News on Yacktman Svc Fund (YACKX)Friday May 29th 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
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Latest business news
Friday May 29th 2015: Latest financial news from the worldDollar, Chinese shares steady as Europe wobbles
European stock markets were a touch lower, with dealers pointing to doubts over Greece's ability to make good on a promise it would reach a cash-for-reforms deal with its euro zone partners by Sunday. Oil markets were almost 1 percent higher, while prices of German government bonds, a safe haven for money in the euro zone looking for refuge from the Greek worries, rose.
Intel nears $15 billion deal to buy Altera: NY Post
(Reuters) - Intel Corp is close to a deal to buy smaller chip maker Altera Corp for about $15 billion, the New York Post reported. The deal price could be as much as $54 a share, a 15 percent premium over Altera's Thursday closing price of $46.97, the New York Post reported, citing a source close to the situation. Intel signed a standstill agreement earlier this year with Altera that expires on June 1, giving the world's largest chipmaker the option to launch a hostile bid after that, Reuters reported in April, citing sources.
U.S. economy likely shrank in first quarter, but fundamentals strong
WASHINGTON (Reuters) - The U.S. economy likely contracted in the first quarter as it buckled under the weight of unusually heavy snowfalls and a resurgent dollar, but activity since has rebounded modestly.
Oil gains 1 percent on U.S. inventory drop
Crude oil prices rose around 1 percent on Friday after U.S. inventories fell for a fourth straight week, although prices were set for a weekly drop on a stronger dollar. Oil saw steep falls earlier this week as a resurgent dollar weighed on the market amid concerns U.S. crude supplies may have started rising again after three weeks of draws. North Sea Brent crude has shed more than 3 percent this week, its second straight weekly loss, while U.S. crude is set to end a record weekly winning streak with a loss of more than 2 percent.
Exclusive: European rescue fund struggling with low returns
By Matthias Sobolewski BERLIN (Reuters) - Europe's rescue fund is seeking to revise its investment guidelines to allow it to buy lower-rated debt as it grapples with record low interest rates, according to documents from the so-called ESM and German finance ministry seen by Reuters. At the end of March, more than half of the ESM's paid-in capital of 80 billion euros ($87.6 billion) was invested in assets with negative yields, the document from the European Stability Mechanism (ESM) showed. To avoid incurring losses, the ESM wants to change its investment guidelines so that it can invest in riskier assets that generate higher returns.
Unrepentant Lehman ex-CEO Fuld says firm 'was not bankrupt'
By Lauren Tara LaCapra NEW YORK (Reuters) - Six years, seven months and 13 days after Lehman Brothers Holdings Inc filed for bankruptcy, its former chief executive, Richard Fuld Jr., is still insisting it did not go broke. "Lehman Brothers in 2008 was not a bankrupt company," Fuld said at a conference in Manhattan on Thursday, his first such public appearance since the financial crisis for which Lehman's massive Chapter 11 filing marked a tipping point. During a speech that lasted a little more than 30 minutes, Fuld waxed nostalgic about the history of Lehman Brothers and his career on Wall Street, and ruminated about financial markets and current events.
Japan's Skymark submits bankruptcy plan despite creditor opposition
TOKYO (Reuters) - Japan's failed budget carrier Skymark Airlines Inc submitted a restructuring plan for court approval on Friday despite opposition from the two main creditors owed about two-thirds of its roughly 300 billion yen ($2.42 billion) debt.
Avago to buy Broadcom for $37 billion in biggest-ever chip deal
Avago Technologies Ltd agreed on Thursday to buy Broadcom Corp for $37 billion in the largest merger of chipmakers ever, turning a lesser known company run by a ferocious dealmaker into one of the biggest industry players. Avago, which serves the wireless and industrial markets, is offering Broadcom shareholders $17 billion in cash and Avago shares valued at $20 billion. Broadcom is best known for its connectivity chips, which are used widely in smartphones made by Apple Inc and Samsung Electronics Co Ltd .
Fed rate hike in 2015 not consistent with mandate: Kocherlakota
A U.S. interest rate hike this year would be a mistake, a top Federal Reserve official said on Thursday, and would represent a missed opportunity to boost employment and too-low inflation in an economy that has plenty of room to grow. "The (Fed policy-setting) committee needs to make policy choices that will lead to more great years like 2014," Minneapolis Fed President Narayana Kocherlakota said in remarks prepared for delivery in Helena, Montana, citing the dramatic improvement in the U.S. labor market last year. The Fed must be "extraordinarily patient" about reducing monetary policy accommodation, he said, so the job market can return to the strength it had in 2006, before the financial crisis hit.
