERS/Eric Thayer (Reuters) – Image-search company Pinterest Inc has sped up the timing of its initial public offering, as it looks to tap into a red-hot market for new issues, the Wall Street Journal reported, citing people familiar with the matter. The company is preparing to... Read More

Wall St. set for weaker open as global growth concerns weigh

Wall St. set for weaker open as global growth concerns weigh
(Reuters) – Wall Street’s main indexes were set to open lower on Friday after downbeat German data exacerbated fears of a slowdown in global growth following an abrupt dovish turn by the Federal Reserve earlier this week. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) after the opening bell in New York, U.S., March... Read More

Apple’s iPhone struggles unravel ambitions of Japan Display

Apple’s iPhone struggles unravel ambitions of Japan Display
TOKYO (Reuters) – When Japan Display Inc broke ground on a new factory in central Japan in 2015, the future looked bright for one of the world’s top vendors of liquid crystal display (LCD) panels. Japan Display Inc’s logo is pictured at its headquarters in Tokyo, Japan, August 9, 2016. REUTERS/Kim Kyung-Hoon The plant would strengthen the company’s position as... Read More

U.S. fund Elliott suffers crushing defeat in Hyundai proxy vote

U.S. fund Elliott suffers crushing defeat in Hyundai proxy vote
SEOUL (Reuters) – Investors in Hyundai Motor Group companies rejected on Friday Elliott Management’s demands for a massive special dividend and board seats, dealing a blow to the U.S. hedge fund’s campaign to shake up South Korea’s second-biggest family-run conglomerate. Employees of Hyundai Motor Group attend the company’s new year ceremony in Seoul, South Korea, January 2, 2019. REUTERS/Kim Hong-Ji... Read More

NYSE wins Uber, Pinterest listings: sources

NYSE wins Uber, Pinterest listings: sources
NEW YORK (Reuters) – Uber Technologies Inc and Pinterest, two of the highest profile internet companies planning to go public this year, have picked the New York Stock Exchange as the venue for their stock listings, according to sources familiar with the matter. FILE PHOTO: A Pinterest banner hangs on the facade of the New York Stock Exchange (NYSE) in... Read More