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News on Yacktman Svc Fund (YACKX)

Wednesday July 30th 2014

  

Latest news for Yacktman Svc(YACKX) (See analysis on YACKX)

Aggregared News for Yacktman Svc(YACKX) from various sources

Shrinking Alpha -  Yacktman Svc Fund (YACKX)Shrinking Alpha

Investing in Consistent Companies at the Right Price: A Wall Street Transcript Interview with Stephen Yacktman, Chief Investment Officer and Portfolio Manager of Yacktman Asset Management -  Yacktman Svc Fund (YACKX)Investing in Consistent Companies at the Right Price: A Wall Street Transcript Interview with Stephen Yacktman, Chief Investment Officer and Portfolio Manager of Yacktman Asset Management
[Wall Street Transcript] - 67 WALL STREET, New York - May 13, 2014 - The Wall Street Transcript has just published its Investing Strategies Report offering timely interviews with professional portfolio managers for serious investors. ...

AMG Adjusted Profit Rises 11% as Rally Boosts Assets -  Yacktman Svc Fund (YACKX)AMG Adjusted Profit Rises 11% as Rally Boosts Assets

[video] Tortoise vs. the hare investing -  Yacktman Svc Fund (YACKX)[video] Tortoise vs. the hare investing

For Best Rebalancing Results, Get Out Your Scalpel -  Yacktman Svc Fund (YACKX)For Best Rebalancing Results, Get Out Your Scalpel

Investments That Are Hard to Own but Worth It? Readers Share -  Yacktman Svc Fund (YACKX)Investments That Are Hard to Own but Worth It? Readers Share

Is Your Risk Tolerance at War With Your Risk Capacity? -  Yacktman Svc Fund (YACKX)Is Your Risk Tolerance at War With Your Risk Capacity?

Don't Let a Subpar 2013 Sour You on These Superior Funds -  Yacktman Svc Fund (YACKX)Don't Let a Subpar 2013 Sour You on These Superior Funds
[Morningstar] - Even Gold- and Silver-rated funds can have an off year.

As Markets Rise, Cautious Mutual Funds Sell Stocks -  Yacktman Svc Fund (YACKX)As Markets Rise, Cautious Mutual Funds Sell Stocks

A Checklist for Fund Investors -  Yacktman Svc Fund (YACKX)A Checklist for Fund Investors

  

  

Latest business news

Wednesday July 30th 2014: Latest financial news from the world

U.S. economy rebounds strongly in second quarter -  Yacktman Svc(YACKX) newsU.S. economy rebounds strongly in second quarter

A carpenter works on a new home at a residential construction site in the west side of the Las Vegas Valley in Las VegasBy Lucia Mutikani WASHINGTON (Reuters) - U.S. economic growth accelerated more than expected in the second quarter and the decline in output in the prior period was less steep than previously reported, which could bolster views for a stronger performance in the last six months of the year. The saving rate increased to 5.3 percent from 4.9 percent in the first quarter as incomes rose, which bodes well for future spending.



Futures up ahead of GDP data; Twitter soars in premarket -  Yacktman Svc(YACKX) newsFutures up ahead of GDP data; Twitter soars in premarket

The Twitter symbol is displayed at the post where the stock is traded on the floor of the New York Stock ExchangeBy Ryan Vlastelica NEW YORK (Reuters) - U.S. stock index futures rose on Wednesday as investors sought bargains following a period of weakness and looked ahead to data on economic growth and comments from the Federal Reserve following its latest policy meeting. U.S. second-quarter economic growth data will be released at 8:30 a.m. EDT, with GDP expected to have grown 3 percent. The July ADP National Employment report on private sector employment will be released a little earlier, at 8:15 a.m., and is expected to show 230,000 jobs created in the month, down from June's 281,000. Twitter Inc surged 27 percent to $49 in heavy premarket trading.



