News on Yacktman Svc Fund (YACKX)Sunday May 3rd 2015
Latest news for Yacktman Svc(YACKX) (See analysis on YACKX)
Aggregared News for Yacktman Svc(YACKX) from various sourcesThey Came, They Saw, They Slumped, They Conquered
[Morningstar] - These actively managed Medalist funds show that the path to long-term outperformance is often paved with brief periods of underperformance.
Ultimate Stock-Pickers' Top 10 Buys and Sells
Poor performance catching up with active stock fund managers
Poor performance catching up with active stock fund managers
Is Your Risk Tolerance at War With Your Risk Capacity?
[Morningstar] - What the difference is--and how you can help mend fences.
NTF Platforms Can Mean Higher Costs
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. ...
Latest business news
Sunday May 3rd 2015: Latest financial news from the worldBuffett celebrates 50th year at Berkshire, faces tough questions
By Luciana Lopez and Jonathan Stempel OMAHA, Neb. (Reuters) - Berkshire Hathaway Inc shareholders on Saturday celebrated Warren Buffett's 50th anniversary running the conglomerate, as the billionaire expressed optimism the company would thrive over the long haul, even after he is gone. Buffett and his second-in-command, Charlie Munger, fielded five hours of questions from shareholders, analysts and journalists at Berkshire's annual meeting, including some that criticized the business practices of firms that Berkshire owns or works with, such as Brazil's 3G Capital. The meeting had a more festive air this year, with one of the more than 40,000 people who attended shouting out "Warren and Charlie, we love you" at the start of the main event of what Buffett calls "Woodstock for Capitalists." "It's not Disneyland, it's Warrenland," said David Rolfe, chief investment officer of Wedgewood Partners Inc. Berkshire holds more than 80 companies including the Burlington Northern railroad, Geico car insurance, Benjamin Moore paint, Dairy Queen ice cream, Fruit of the Loom underwear, and See's candies, and owns more than $115 billion of stocks.
McDonald's faces 'show me' moment with new CEO strategy
McDonald's new Chief Executive Steve Easterbrook is set to unveil his plan on Monday to revive growth as the world's largest hamburger chain struggles to win back consumers and investors. He'll be aiming to persuade people such as Janna Sampson, co-chief investment officer at OakBrook Investments, which bought McDonald's shares on the cheap more than a decade ago and eventually held more than 7 million shares as the company spiffed up its restaurants, improved service and expanded its menus with things like fancy coffee, salads and wrap sandwiches. The firm favors companies that dominate their industries, as McDonald's still does. Most financial analysts who cover McDonald's are on the sidelines.
Payrolls to test second quarter climate for Fed
By Mike Peacock LONDON (Reuters) - Always top of the data pile, this week will be no exception for the U.S. jobs report with a first interest rate rise likely this year despite a dramatic slowdown in the first quarter. The Federal Reserve has put in place a meeting-by-meeting approach on the timing of its first rate hike since June 2006, making such a decision solely dependent on incoming economic data. "They will need better data to justify a rate hike, and that need is pushing the timing of a policy change ever-deeper into 2015," said Tim Duy, a professor at the University of Oregon and a noted Fed watcher. You need the jobs and inflation data to turn sharply better to pull the Fed back to June." The Fed has kept rates near zero since late 2008.
U.S. jobs report looms for directionless market
The U.S. stock market has struggled for direction of late, but next week's payroll report could confirm whether the recent weakness in data and stock prices is waning as the weather warms, or the start of a longer-term trend. U.S. data, including on economic growth, have been weak, but are seen as making the Federal Reserve less likely to raise interest rates soon, a view that has lifted market sentiment. "There are a lot of offsetting trends in the market, which is causing a lot of choppy volatility," said Michael Mullaney, chief investment officer at Fiduciary Trust Co in Boston.
