News on Yacktman Svc Fund (YACKX)Friday October 31st 2014
Latest news for Yacktman Svc(YACKX) (See analysis on YACKX)
Aggregared News for Yacktman Svc(YACKX) from various sourcesShrinking 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
[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. ...
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Latest business news
Friday October 31st 2014: Latest financial news from the worldFutures rally after BOJ ramps up stimulus
By Rodrigo Campos NEW YORK (Reuters) - U.S. stock index futures rallied on Friday alongside most markets globally after the Bank of Japan significantly ramped up its stimulus program just days after the U.S. Federal Reserve wound down its own package of economic incentives. If futures' gains hold after the open, the S&P 500 will test its record high set more than a month ago. The BOJ's board voted 5-4 to accelerate purchases of Japanese government bonds while tripling its purchases of exchange-traded funds and real-estate investment trusts. At the same time, Japan's $1. ...
U.S. consumer spending weakest in eight months, savings jump
WASHINGTON, (Reuters) - U.S. consumer spending fell in September for the first time in eight months, suggesting the economy lost some momentum heading into the fourth quarter. The Commerce Department said on Friday consumer spending declined 0.2 percent last month as demand for goods tumbled and services barely rose. Spending had increased by an unrevised 0.5 percent in August. Economists polled by Reuters had expected consumer spending, which accounts for more than two-thirds of U.S. economic activity, to increase 0.1 percent in September. When adjusted for inflation, consumer spending fell ...
Exxon quarterly profit rises 3 percent on refining
(Reuters) - Exxon Mobil Corp , the world's largest publicly traded oil company, on Friday reported a 3 percent increase in quarterly profit on higher results in its refining and chemicals businesses. Profit in the third quarter rose to $8.07 billion, or $1.89 per share, from $7.87 billion, or $1.79 per share in the year-ago period. Oil and gas production fell 4.7 percent, the Irving, Texas company said. (Reporting by Anna Driver)
Wal-Mart to expand discounts as retail price war heats up
(Reuters) - Wal-Mart Stores Inc said it will expand its offering of discounted products during the holiday season and may broaden a price-matching scheme to include online rivals, in the latest sign of an escalating price war among big U.S. retailers. Wal-Mart said it was bracing for competition to be as tough or tougher than in 2013, when heavy discounting depressed earnings across the industry. Wal-Mart's profits dropped in the holiday quarter last year and it has posted six straight quarters of flat or declining same-store sales. ...
Argentina default spreads to Par bonds, raising acceleration risk
By Sarah Marsh and Daniel Bases BUENOS AIRES/NEW YORK (Reuters) - Argentina's debt default spread to its Par bonds on Friday after the country failed to complete an interest payment, raising the risk that creditors could demand that its cash-strapped government immediately repay all of its debt. The country last month deposited a $161 million payment with a newly appointed local trustee to try to circumvent U.S. court orders for it to settle with "holdout" investors suing for full repayment of bonds from a 2002 default before paying debtholders who accepted a restructuring. ...
Japan's central bank shocks markets with more easing as inflation slows
By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) - The Bank of Japan shocked global financial markets on Friday by expanding its massive stimulus spending in a stark admission that economic growth and inflation have not picked up as much as expected after a sales tax hike in April. BOJ Governor Haruhiko Kuroda portrayed the board's tightly-split decision to buy more assets as a preemptive strike to keep policy on track, rather than an admission that his plan to reflate the long moribund-economy had derailed. ...
Italy says private capital will meet Monte Paschi, Carige needs
ROME (Reuters) - Banca Monte dei Paschi di Siena and Carige will make up the capital shortfalls revealed in the ECB stress tests through private sector financing, Italian Economy Minister Pier Carlo Padoan said on Friday. "The remaining capital needs of our banking system will be filled through the mobilization of private resources," Padoan said in a speech at a conference in Rome. He made no comment on the status of repayments of existing state aid offered to Monte dei Paschi in a previous bailout. ...
Trial of former UBS executive dredges up Swiss banks' shady past
By Francisco Alvarado, Zachary Fagenson and Joshua Franklin FORT LAUDERDALE Fla./ZURICH (Reuters) - From bundles of cash inside scraps of newspaper to setting up shell companies, the trial in Florida of a former UBS executive is a reminder of the extreme methods some Swiss bankers used to hide clients' cash. Raoul Weil, 54, is the highest ranking Swiss banker to be arrested in the United States and prosecutors are seeking to paint him as a facilitator of efforts that helped conceal up to $20 billion in taxpayers' assets in secret offshore accounts. ...