Carlyle's second-quarter earnings double -  Yacktman Svc(YACKX) newsCarlyle's second-quarter earnings double

A general view of the lobby outside of the Carlyle Group offices in Washington(Reuters) - Carlyle Group LP said Wednesday its second-quarter earnings doubled from a year earlier as it continued to sell parts of its private equity portfolio and one of its European buyout funds started paying performance fees. Yet private equity dominated its income, accounting for 32 percent of assets under management but 65 percent of its earnings in the quarter. Carlyle's private equity fund portfolio appreciated by 5 percent in the quarter, in line with rival KKR & Co LP's funds, but less than the private equity portfolio of Blackstone Group LP , which rose by 8.4 percent.



Exclusive: Upstart trading venue IEX may prompt U.S. market rule change -  Yacktman Svc(YACKX) newsExclusive: Upstart trading venue IEX may prompt U.S. market rule change

Traders work on the floor of the New York Stock Exchange shortly after the market's opening in New YorkBy John McCrank NEW YORK (Reuters) - U.S regulators may relax rules that require the fastest possible execution of securities trades, potentially helping upstart trading venue IEX Group's plans to become a full-fledged stock exchange. IEX, described in author Michael Lewis' book "Flash Boys: A Wall Street Revolt" earlier this year as a place for investors to place buy and sell orders without worrying that they are being "front-run" by other traders whose order transmission speeds are faster than theirs. IEX has put in place a "speed bump" – delaying incoming orders by 350 millionths of a second, or a thousandth of the time it takes to blink -- on its trading venue, letting it update prices faster than the fastest market participants can calculate them, so that high-frequency trading firms cannot use their speed advantage to front-run others. The strategy has proved popular with investors, who have made IEX the 7th most used alternative trading system in the U.S. for the week of July 7, according to data from the Financial Industry Regulatory Authority.



Argentine debt talks go down to the wire to avert default -  Yacktman Svc(YACKX) newsArgentine debt talks go down to the wire to avert default

Argentina's President Cristina Fernandez arrives at a Mercosur summit in CaracasBy Richard Lough BUENOS AIRES (Reuters) - Argentina faced a race against on time on Wednesday to avert its second default in 12 years, needing either to cut a deal by the end of the day with "holdout" investors suing it or to win more time from a U.S. court to reach a settlement. Argentine Economy Minister Axel Kicillof hurried to New York on Tuesday to join last-ditch negotiations, holding the first face-to-face talks with the principals of New York hedge funds who demand full repayment on bonds they bought at a discounted rate after the country defaulted in 2002. Argentina has until the end of Wednesday to break the deadlock. If it fails, U.S. District Judge Thomas Griesa will prevent Argentina from making a July 30 deadline for a coupon payment on exchanged bonds.



Sprint first-quarter revs top estimate as network upgrade progresses -  Yacktman Svc(YACKX) newsSprint first-quarter revs top estimate as network upgrade progresses

People talk on their cell phones as passers-by walk past a Sprint store in New YorkBy Marina Lopes WASHINGTON (Reuters) - Sprint Corp reported higher-than-expected first-quarter revenue on Wednesday, as the company expanded its high-speed coverage and came closer to completing a network upgrade that had caused a massive drop in customers. The company, 80 percent owned by Japan's SoftBank Corp , posted a profit of $23 million, or 1 cent a share, in the quarter, reversing a loss of $1.6 billion, or 53 cents a share, a year earlier.



Thomson Reuters reports rise in revenue, profit -  Yacktman Svc(YACKX) newsThomson Reuters reports rise in revenue, profit

The Thomson Reuters logo inside lobby of company building in Times Square, New York(Reuters) - Thomson Reuters Corp on Wednesday reported a higher-than-expected profit on a 1 percent rise in revenue on growth in its Legal and Tax & Accounting divisions. Analysts on average were expecting 46 cents per share, according to Thomson Reuters I/B/E/S. "Our second-quarter results build upon the good start to the year and are consistent with our full-year expectations," Chief Executive Officer Jim Smith said in a statement.



