News on Yacktman Svc Fund (YACKX)Thursday March 5th 2015
Latest news for Yacktman Svc(YACKX) (See analysis on YACKX)
Aggregared News for Yacktman Svc(YACKX) from various sourcesUltimate 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. ...
AMG Adjusted Profit Rises 11% as Rally Boosts Assets
[video] Tortoise vs. the hare investing
Latest business news
Thursday March 5th 2015: Latest financial news from the worldAbbVie to buy Pharmacyclics for $21 billion to boost cancer drugs pipeline
The deal gives AbbVie access to Pharmacyclics' cancer drugs portfolio, lessening the Chicago-based company's dependence on its rheumatoid arthritis drug Humira that accounts for most of its sales. The transaction follows AbbVie's failed $55 billion bid to buy Dublin-based Shire Plc last October after the United States took steps to deter tax-lowering deals. Pharmacyclics said earlier it expects sales of Imbruvica, which is approved in more than 40 countries and has U.S. approvals for four forms of blood cancer, to touch $1 billion in the United States this year.
Asia stocks slip, euro hits 11-year low before ECB
Asian stocks slipped on Thursday after Wall Street continued to pull back from record highs ahead of Friday's closely-watched U.S. jobs data, while the nervous euro languished at an 11-year low prior to the European Central Bank's policy meeting. MSCI's broadest index of Asia-Pacific shares outside Japan shed 0.4 percent with Thai, Malaysian and Chinese stocks posting losses. "Foreigners are continuing their buying spree on the back of increased global liquidity after quantitative easing by the ECB," said Lee Kyung-min, economist at Daishin Securities Co in Seoul. Risk asset markets, shored up by liquidity provided by easing-minded central banks around the world, will have a chance to confirm the ECB's easing stance when it holds a policy meeting later in the session.
Citigroup's past losses may have helped it win Costco business
By David Henry NEW YORK (Reuters) - Citigroup Inc had at least one advantage in its successful bid for the exclusive right to issue credit cards for Costco Wholesale Corp, rivals and tax specialists say: it lost so much money during the financial crisis that it has billions of dollars of tax credits. Citigroup and Costco have not disclosed terms of the deal, and outsiders can only speculate about the reasons Citigroup bid aggressively enough to win the business. They declined to be identified because the negotiations were confidential.
China signals 'new normal' with lower annual growth target
By Koh Gui Qing and Kevin Yao BEIJING (Reuters) - China announced an economic growth target for 2015 of around 7 percent on Thursday and said it would boost government spending, signaling that the lowest rate of expansion for a quarter of a century is the "new normal" for the world's No.2 economy. Speaking at the opening of the country's annual parliamentary meeting, Premier Li Keqiang vowed to fight corruption and pollution, and stressed the need for more painful reforms to put the economy on a more sustainable footing after three decades of breakneck growth. "The downward pressure on China's economy is intensifying," Li told around 3,000 delegates gathered at the Great Hall of the People to the west of Tiananmen Square in the heart of Beijing. "Deep-seated problems in the country's economic development are becoming more obvious.
Citigroup sells stake in Turkey's Akbank for $1.2 billion
ISTANBUL (Reuters) - Citigroup has sold its nearly 10 percent stake in Turkey's Akbank for $1.2 billion, the U.S. bank said on Thursday, in its latest sale of overseas assets to cut costs and raise profits.
Brent sticks above $60; Iran news offsets bearish U.S. stockpiles data
Brent crude was flat on Thursday, managing to hold above $60 a barrel as investors brushed aside bearish U.S. inventories data to focus on the lack of a deal in talks over Iran's nuclear program. Tehran's ambassador to the International Atomic Energy Agency (IAEA) said on Wednesday no deal had been reached on the duration of any possible final agreement with world powers on Iran's program. The April contract inched up 5 cents to $60.60 a barrel by 0003 ET while West Texas Intermediate (WTI) crude rose 22 cents to $51.75 a barrel. A 2 percent gain in the previous session narrowed WTI's spread with global benchmark Brent to less than $9 a barrel.
Huawei, Intel expand tie-up amid China's rising scrutiny of U.S. tech firms
By Paul Carsten BEIJING (Reuters) - China's Huawei Technologies Co Ltd [HWT.UL] and Intel Corp are expanding an existing alliance to provide cloud computing to global telecoms carriers, as U.S. tech firms vie for Chinese tie-ups to retain access to a tough mainland market. The partnership, announced by Huawei in a statement, comes as U.S and other Western tech firms' scramble to burnish their bona fides with China, which has become increasingly wary of foreign technology. China's government has been openly pushing for the use of more Chinese and less foreign-made technology, both to grow its own tech sector and as a response to former U.S. National Security Agency contractor Edward Snowden's leaks about widespread U.S. cyber surveillance. Other U.S. enterprise tech firms adopting a partnership strategy include IBM Corp, Dell Inc [DI.UL], Cisco Systems Inc, Hewlett-Packard Co and Juniper Networks Inc. The cloud computing industry is a focus area for China, with Premier Li Keqiang saying in his government work report delivered to parliament on Thursday that the government would support its development.
