Latest news for AMG Yacktman Service(YACKX) (See analysis on YACKX)
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Latest business news
Wednesday November 25th 2015: Latest financial news from the worldU.S. jobless claims fall more than expected
WASHINGTON, Nov 25 (Reuters) - - The number of Americans filing for unemployment benefits fell more than expected last week, drifting back to near 42-year lows as labor market conditions continue to tighten. Initial claims for state unemployment benefits declined 12,000 to a seasonally adjusted 260,000 for the week ended Nov. 21, the Labor Department said on Wednesday.
U.S. consumer spending tepid; savings near three-year high
WASHINGTON, Nov 25 (Reuters) - - U.S. consumer spending barely rose in October as households took advantage of rising incomes to boost savings to their highest level in nearly three years, pointing to moderate economic growth in the fourth quarter. The Commerce Department said on Wednesday consumer spending edged up 0.1 percent after a similar increase in September. The tepid rise in consumer spending could combine with an anticipated drag on the economy from an ongoing inventory reduction to hold the economy to around a 2 percent growth rate in the fourth quarter.
VW maintains $7 billion of provisions despite simple emissions fix
Volkswagen will not lower planned provisions of 6.7 billion euros ($7.1 billion) for the costs of its diesel emissions scandal, though the technical fix for 8.5 million cars in Europe have turned out to be simpler than expected. VW is seeking as much as 20 billion euros ($21.18 billion) in funding from banks as it struggles to cope with the expected costs of the scandal, which analysts say could top 40 billion euros including fines, legal claims and vehicle refits. VW said during a presentation it only needs to install a mesh near the air cleaner in 3 million 1.6-litre EA 189 diesel engines to ensure they comply with EU emissions rules.
Indexes set to open higher as data points to recovery
"The market will be guided by the macro news of the day, notwithstanding the geopolitical concerns that remain elevated," said Peter Cardillo, chief market economist at First Standard Financial in New York.
U.S. business spending gauge surges, durable goods orders soar
WASHINGTON, Nov 25 (Reuters) - - A gauge of U.S. business investment plans surged in October, the latest suggestion that the worst of the drag from a strong dollar and deep spending cuts by energy firms was over.
New agonies, alliances as Fed debates post-liftoff plan
By Jonathan Spicer NEW YORK (Reuters) - Federal Reserve officials, who are expected to raise interest rates next month, are already sketching out positions for a post-liftoff debate that may blur the lines between inflation "hawks" and "doves" and make the Fed's policy less predictable. Fed officials' private and public comments show that the debate now centers on whether the U.S. economy is returning to its old robust self, or whether tepid growth and resulting weak inflation and slow wage increases have become the new norm after the deep recession of 2007-2009. The Fed's 17 policymakers are also wide apart on the question how high interest rates should go and how quickly to get there.
Big brands don't mind live Periscope stumbles to reach millennials
When Benefit Cosmetics, a San Francisco-based maker of skin care and makeup, used Twitter's Periscope live-streaming video service to make a product demonstration, a heckler became part of the live show, typing to the presenter, "I can see down your top" even though there was no wardrobe malfunction. During BMW of North America's debut of its M2 coupe on Periscope last month, the sound dipped in and out as the driver talked about how the car handled.
Deere profit falls on slowed farm equipment sales
“Folks were gearing themselves for a meaningfully worse outlook," said Robert Baird & Co analyst Mircea Dobre. In the fourth quarter ended on Oct. 31, net income attributable to Deere fell to $351.2 million, or $1.08 per share, from $649.2 million, or $1.83 per share, a year earlier.
China police cracks $4.5 billion underground bank: Xinhua
BEIJING (Reuters) - Chinese police have busted an underground banking network that handled $4.5 billion worth of illegal transactions at Agricultural Bank of China Ltd (AgBank)<601288.SS><1288.HK> alone, the official Xinhua News Agency reported on Wednesday.
Exclusive: Three Goldman bankers leave for Uber as tech world raids Wall Street talent
By Olivia Oran and Heather Somerville NEW YORK/SAN FRANCISCO (Reuters) - Three mid-level bankers in Goldman Sachs Group Inc's technology investment banking group in San Francisco have left to take positions at ride service company Uber Technologies Inc in recent months, people familiar with the matter told Reuters. The bankers are the latest to leave Wall Street banks for Silicon Valley startups, where the lure of more flexible hours - and in some cases stock options and share grants - can be hard to resist. Uber, currently valued at around $51 billion, said in August that it expected an IPO within 18 to 24 months.