Two former senior Murdoch editors charged over UK phone-hacking -  Yacktman Svc(YACKX) newsTwo former senior Murdoch editors charged over UK phone-hacking

A man passes a sign outside the News International Limited complex, in LondonTwo more senior journalists from Rupert Murdoch's defunct British tabloid the News of the World have been charged with phone-hacking, prosecutors said on Wednesday, weeks after the paper's former editor was jailed for the crime. Neil Wallis, the paper's former deputy editor, and former features editor Jules Stenson, have been charged with conspiracy to intercept voicemails on mobile phones of well-known figures or people close to them, the Crown Prosecution Service said. Andy Coulson, who edited the paper from 2003 until 2007 before working as Prime Minister David Cameron's media chief, was jailed on July 4 for 18 months for encouraging staff to hack phones in a bid to get exclusive stories. Outrage at the paper's activities forced Murdoch to close the paper in 2011 when the scale of the crimes came to light, since when dozens of reporters from his British tabloids have been arrested over allegations of criminal activity.



China July official PMI seen hitting eight-month high -  Yacktman Svc(YACKX) newsChina July official PMI seen hitting eight-month high

Workers install the chassis along a production line at a truck factory of Anhui Jianghuai Automobile Co. Ltd (JAC Motors) in HefeiActivity in China's vast factory sector likely expanded at the fastest pace in eight months in July, a Reuters poll showed on Wednesday, adding to evidence that the economy is regaining momentum after a burst of government stimulus measures. China's official manufacturing purchasing managers' index (PMI) is expected to rise to 51.4 in July, up from June's 51, according to the median forecast of 24 economists in a poll.



Euro zone sentiment improves, overcoming Ukraine crisis concern -  Yacktman Svc(YACKX) newsEuro zone sentiment improves, overcoming Ukraine crisis concern

A woman walks past a shop window in downtown RomeBy Martin Santa BRUSSELS (Reuters) - Euro zone economic sentiment unexpectedly improved in July despite the deepening crisis between the West and Russia over Ukraine, data showed on Wednesday, and inflation expectations among consumers and companies edged up. Consumer morale rose in three of the euro zone's five biggest economies, led by Italy and followed by France and the Netherlands, while the bloc's growth engine Germany and Spain saw sentiment worsening. The monthly economic sentiment index for the 18 countries sharing the euro rose to 102.2 in July from a revised 102.1 in June. Europe, following months of hesitations, agreed on Tuesday to broad economic sanctions on Russia - its third-biggest trading partner - targeting Moscow's energy, banking and defence sectors over Moscow's support for rebels in eastern Ukraine.



As Fed meets, key issues likely to stay unanswered -  Yacktman Svc(YACKX) newsAs Fed meets, key issues likely to stay unanswered
WASHINGTON (AP) — The Federal Reserve will likely end a policy meeting Wednesday with a lot of questions unanswered:
Small cars fare poorly in crash tests -  Yacktman Svc(YACKX) newsSmall cars fare poorly in crash tests
DETROIT (AP) — The four-door Mini Cooper Countryman was the only one of 12 cars to earn a top rating of "good" in new frontal crash tests.
Amazon to invest $2 bln to expand in India -  Yacktman Svc(YACKX) newsAmazon to invest $2 bln to expand in India

The Amazon logo is seen on a podium during a press conference in New York, on September 28, 2011MUMBAI, India (AP) — The world's largest online retailer is facing off in India against a new name in e-commerce that was founded by former Amazon employees.



Europe shares drift ahead of US data; Asia gains -  Yacktman Svc(YACKX) newsEurope shares drift ahead of US data; Asia gains

Trader James Dresch, right, works on the floor of the New York Stock Exchange, Monday, June 30, 2014. European stocks were lower Wednesday July 30, 2014 ahead of U.S. economic data while cheery earnings from major Japanese companies such as Honda Motor Co. boosted Asian markets.(AP Photo/Richard Drew)TOKYO (AP) — World markets were mostly higher Wednesday ahead of U.S. economic data, while cheery earnings from major Japanese companies such as Honda Motor Co. boosted Asian stocks.



