News on Yacktman Svc Fund (YACKX)Saturday August 30th 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. ...
AMG Adjusted Profit Rises 11% as Rally Boosts Assets
[video] Tortoise vs. the hare investing
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[Morningstar] - Even Gold- and Silver-rated funds can have an off year.
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Latest business news
Saturday August 30th 2014: Latest financial news from the worldU.S. coal stocks could gain on Russia tension
China graft watchdog probes another executive at Chinese car maker
China's anti-graft watchdog has said it is investigating a former senior executive at FAW Group Corp. for corruption, the latest target in a widening probe against the company. State-owned FAW has a joint venture with Volkswagen AG. The joint venture is one of the two car-making ventures the German automaker has in China. An Dewu, FAW's former deputy general manager, was investigated for "suspected serious violations of the law", the ruling Chinese Communist Party's discipline watchdog said late on Friday.
Exclusive: U.S. options exchanges craft rules to fend off turmoil
By John McCrank NEW YORK (Reuters) - A year after Goldman Sachs bungled a software upgrade and lost tens of millions of dollars from unintended trades, the 12 U.S. Under the proposed rules, unintended trades placed by professional traders will usually have their prices adjusted to levels as close to their fair market value as possible, while wrong trades by retail customers will be mainly be undone, five sources with knowledge of the matter told Reuters. When market prices are oscillating wildly, technical glitches can create turmoil, said Andy Nybo, head of derivatives research at advisory firm TABB Group. In other markets, technical glitches have created big trouble for traders.
Exclusive: Bitcoin promoter to plead guilty to unlicensed money transmission
By Nate Raymond NEW YORK (Reuters) - Bitcoin entrepreneur Charlie Shrem has reached a plea deal to resolve U.S. Shrem, the former vice chairman of the Bitcoin Foundation, will plead guilty next Thursday in New York federal court to unlicensed money transmission, Marc Agnifilo, his lawyer told Reuters in an email. Prosecutors had previously charged Shrem with operating an unlicensed money transmitting business, money laundering conspiracy and failing to file suspicious activity reports with government banking authorities. Federal authorities shut down Silk Road last year, though a new Internet marketplace under the same name was launched in November.
Alibaba set to launch IPO roadshow week of September 8: New York Times
Chinese e-commerce company Alibaba Group Holding Ltd is set to start formally pitching its New York initial public offering to investors in the week of Sept. 8, the New York Times reported, citing an unnamed person briefed on the decision. The IPO 'roadshow' had previously been expected to be launched this coming week, with pricing of the offer set for as early as Sept. 15. An external spokeswoman for Alibaba in Hong Kong declined to comment on the IPO plans when contacted by Reuters on Saturday.
Intel hires senior Qualcomm exec to boost mobile business
By Noel Randewich SAN FRANCISCO (Reuters) - Chipmaker Intel Corp has hired Amir Faintuch, a senior executive at rival Qualcomm Inc , to step up efforts in mobile and Internet-connected gadgets. Hiring a senior executive from a major competitor is rare for Intel, which is known in Silicon Valley for its insular culture, and it reflects the eagerness of the Santa Clara, California, chipmaker to improve its struggling mobile business. Faintuch, who previously oversaw Qualcomm's networking and connectivity businesses as president of Qualcomm Atheros, is joining Intel as a senior vice president and co-general manager of the Platform Engineering Group, Intel spokesman Chuck Mulloy said on Friday.
Indian investigators drop coal scam case against billionaire Birla
India's Central Bureau of Investigation (CBI) has closed a coal scam case against billionaire Kumar Mangalam Birla and a former top bureaucrat that emerged in 2012 after an auditor's report on revenue loss to the exchequer from allocations of coal blocks. The CBI filed the case against Birla and former Coal Secretary P.C. Parakh last year in relation to a block allocated in 2005 to Hindalco Industries, part of the $40 billion Aditya Birla Group led by Kumar Mangalam Birla. India's federal auditor had alleged that the government's allocation of coal blocks may have cost the exchequer revenues of about $33 billion, although industry watchers and the previous government have cast doubts on the figure.