Unemployment rates fall in two-thirds of US states
Unemployment rates fell in two-thirds of U.S. states last month, evidence that modest economic growth is boosting hiring in most areas of the country.
ICYMI: Smartest lights yet, robots on the farm and more
Today on In Case You Missed It: BeOn Home has made smart lightbulbs that recognize noises like a doorbell or fire alarm and turn on accordingly. A robot designed to check fertilizer levels and smash weeds ...
NFL Thanksgiving Ticket Prices Down From Last Year
Tickets are 22% cheaper on the secondary market than they were in 2014.
'Retro City Rampage' is getting a '16-bit' sequel
Retro City Rampage is getting a sequel named Shakedown Hawaii. Like RCR, Shakedown is a top-down action game in the same vein as the original Grand Theft Auto. The new game is set 30 years after RCR and ...
Cracking Open: Apple Pencil is powered by amazingly tiny tech
What makes a Kickstarter campaign kick?
O2 also considers blocking phone ads
More than one UK network is weighing up whether to offer its customers mobile ad-blocking tools. After EE stepped forward over the weekend, O2 is doing the same through an interview with Business Insider. ...
Google contracts for solar power for North Carolina data centers
Apple Pencil, Smart Keyboard for iPad Pro now shipping
Bug bounties: Which companies offer researchers cash?
Australia's using drones to protect its coasts from sharks
While shark attacks are rare in Australia, every year a handful of people lose their lives while swimming off the country's coastlines. New South Wales (NSW) government officials know there is no easy ...
Google pledges to send mobile users accelerated Web pages next year
Have Thanksgiving Day Retail Efforts Plateaued?
This year, many stores have opted to remain closed on Thanksgiving, while others have maintained the same store hours as last year as opposed to opening even earlier.
IBM Watson Helps Avoid Impulse Black-Friday Buys
As shoppers hit the streets for Black Friday, they're likely to use apps to guide their purchases in a retail environment that heavily favors consumers.
MacMall Black Friday 2015 ad has plenty of Apple iPad, MacBook, iMac deals
Skilled devs, low costs: No surprise this second city has a booming startup scene
Spending Rose Less Than Expected in October
Consumer Spending Increased 0.1% in October. Economists had forecast consumer spending rising 0.3 percent last month. Incomes increased 0.4 percent, matching expectations.
Samsung's Galaxy S7 may come with a microSD card slot
Ask any fan of the old Galaxy S-series hardware why they've not upgraded to the newest handsets, and chances are they'll mention the lack of a removable battery and the fact that there's no SD card slot. Well, the microSD card slot might be coming back.
Dell in hot water again as second 'Superfish' root certificate surfaces
Tor Project appeals for help to carry on, expand anti-spying network
Temp tech tattoos can monitor your health and location
Chaotic Moon, a start-up known for conjuring fun projects like a shark-punching virtual game, has a wide range of applications in mind for the temporary tattoo technology it's developing. Called "Tech ...
How will online retailers handle Cyber Monday? Duh, robots
Sony PS4 sales surpass 30 million
Jez Day: Don't Drop Your Prices, Quality Always Wins
Chance always favors the prepared mind. In 2001, Jez Day, CEO of Rustic Stone, started with his business idea after helping a friend engrave stone tables at Chelsea Flower Show. Photo Courtesy of Jez Day, CEO of Rustic Stone Day used his knowledge to cut the design templates while his friend was the one who supplied the engraving equipments....
Fifth suspect arrested over TalkTalk hack
Google's fast mobile pages coming (with ads) in early 2016
Google revealed the "AMP" endeavor last month to accelerate mobile page-loading times, the slowness of which is a huge user bone of contention. It now says the fast-loading mobile pages will ...
TalkTalk hack: Police make fifth arrest on blackmail charges
Now that we know the full extent of the TalkTalk hack, the whole affair has started to quieten down. Police are still pursuing the people responsible though and now, we've been told that a fifth suspect ...
Apple buys motion-capture company that worked on 'Star Wars'
Apple's latest startup pickup is Faceshift, a company that specializes in facial motion capture -- often doing it without any need for physical "markers" on the model's face. Cupertino confirmed ...
Black Friday foot traffic doesn't peak when you think it does
The day that practically every retail worker loathes with a passion is almost upon us: Black Friday. To get an idea of just how much of a nightmare shopping is on the day after Thanksgiving, Google turned ...
Sony PlayStation 4 sales speed past 30 million
In just over two years Sony's sold over 30 million PlayStation 4s. That tally was 20.2 million in March, and now ahead of the busy holiday shopping season we have word from the Japanese tech giant that ...
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