Russia counts cost of new US, EU sanctions -  Yacktman Svc(YACKX) newsRussia counts cost of new US, EU sanctions

In this Wednesday, July 16, 2014 file photo, Russia's President Vladimir Putin he arrives for an official group photo during the BRICS summit at the Itamaraty palace, in Brasilia, Brazil. Frustrated by the apparent ineffectiveness of previous sanctions and outraged by the deaths of 298 people aboard the Malaysia Airlines plane downed over eastern Ukraine, the European Union adopted tough new economic sanctions against Russia on Tuesday, July 29, 2014 EU officials and diplomats said. The measures, which were prepared in coordination with the United States, include an arms embargo, and a ban on the sale of dual use and sensitive technologies, such as advanced energy technology equipment relevant for deep sea and Arctic drilling. Such equipment will now be subject to prior approval by competent national authorities, an EU official said. Under the financial sanctions, Russian state-owned banks will be banned from selling bonds or equities with a maturity of over 90 days in European capital markets, the sources said, speaking on condition of anonymity because they were not authorized to make public statements. The ambassadors also added eight names to the list of people subject to EU-wide asset freezes and travel bans, including four people close to Russian President Vladimir Putin, the EU official said. (AP Photo/Felipe Dana, File )MOSCOW (AP) — Russia was counting the potential cost of Western sanctions targeting its key energy and finance sectors on Wednesday, with the central bank promising to support lenders hit with penalties.



Toyota remains at top in sales after first half -  Yacktman Svc(YACKX) newsToyota remains at top in sales after first half

A worker cleans an IQ compact car at a Toyota showroom in Tokyo, Wednesday, July 30, 2014. Toyota remains No. 1 in global vehicles sales after the first six months of this year, followed by Volkswagen which bumped General Motors out of second place as the U.S. automaker grapples with a recall scandal. (AP Photo/Eugene Hoshiko)TOKYO (AP) — Toyota remains No. 1 in global vehicles sales after the first six months of this year, followed by Volkswagen which bumped General Motors out of second place as the U.S. automaker grapples with a recall scandal.



US economy likely showed big rebound last quarter -  Yacktman Svc(YACKX) newsUS economy likely showed big rebound last quarter

In this July 17, 2014 photo, construction workers build a commercial complex in Springfield, Ill. The government issues its first of three estimates of how fast the U.S. economy grew in the April-June quarter on Wednesday, July 30, 2014. (AP Photo/Seth Perlman)WASHINGTON (AP) — After a dismal start to the year reflecting a harsh winter, the U.S. economy showed signs of rebounding in the spring, with many forecasters expecting growth to be even stronger in the second half of the year.



Microsoft spreads Cortana abroad in Windows Phone -  Yacktman Svc(YACKX) newsMicrosoft spreads Cortana abroad in Windows Phone
LOS ANGELES (AP) — Microsoft is spreading its Cortana digital assistant abroad, starting with China and the U.K.
Russia's central bank supports sanctions targets -  Yacktman Svc(YACKX) newsRussia's central bank supports sanctions targets

President Barack Obama speaks on the South Lawn of the White House in Washington, Tuesday, July 29, 2014, as he announces new economic sanctions against key sectors of the Russian economy in the latest move to force Russian President Vladimir Putin to end his support for Ukrainian rebels. (AP Photo/Manuel Balce Ceneta)MOSCOW (AP) — Russia's central bank promised to support financial institutions hit by U.S. sanctions as stocks took a tumble in Moscow on Wednesday.



Processing issue delays bar exam submissions -  Yacktman Svc(YACKX) newsProcessing issue delays bar exam submissions
DALLAS (AP) — Florida-based testing software provider ExamSoft Worldwide Inc. said a processing issue has caused delays for bar exam takers in multiple states who were submitting their answers.
Top 10 YouTube Channels for Leaders -  Yacktman Svc(YACKX) newsTop 10 YouTube Channels for Leaders

Top 10 YouTube Channels for LeadersWith over 6 billion hours of video and thousands of channels, YouTube has something for everyone -- even for those of us who want to become better leaders.Over the last year I've subscribed to a number of YouTube channels that have consistently helped me identify new trends, understand best practices, and spot high-impact opportunities.Here is...