Airbus debates new A320 output hike, suffers test glitch
Airbus is leaning toward a new hike in production of its A320 jet, raising the stakes in a battle with Boeing to translate record orders into tangible deliveries, but has yet to decide on the risks of handling unprecedented volumes.
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Hola: A free VPN with a side of botnet
Good Math, book review: Challenging concepts, well explained
More accessible than Hofstadter or Martin Gardner's classic mathematical columns, Good Math is a fun, if demanding, introduction to the strange, fascinating fundamental concepts of mathematics that underpin programming.
'This is the Right Place': Doing Business and Vacationing in Utah
Remember we've talked about how digital nomads get to travel and still make money? Looks like a group of people might just have cracked the code. On July 24, 1847, when the Mormon pioneers reached the Salt Lake Valley in Utah, Brigham Young looked out across the land and said, "This is the right place. Drive on." In 2015, business travelers and...
Website writes up notes for you using Instagram font
Dimension Data sends 76 Australian jobs offshore
Uber's driver app now serves the hearing impaired
Japan remains Google Play's top country by revenue
Google changes social Terms to target harassment, make room for art
Oh no: MIT's Cheetah robot can jump over hurdles while running
MIT's scientists spent years making the Cheetah robot a more efficient runner. Now that's done, its creators probably thought it was time to give it a major upgrade: the metal quadruped can now autonomously ...
Google's Project Jacquard wants to put a trackpad on your pants
Apple's latest purchase is an augmented reality company
Out of all the major technology companies, Apple is yet to reveal its plans for augmented or virtual reality. But still, chances are the Cupertino firm's working on a project (or two) behind closed doors, ...
Google Photos cuts out Plus to make the app we really wanted
Google's Now on Tap makes Android M smartphones so much smarter
Ingogo closes AU$12 million Series C funding round
This foldable drone origamis itself and dissolves when done
MIT recently unveiled -- or rather, unfurled -- an unusual drone specimen. The tiny robot weighs a third of a gram and is just 1.7 cm long. It starts its existence as a flat, paper or polystyrene wafer. ...
Australian government to auction regional 1800MHz spectrum
4G services in regional and remote Australia could get a shot in the arm with government plans to auction spectrum in the 1800MHz band for use in regional and remote locations of Australia by the end of this year.
Google wants more Chromecast multiplayer games and autoplaying apps
Google has sold 17 million Chromecasts thus far, but it obviously wants to sell more and make the media player more valuable to current users at the same time. The company is releasing a bunch of new APIs ...
Google wants you to buy Big Macs with your face
Young & Entrepreneurial: Let the Adventures Begin with the Adventure Bucket List Founding Team
Young and Entrepreneurial is a series of articles where I've decided to interview and write about young individuals disrupting the world. By sharing the stories of these individuals, I hope to inspire youth from all over the world to follow their passions, to take the road less traveled and to disrupt the status quo. This is the 20th post in...
iPhones can be Google VR viewers, too
As we walked out of today's Google I/O keynote, we -- and all other keynote attendees -- were handed the second-generation version of Cardboard, Google's low-tech effort at a VR headset. As was announced ...
Marine Rescue Queensland trains squadrons with Office 365
Feds to overhaul program that delivers broadband to the poor
While 95 percent of American households earning six figures annually have access to broadband internet, just 48 percent of homes making under $25,000 enjoy the same benefit. Thursday, the Federal Communications ...
'Pillar' is a personality test and much more in video game form
Oil Hits One-Month Low
The major averages trending lower today on weaker conviction as volume was 12.3% below the one-month average and the lowest volume day this week.
Sign into Netflix straight from your Google account
You've been able to sign into third-party websites with your Google credentials for years, but now the company is broadening out the places that info can take you. On its Developer Blog, the outfit is ...
Canadian man gets fined for using his Apple Watch while driving
Now that electronics manufacturers are releasing more and more smartwatch models, you might be wondering what the authorities' stance is on using one while driving. Well, this clears things up a bit for ...
What sweet treat will the 'M' in 'Android M' stand for?
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