U.S. consumer spending pauses, but rising confidence offers hope
"The weakness in spending will quickly subside this fall as consumer confidence is supported by record highs in the stock market, rising housing prices and improving labor market conditions," said Michael Woolfolk, global markets strategist at BNY Mellon in New York. Consumer spending, which accounts for more than two-thirds of U.S.
U.S. judge sets hearing in Argentina bond case over Citi subpoena
NEW YORK (Reuters) - A U.S. judge overseeing litigation by Argentina and creditors who did not participate in the country's past debt restructurings on Friday scheduled a hearing to assess whether Citigroup Inc should be forced to comply with a subpoena. U.S. District Judge Thomas Griesa in New York scheduled a hearing for Sept. 10 at 2:30 p.m. EDT following a request by a lawyer for Elliott Management's NML Capital Ltd, a creditor suing over Argentine bonds that have been in default since 2002. (Reporting by Nate Raymond in New York; Editing by Meredith Mazzilli)
U.S. auto sales seen ending summer without a sizzle
Analysts polled by Thomson Reuters expect monthly sales of about 1.5 million new vehicles when automakers report them on Wednesday, with a seasonally adjusted annualized sales rate of 16.6 million. Auto sales are a closely watched indicator of consumer demand, particularly for big-ticket items, and the industry accounts for roughly one-fifth of all U.S. Industry research firm Kelley Blue Book said incentives, including rebates and cash-back offers, were on track to end the month between $2,700 to $3,000 per vehicle. The biggest discounts were on mid-size sedans, which are staying on dealer lots more than 80 days before being sold, compared to 47 days for small crossover sport utility vehicles, Kelley Blue Book said.
Rock Bands, Startups and Discovering the Next Big Idea
For the past few years, whenever I meet a new startup, I treat them like a rock band. Not only because I believe startups are rock stars, but because I have learned -- from my experience as the owner of an indie record label and as an early-stage investor -- that there are a lot of similarities between the two.BandmatesEvery band has to have a...
The 5 Most Common Digital Marketing Strategies
In a digital age, where most users have computers and mobile devices, accessing websites, social networks, and other online media, has become part of day-to-day living. Thus, many companies have adopted digital marketing strategies to continue to promote their products and services to these users via these channels. According to global...
How Do You Bring About Real Time Strategic Change?
Jake Jacobs has been curious about why some organizations work and others don't since he began his consulting practice nearly 30 years ago. His pioneering work and lessons learned in the field of Large Group Interventions are captured in his classic book, "Real Time Strategic Change: How to Involve an Entire Organization in Fast and...
I Got You Covered: Ensuring Your Business Has Insurance When You Need It
Just in the last few years, there's been Hurricane Sandy thundering up the East Coast and causing more than $8 billion in damage to businesses just in New Jersey alone. On the other coast in California, the drought this year has racked up more than $2 billion in losses and cost thousands of job.
5 Business Lessons I Learned in a Foxhole (Literally)
The above photo was taken near Sangin in Afghanistan's Helmand Valley in 2008. The author is on the far left.Six years ago in Afghanistan my sniper team ran a three day mission to observe a tier-1 IED site (military-speak for a place with a high likelihood of having a roadside bomb emplaced at it). The hope was to take out the Taliban insurgent...
Want To Be Invited Into You? A Pre-Labor Day Meditation
Labor Day is one of those highlighted high points of the year. The end of summer, the beginning of school, shorter days with slight weather changes branded with BBQs and celebrations and sometimes, leftover fireworks from the Fourth Of July. Mostly, this time of the year is a liminal space between here and there, then and now and you and me....