The Agility Factor -  Yacktman Svc(YACKX) newsThe Agility Factor

The Agility FactorThe Beatles' Sergeant Pepper's Lonely Hearts Club Band changed the way people think about music; it is regarded as one of the most pivotal music releases of all time. Pop star Phil Collins said that it opened a door and showed people a new room.But the door had already been opened for the Beatles. Paul McCartney said that the single biggest...



It's Time to Quit -  Yacktman Svc(YACKX) newsIt's Time to Quit

It's Time to QuitI know. Reading the title of this post makes you uncomfortable, right? It made me uncomfortable to write it. In the business world we are constantly told to keep going, keep pushing, don't quit. It's like a mantra now, "Never surrender, never give up!" And you know what? They're right... until they're wrong. Wait. What?I've been in the...



Develop an Acute Ability to Listen -  Yacktman Svc(YACKX) newsDevelop an Acute Ability to Listen

Develop an Acute Ability to ListenWhat if your point of difference was an acute ability to listen?What would that look like?It always amazes me how many people cut me off mid-sentence, and don't even let me get my answer out, after they ask me a direct question.Yes, I recognize listening alone may not set you apart from the competition. From my experience, you may win more...



The Conspiracy of Empathy: Why Some Organizations Thrive When Others Don't -  Yacktman Svc(YACKX) newsThe Conspiracy of Empathy: Why Some Organizations Thrive When Others Don't
It is inevitable that every company, industry and even government will meet a crisis at some stage in their life cycle. For those organizations that succeed, is there a common thread for thriving beyond the crisis? Why do some organizations entrench themselves until there is no way out? What is the difference?There is one persistent theme in...
Joint Venture: Business Agreement for International Trade -  Yacktman Svc(YACKX) newsJoint Venture: Business Agreement for International Trade

Joint Venture: Business Agreement for International TradeInternationalization brings indubitable advantages to companies in terms of profitability, performance, commercial growth, finance, human resources, corporate image, risk diversification, etc. hard to cope with alone for a SME given its limited resources and capabilities (EU Commission, 2007).Thus, companies may opt for an internationalization...



5 Truths No One Tells You About Starting a Business -  Yacktman Svc(YACKX) news5 Truths No One Tells You About Starting a Business

5 Truths No One Tells You About Starting a BusinessIf you're reading this, let me start by saying congrats for thinking about starting your own business. We need more people creating great things, changing the world and helping the economy. I wish I had read an article like this before I'd started. The more prepared you are for the bumps in the road, the more you can take them in stride. Go get...



Start Early to Be an Entrepreneur -  Yacktman Svc(YACKX) newsStart Early to Be an Entrepreneur

Start Early to Be an Entrepreneur"The secret of getting ahead is getting started." -- Mark TwainJuly is the month when NFL football teams open their preseason training camps. Hundreds of young men compete for coveted roster spots, and it's safe to say most started playing football back in grade school. The value of this early exposure is also true for elite athletes in any...



#AOLBUILD Meets Alexa Von Tobel, Founder and CEO of LearnVest.com -  Yacktman Svc(YACKX) news#AOLBUILD Meets Alexa Von Tobel, Founder and CEO of LearnVest.com
HPLEmbed.load({ targetId: 'HPLContent', app: 'hplive_player', width: '640px', height: '360px', streamType: 'live', autoPlay: 'true',playButtonOverlay: 'true', thumbnail: '', sources: { 'video/hds':...
Bolster Your Career With Service (Part 1) -  Yacktman Svc(YACKX) newsBolster Your Career With Service (Part 1)

Bolster Your Career With Service (Part 1)I write and speak frequently about the personal benefits of serving others, in fact it's one of my favorite things to examine and discuss. Not because I think we should all be selfish, but because I try to embrace things that can help me learn, grow and become the person I am meant to be. And, it's my hope that others feel the same way. After...



