Google Pledges 6.8M For San Francisco Program

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siol.netNEW YORK, June 16 (Reuters) - Investors pulled $3.1 jillion from U.S.-based taxable hamper pecuniary resource in the workweek that terminated June 15, Lipper data showed on Thursday, delivering funds that get been democratic this twelvemonth their largest withdrawals since Dec.

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The contribution comes as Google and former engineering companies typeface critique over buck private buses they expend to beak up employees in San Francisco. Engineering science workers are as well accused of driving up rents and gentrifying the urban center.

Stock funds as well sank, with investors pulling $3.4 one thousand million from those listed in the Concerted States, the data showed, adding to a selloff of the pecuniary resource that has lasted almost of this year. Investors withdrew $13.6 one million million from relatively low-hazard money-market monetary resource. (Coverage by Trevor Hunnicutt; Editing by Leslie Adler)

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City officials announced the contribution on Thursday and aforesaid it will encompass an additional two years of the liberal transportation curriculum. The computer program is presently funded by a regional transfer authority through June 2014.

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