China's Fosun offers $1.8 billion for 80 percent of U.S. insurer Ironshore
Fosun International Ltd , an investment company controlled by Chinese billionaire Guo Guangchang, said it had offered to buy the 80 percent it does not already own in U.S. insurer Ironshore Inc for $1.8 billion. The move follows Fosun's decision to buy a 20 percent stake in the casualty and property insurer for $464 million in August 2014 in a bid to expand its global insurance network. "This acquisition will bring synergies for both parties in the prevention of currency risks, expansion of assets allocation and cooperation in reinsurance business," Fosun said in an announcement to the Hong Kong stock exchange on Sunday.
Detroit automakers face speed bumps as sales growth slows
By Paul Lienert and Joseph White DETROIT (Reuters) - Detroit's automakers, on track for their best sales year since 2006, may want to brace themselves for rockier times ahead. Auto executives say the industry is as healthy as it's been since being restructured in 2009. After reporting healthy April U.S. car sales on Friday, stocks fell again at all three. U.S. sales growth this year has slowed to 6 percent from double digits in 2010-2012.
HSBC whistleblower Falciani says his work is not done: El Mundo
Herve Falciani, a former HSBC employee who leaked information on the bank's clients and tax situation, told Spanish newspaper El Mundo he had knowledge of other cases and could act again, adding his "work was not done". Falciani previously said that media leaks on HSBC accounts held in Switzerland, which unleashed a public storm around the British bank, were "only the tip of the iceberg", and that tax authorities had access to a lot more data. The former information technology worker at HSBC's Swiss subsidiary hinted in the interview published on Sunday that he could be moved to make more revelations. It's possible that at the end of the year, we'll have the opportunity to act," he said, asked by El Mundo whether he would lift the lid on further tax cases if Spanish authorities did not.
HSBC's HQ rethink: taxes and China relationship hold key to decision
In 1990, an assessment called Project Rainbow paved the way for HSBC to move from Hong Kong to Britain. Project Rainbow assessed HSBC's future base by considering whether it was operationally effective, tax efficient, politically acceptable, consistent with bank regulatory requirements, in the best interests of shareholders and compatible with any future merger of HSBC and the Midland Group. After HSBC said its formal review of whether to change headquarters again could take six months of complex discussions, industry observers are looking to previous decision-making criteria to try to forecast its final decision.
Anemic U.S. factory data points to moderate growth bounce
U.S. factory activity failed to gain steam in April after slowing for five straight months and demand for automobiles softened, suggesting the economy was struggling to find momentum after growth almost stalled in the first quarter. Other data on Friday showed construction spending hit a six-month low in March, also indicating that the anticipated acceleration in growth in the second quarter could disappoint. The economy expanded at a 0.2 percent annual pace in the first three months of the year, slammed by bad weather, a strong dollar and a now-resolved labor dispute at the West Coast ports, as well as lower oil prices, which have undercut domestic energy production.
Fed rate hike in June 'on the table,' two policymakers say
ORANGE, Calif./PHILADELPHIA (Reuters) - The Federal Reserve could well raise interest rates as soon as June, two top U.S. central bankers said on Friday, so long as economic data strengthens as expected from a dismal first quarter. The Fed has kept interest rates near zero since December 2008. The key, both Loretta Mester, president of the Cleveland Fed, and John Williams, president of the San Francisco Fed, said, is that by a quirk of the calendar there will be two more months of data for many of the key gauges the Fed follows, including the U.S. jobless rate, jobs gains, retail sales and others.
Inhabitat's Week in Green: Tesla's Powerwall and the 2015 Milan Expo
Each week our friends at Inhabitat recap the week's most interesting green developments and clean tech news for us -- it's the Week in Green. Tesla capped the week off with the announcement everyone's ...
How fear and self-preservation are driving a cyber arms race
Meet Da Poke Shack, one of the US' finest restaurants -- according to Yelp
Amazon's voice-guided speaker juggles your IFTTT tasks
You can tell Amazon's Echo speaker to directly control certain apps and services, but what if you want it to send information to other apps that you use more often? That's where IFTTT's new Alexa channel ...