Economic Forces Are Mightier Than the Sword
There is no question that the world is in turmoil. Every day we are bombarded with depressing news that ranges from disturbing to shocking. This endless repetition in the headlines is reminiscent of the movie "Groundhog Day." The amazing thing we learn from history is that there are no rules.
How to Redefine Your Marketing Strategy in Today's Tech Drenched World
"There's many a slip twixt cup and the lip" is erroneously attributed to Shakespeare throughout history.The origins can be traced back to Greek mythology and culturally juxtaposed by Emelio Estevez in the flick, "Young Guns" from the late 80′s.Regardless of the cultural reference points, this quote should be a powerful reminder for any...
Why Finding The Perfect Business Mentor is Like Hitting the Jackpot
"What is a teacher? I'll tell you: it isn't someone who teaches something, but someone who inspires the student to give of her best in order to discover what she already knows." -- Paulo Coehlo, The Witch of PortebelloIf you're an entrepreneur with dreams of making it big, the smartest move you can make is finding a mentor. Obtaining the right...
Train Your Brain to Thrive From 9 to 5
The majority of employers throughout the world are "strongly committed to creating a workplace culture of health" and are investing in programs to achieve these goals, according to Buck Consultants at Xerox, describing their newly released survey, "Working Well: A Global Survey of Health Promotion and Workplace Wellness Strategies." That's...
Are You Driving Your Data? Or Is Your Data Driving You?
In business, politics and philanthropy, being data-driven has become a point of pride.Leaders parade decision-making as rational and strategic because they "have the numbers" to support it. The tech revolution with its miraculous information-processing seems to support the idea of data as king.But any software engineer can tell you that...
New Clean Energy Jobs Report Something to Celebrate This Labor Day
Here's something to celebrate this Labor Day weekend: The continued growth of clean energy jobs in America.Environmental Entrepreneurs' (E2's) just-released quarterly jobs report shows that the number of new clean energy and clean transportation jobs announced in the second quarter of this year doubled from the previous quarter.More than 12,500...
Has the Consumer Finally Defeated the Worker?
The tide of the battle that has been playing out for nearly two centuries between the economy and politics, between market forces and democracy, between capitalism and the state, is now turning decisively in favor of the market.
1.5 Million Opportunities to Strengthen Your Business
When it comes to addressing veteran unemployment, I have experienced both sides of the coin. I know what it is like to trade the structure and familiarity of the military lifestyle for the uncertainty of the civilian workforce. I also know what it is like to recruit, hire, and train new employees -- a transition process with its own challenges...
Leaders: Legal, Ethical or Right?
Do you remember playing games as a child when you made up the rules as you went along? Those rules that evolved on such short-notice often proved to be a source of contention!Likewise, for leaders at work. When people decide to disregard their moral compass as the official business handbook, they begin to make up the rules as they go. Anything...
Top 3 Mistakes Newbie Entrepreneurs Make and Their Solutions
In the current entrepreneurship boom we are experiencing nowadays, it is quite common that novice business owners -- as well as those with more experience -- make very frequent mistakes due to a lack of legal counseling and experience.The top three legal mistakes entrepreneurs usually make are: 1. Not registering the company from the beginning:...
From Crane Operator to Artist: How a Homeless Man Is Transforming His Life
As my mailbox becomes inundated with flyers advertising extravagant Labor Day sales, I can't help but think about all of the people who became unemployed in the recession. How have their lives transformed over the last six years? Where are they now? Meet Scott Benner. He has a striking resemblance to Santa. His curly white beard and level of...
5 Reasons You Should Keep Pushing Past Your Doubts
For some insane reason, many people believe that entrepreneurs have life all figured out. That we are happy go lucky all of the time and our business is full of rainbows that pop out magical Skittles. They seem to think that we don't know what it's like to doubt ourselves. They believe we don't understand that feeling of not knowing which...
How do you Define a Social Business?
