PRESS DIGEST - Wall Street Journal - May 26
May 26 The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.
OSLO Aug 21 Norway's $750 billion sovereign wealth fund can once again invest in Africa Israel Investments and its subsidiary, construction firm Danya Cebus , the Norwegian finance ministry said on Wednesday.
The firms were excluded from the fund, the world's largest, in 2010 on the recommendation of its ethics council as they were involved in the building of Israeli settlements in the West Bank.
A recent review revealed the firms and their subsidiaries were no longer involved in the construction of settlements in the West Bank and they had no plans for such activities in future, the finance ministry said in a statement.
(Adds details on mutual funds and ETFs, analyst quote, table, byline) By Trevor Hunnicutt NEW YORK, May 25 U.S. fund investors offered a skeptical perspective on sky-high equity prices, yanking cash from U.S.-based stock funds for the fourth straight week, Lipper data showed on Thursday. The funds recorded $10.1 billion in withdrawals during the week that ended May 24, the second-largest outflows of the year, offering little support to an equity market that has nonethele
NEW YORK, May 25 A San Francisco investment fund manager pleaded guilty on Thursday to conspiring to defraud investors by fabricating an impressive investing track record, New York federal prosecutors announced.