The Plotinus Principle? -  Yacktman Svc(YACKX) newsThe Plotinus Principle?
It's just possible that I have found a source of insight comparable to that from Vilfredo Pareto, the 19th-century economist who inspired the 80/20 principle. My new friend is Plotinus, a philosopher who was born in 205 AD, studied in Alexandria, joined the army on an ill-fated expedition to India -- because he wanted to study there -- and...
Authenticity Offers Its Own Beauty -  Yacktman Svc(YACKX) newsAuthenticity Offers Its Own Beauty

Authenticity Offers Its Own BeautyAuthenticity is what turns a pretty picture into a priceless work of art. Likewise it is what people look for -- or should -- in their personal relationships.I believe this holds true for our relationships with businesses as well; whether as consumers or employees, members of the community, or investors. It is time that we put an end to...



Are You Starting a Business for All the Wrong Reasons? -  Yacktman Svc(YACKX) newsAre You Starting a Business for All the Wrong Reasons?

Are You Starting a Business for All the Wrong Reasons?If you're reading this article, chances are you have some sort of connection to the entrepreneur community. Maybe, just maybe, you're even an entrepreneur yourself, aspiring or established. You're looking for food for thought on how to get your business off the ground, and then keep it afloat. If that's the case, here's something to consider:...



How Do We Succeed and Manage Fresh Opportunities? -  Yacktman Svc(YACKX) newsHow Do We Succeed and Manage Fresh Opportunities?

How Do We Succeed and Manage Fresh Opportunities?History records that when Jackie Robinson, an African-American, a black man was going to be hired to play for the Brooklyn Dodgers on April 15, 1947 by its President Branch Rickey in a time when baseball was a major league sport played by white men, it was a risk that could revolutionize the sport forever but could also sparse very easily more...



Women and Business: When Lean UX Becomes Mean UX -  Yacktman Svc(YACKX) newsWomen and Business: When Lean UX Becomes Mean UX
This week I gave a talk about the principles of lean agency for the Agile community. Despite what Jeff Gothelf proposes in Lean UX, I argued that user experience (UX) agencies can be lean. My final point turned out to be a doozy and angered two senior UX colleagues employed by the event's host. Here's a quick breakdown of my key...
Speaking For Dough -  Yacktman Svc(YACKX) newsSpeaking For Dough

Speaking For DoughI will never forget the first time I spoke on stage. I was so nervous. My biggest source of worry was "what will everyone think of me?" After all I was in my early 30's and most of the folks in the audience had been in business far longer than I. This trend continued for many years. Me speaking to folks who had more business experience and me...



Yes, Actually, You Are in Control -  Yacktman Svc(YACKX) newsYes, Actually, You Are in Control
Here I am staring at an email in my inbox. A response to my request, one I thought more a formality than a requirement. I sat shocked, reading that my request, albeit not rudely, was denied. My temper started to rise. Emotions roiled. "What? How dare they do this to me! They just don't understand!" Then, I stopped. The reality hit me, full...
Twitter Is Still the Best Water Cooler Ever for Brands -  Yacktman Svc(YACKX) newsTwitter Is Still the Best Water Cooler Ever for Brands

Twitter Is Still the Best Water Cooler Ever for BrandsTwitter is an essential platform for businesses marketing to other businesses and it's morphing quickly to a direct response "buy it now" platform functionality like Pinterest and Facebook. I anticipate "social selling" will accelerate moving forward, as social platforms embrace mobile enabled direct commerce and marketers pour more money into...



7 Steps to Ease Into Meditation -  Yacktman Svc(YACKX) news7 Steps to Ease Into Meditation

7 Steps to Ease Into MeditationAs a business owner, mom of two, wife, speaker, and consultant, managing each day effectively can be a challenge. I am sure I don't have to tell you. You know. My mind, like yours, is often filled with to-do lists, schedules, and responsibilities. It's easy to feel overwhelmed sometimes, but my secret to mental serenity in the face of a harried...



Entrepreneurs Today Don't Need a Big Budget to Start -  Yacktman Svc(YACKX) newsEntrepreneurs Today Don't Need a Big Budget to Start
It wasn't so many years ago that starting a new e-commerce business on the Internet was a complex custom development project, usually costing a million dollars or more. Now you can do it for free, or a few hundred dollars, with one of the many web building tools available, like Shopify or Weebly Store. A programmer can build a new smartphone...

  

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