Let's define a social business and how it is evolving. It's not just "being social" with your customers (having social profiles where you know they hang out); it's about being more connected in your business processes as well. Stop thinking in terms of silos of information and people, and start thinking about ways to connect everyone.For...
The Business of Business Culture: Shift From Blame to Brave
Sometimes client work runs counter to your established company principles. After successfully working with a client for many months, one of my employees came to me seeking advice on how to handle a peculiar situation. Essentially, the client lead wanted us to conduct a user research project using the wrong strategy. We knew this strategy was...
Market Basket Drama Ends As Deal Reached To Sell New England Supermarket Chain To Former CEO
BOSTON (AP) — As Arthur T. Demoulas made a triumphant return Thursday to lead the Market Basket supermarket chain, it was the words of his employees that summed up their fierce loyalty to him that led to a remarkable workers' revolt that nearly crippled the New England chain but eventually put him back on top."We did it for you!" one employee...
Alex Salmond's Kamikaze Negotiating is a Millstone Round Scotland's Neck
Image courtesy of goforchrisJohn Swinney, the Finance Secretary for Scotland has repeated the SNP government's threat to walk away from Scotland's share of the UK debt. Let me repeat that again: the man who is currently in charge of Scotland's economy, who in an independent Scotland would be charged with selling Scottish government debt to the...
This Is How The Super Rich Can Effectively Give Back
Once accomplished individuals, including CEOs, business owners, high-profile athletes and entertainers, achieve a certain level of success there inevitably comes a time when they begin to ask themselves, “What’s next?”They have worked tirelessly their whole lives, built a long and distinguished resume of professional achievements, along...
Want to Move From Functioning to Flourishing at Work?
Do you ever feel like there's a blanket of greyness snuffing all the color out of your life? Instead of feeling full of energy, enthusiasm and enjoyment most days you drag yourself around feeling deflated, disillusioned and disappointed. And you can't help but wonder if: "Surely there's more to life than this."For many years this was my daily...
Justine Angelli: Serial Entrepreneur Helping You Fundraise for Anything
An Interview with Justine Angelli, CEO and founder of ShareagiftThis interview is part of a series on Trailblazing Women role models from around the world.Justine Angelli is the CEO and founder of Shareagift, set to become the eBay of gifting occasions. Shareagift essentially provides crowdfunding technology for gifts.
The Bottom Line Impact of Wellbeing in the Workplace
Work practices, culture, well-being programs and relationships within workplaces are key determinants, not only of whether people feel valued and supported in their work roles, but also of individual health, well-being, productivity and most importantly to the bottom line of any companies profits. Well-designed and well-managed workplaces can...
Transactional and Marketing Emails Are the Perfect Pair for Winning the Game of Customer Love
Transactional emails -- such as order confirmations and shipping notifications -- are the long lost (revenue) loves for businesses. Transactional emails are a terrific opportunity to increase revenue by establishing new and long-term relationships, and courting customers with sweet gifts like rewards, promotions and sales. But most companies...
7 Decision Making Styles
What is your style? I don't mean the way you dress, I'm thinking deeper. Specifically, what style drives your choices? Every day, we are confronted with decisions that determine who we will become and what we will be known for in culture. Most decisions simply come down to two simple words: yes or no. But what are the drivers and how do you...
Offer Incredible Value and Your Customers Won't Turn It Down
Wednesday morning I was checking my emails that came through overnight, like I do first thing every morning, and I saw an email with the subject, "Order Boom Going On Now | 5 Days Left to Enter for Vegas!" from TigerFitness.com. Naturally I clicked on it and before I knew it I had my wallet out.Wait, what just happened?The order boom! It got...
Why We Should All Vacation At The Exact Same Time
It may be summertime, but the living isn't exactly easy.Vacations are increasingly being squeezed by our inability to disconnect and the pile of work we return to after the holiday ends. And our colleagues who stay behind aren't faring much better. Scrambling to cover for absent employees, they try to keep productivity up even as someone...
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