Scientists look at flower cells in 3D without wrecking them
Plants are delicate things, which makes them a pain to study under an electron microscope -- you'll probably damage the very cells you're trying to look at. You'll get a much better look if the University ...
Unmanned cargo chopper shows off its search-and-rescue talents
For three years between 2011 and 2014, the unmanned Kamen K-Max 1200 helicopter delivered more than 4.5 million tons of supplies to the most dangerous and far-flung US Forward Operating Bases throughout ...
Shopping for Insurance Online May be Boring, but it's Rewarding
Americans are always on a quest to save money and "shop to you drop" is an appropriate moniker for far too many of us. The average family spends $8-12K per year on insurance: but "honey I just got a smoking deal on car insurance" is typically not something you'll overhear in Starbucks. No offense meant to insurance companies, but hanging out in...
Lenovo's super-light LaVie Z laptop is now available
If you've been jonesing for a featherweight laptop but feel that Apple's MacBook rubs you the wrong way, you're in luck: as promised, Lenovo is now selling the LaVie Z and LaVie Z 360 in the US. Both 13-inch ...
Buffett Bites Back at NetJets Pilot Complaints, Clayton Homes Critics
Berkshire Hathaway Chairman Warren Buffett confronted accusations today at his standing-room only shareholder meeting that two of his subsidiaries are feeling the heat from unhappy employees and dissatisfied customers.
Woz: We've made machines too important
Facebook aims to host full news stories, will let publishers keep ad revenue, says report
Hosting stories on the social network -- and not just links to outside sites -- would cut page-load times for users, encouraging them to stay on Facebook. The benefit for publishers would be more money from ads, says The Wall Street Journal.
Schwing! 'SNL' app adds AirPlay and Android support
SurveyMonkey CEO, husband of Facebook's Sheryl Sandberg, dies suddenly
You can build Microsoft's Kinect-powered holodeck at home
Facebook aims to host full news stories, will let publishers keep ad revenue
Amazon Echo just became much more useful with IFTTT support
Instagram takes a serious look at how people use emojis
Emojis are starting to flood Instagram, and the website's engineers are on a quest to sort out how people are using the yellow-faced emoticons. Apparently, their popularity skyrocketed after Apple released ...
Microsoft buys N-trig's digital pen technology for Surface
Microsoft: Media Center Edition won't make it into Windows 10
GoFundMe pulls crowdfunding page for Baltimore police officers in Freddie Gray case
Build 2015: With Windows 10, Microsoft is no longer a follower
Play ball: T-Mobile offers customers free MLB At Bat premium subscription
Top Windows Phone news of the week: Continuum, slow rollout, and even more
We're excited to bring this weekly top news roundup covering Windows Phone. This week in Windows Phone there were reports of a way to turn the phone into a near-PC, Windows 10 will have a staggered rollout, and Microsoft wants competitor's apps in the Windows 10 store.
Unrest in Baltimore means big business for Taser
These are the coolest cars you'll never drive
7 Ways to Build a Community Using Data-Driven Narratives
Building an effective community of interest requires savvy, street smarts, a good story and data. Our recent episode of CXOTalk with Joe Trippi explored the relationship between storytelling and community, using data and analytics to understand the market and drive user engagement. Trippi pioneered the use of data in political campaigns and has...
Coming to a factory near you: Man-machine hybrids
Top iOS news of the week: Big downloads Office, huge revenues, and more
In iOS news this week big numbers dominated with Apple's latest quarterly results, Microsoft Office has a big number of downloads on iOS and Android, and lots of apps available for Apple Watch at launch.
R.I.P., Windows Media Center
Recommended Reading: Can Apple avoid a fate similar to IBM?
Search news on another fundClick here to search for fund symbol