Euro zone inflation edges up to dim chance of new ECB action
By Robert-Jan Bartunek BRUSSELS (Reuters) - Inflation in the 18 countries sharing the euro edged up slightly in October, reinforcing the view that the European Central Bank will hold fire on any additional policy action at its meeting next week. A first estimate on Friday from the European Union's statistics office showed consumer prices in the euro zone rose by 0.4 percent in October, in line with market expectations. A day earlier, German data showed inflation in Europe's largest economy slowing in October to 0.7 percent, its lowest reading since May. ...
BNP shakes off impact of U.S. fine, returns to profit
By Maya Nikolaeva and Matthias Blamont PARIS (Reuters) - France's No. 1 bank BNP Paribas returned to net profit in the third quarter, recovering from a costly U.S. legal settlement to publish what it called a "rock solid" balance sheet, sending its shares up over 4 percent. BNP -- battling to restore investor and client confidence after a $8.9 billion fine from U.S. authorities -- reshuffled its top ranks in the quarter to tighten controls. It said veteran adviser and trouble-shooter Jean Lemierre would become chairman in December. The bank settled with U.S. ...
US stocks are mixed in midday trading
NEW YORK (AP) — U.S. stocks drifted in Thursday trading as a parade of big companies turn in quarterly results. The Dow Jones industrial average climbed more than 100 points, almost entirely thanks to a strong gain for Visa, the Dow's highest-priced stock.
US stocks are mixed in early trading
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Nikkei Soars As Bank Of Japan Announces Unexpected Stimulus Measures
TOKYO (AP) — Japan's central bank expanded its asset purchases in a surprise move Friday to shore up sagging growth in the world's No. 3 economy.The Bank of Japan said it would increase its purchases of government bonds and other assets by between 10 trillion yen and 20 trillion yen ($91 billion to $181 billion) to about 80 trillion yen ($725...
Google to pay fine for showing woman's cleavage on Street View
Bethesda confirms Prey 2 cancelled
Etsy competitor Minted hopes it has an indie artist for you
Tomorrow Daily 078: A haunted ad, the zombie-proof bicycle, emergency drones, and more
On today's show, we're gearing up to celebrate Halloween, so we showed up in costume and talked about haunted advertisements, a bike prepared for the zombie apocalypse, and a drone made for emergencies.>
Android co-founder Rubin leaving Google to lead startup incubator
T-Pain goes Auto-Tune-free and it sounds beautiful
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7 Ways For Women to Win and Succeed in Business
1.You Can't Do Or Have It . One of the downfall of many business and professional women is the "Superwoman Complex." Once you hang up the Superwoman cape and the Wonderwoman belt and recognize and accept this fact, your job will get a whole lot easier. Every successful person needs a dedicated support team or at the very least a wing man or...
Invention lets newborns in incubators feel mom's heartbeat
At $400, this compact Sound Blaster X7 amplifier aims to shatter any audiophile's expectations
Using Google Alerts for Brand Monitoring and Competitive Intelligence
In today's modern spy vs. spy world there is no better 1.0 tool than Google Alerts - the Swiss Army Knife for content sourcing, spying on competitors and monitoring your own brand. You should to do more. But, this is a good place to start and you're putting in a crude digital infrastructure that can be built on downstream. Setting up an alert...
Microsoft and Nintendo jump into health tech
Green Car of the Year finalists head to Los Angeles
'Wasting time on the Internet' is a real Ivy League college class
Google tries injecting new life into browser bookmarks
The 404 Show 1,573: Microsoft Band hands on, Nintendo sleep tracker (podcast)
Scott Stein is in the studio with a brand new Microsoft Band. We'll play around with it and see if it fills any of the voids that plague current wearables. We'll also give impressions of the Nexus 6, 9 and Player and discuss Nintendo's "quality of life" campaign that involves its own sleep tracker.>
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3 Misconceptions About Your Company's HR Professionals
There are numerous misconceptions about the human resources function. Many employees do not fully understand the obligations, influence and benefits of HR professionals. I know this firsthand, because throughout my career, I have been in situations where I had to make unpopular choices for the greater good. Here are three of the most frequent...
Apple's Tim Cook: 'So let me be clear: I'm proud to be gay'
The No-Problem Problem
Is Microsoft finally getting serious about making its workforce welcome to women and minorities? The internal memo that CEO Satya Nadella sent to his employees on October 15 is encouraging news. "I envision a company composed of more diverse talent," he said in his note, obtained by GeekWire. "I envision more diverse executive staff and a...
Let Ichabod Crane of 'Sleepy Hollow' guide you home
Microsoft Band works with Android, iPhone too
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