U.S. service sector activity ticks up in February
The Institute for Supply Management on Wednesday said its services index was 56.9 in February, up slightly from 56.7 in January. Analysts were looking for a reading of 56.5, according to a Reuters poll.
Banks brace for Fed capital buffers inspection
By Douwe Miedema WASHINGTON (Reuters) - The largest U.S. banks and their foreign rivals are facing a tough two-step check-up of their financial health by the Federal Reserve, forcing the firms to get a far better grip on how they measure risk. In its annual "stress tests", the Fed gauges whether banks have enough shareholder capital to withstand a severe economic shock like that of the 2007-09 crisis, when taxpayers spent billions of dollars to keep the industry afloat.
U.S. private sector adds jobs in February, but growth slows: ADP
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - U.S. private employers added fewer jobs than expected last month, with the gains declining as well from January's revised level as growth slowed in some sectors, a payrolls processor report showed on Wednesday. The ADP National Employment Report, jointly developed with Moody's Analytics, showed a gain of 212,000 private-sector jobs. Economists surveyed by Reuters had forecast the ADP to show a gain of 220,000 jobs. For instance, service-providing employment rose by 181,000 jobs in February, compared with growth of 206,000 in the sector in January.
US stock market wavers in early trading
General strike shuts down services across Greece
ATHENS, Greece (AP) — Services across Greece shut down Wednesday as unions staged a 24-hour general strike and held peaceful demonstrations to protest further austerity cuts in the cash-strapped country.
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.
US stocks edge higher in afternoon trading
Stocks were on track to finish higher Thursday afternoon for the second day in a row as investors drew encouragement from reports on Chinese manufacturing, U.S. home sales and some positive earnings from Best Buy, Dollar Tree and other retailers.
US stocks edge higher in midday trading
Major stock indexes shifted higher in midday trading Thursday, getting a lift from an encouraging report on Chinese manufacturing and some positive earnings from Best Buy, Dollar Tree and other retailers. The market also got a boost from data showing modest improvement in sales of previously occupied homes.
US stocks are mixed in early trading
After Swype, HTC taps China's TouchPal for new Android keyboard
'Digital washing' can wreck your strategic business planning
France's 1930's Maginot Line failure may seem an odd analogy, but 'digital washing' of old ideas and lack of forward thinking also have the potential to create strategic disaster in a highly competitive world where speed to market and agility are key
Softcard to close up shop after Google mobile payments deal
The creators of 'Monument Valley' are redesigning your car dash
The developer of Monument Valley, Ustwo, isn't just content with designing beautiful puzzle games and tablet software -- it wants to rethink your car's dashboard, too. The company has partnered with Car ...
OlaCabs steamrolls Uber with acquisition of TaxiForSure
Govt report pins Australia's future on technology, but ignores NBN
Rolls-Royce ultimate luxury interior: Silk, cherrywood and mother-of-pearl
LG planning high-tier smartphone
Hillary Clinton: 'I want the public to see my email'
Hillary Clinton's exclusive use of a self-hosted email address has been at the center of controversy over the last few days, and now the former Secretary of State tweets that she wants those emails -- ...
Hyundai lets owners control their cars with smartwatches
Hey, Hyundai owners, it's finally here: the Blue Link companion app for smartwatches that the automaker promised back during CES this year. And yes, you can use it to remotely lock/unlock doors, start/stop ...
Microsoft launches SA innovation centre to help startups
Etsy wants to raise up to $300 million by going public
Etsy, yes that marketplace for handcrafted and bespoke goods, plans to raise money not by selling custom crocheted rabbit hats or bohemian jewelry, but by doing an initial public offering. The Brooklyn ...
Why You Need Interns, and Why You Should Pay Them
What do Bill Gates, Steve Jobs, Ursula Burns, Tony Adams and Andrea Jung have in common? All are successful CEOs. All are heads of profitable, respected companies. And believe it or not, they all got their start as interns. If a business is questioning whether or not interns add value, consider this: would you have passed up having talent...
Calls for independent oversight of Australia's website blocking laws
The big US carriers will shut down their mobile wallet this month
There was no question that AT&T, T-Mobile and Verizon gave up on their Softcard mobile payment service when they agreed to pre-install Google Wallet, but it's now apparent that they're beating an especially ...
Chinese online game company NetEase eyes US expansion
FTC offers a $25,000 prize if you can trap robocallers
Yep, the Federal Trade Commission still hates robocalls as much as you do. The agency has launched a contest where you'll get a $25,000 top prize if you develop technology that sends illegal automated ...
Daily Roundup: Nintendo and indie gaming, HTC's attempt at VR and more!
Apple said to delay production of larger iPad
RIP robot dogs: Funerals held for metal mutts
Gemalto, Tapit use NFC platform to simplify mobile payments
Tomorrow Daily 139: Nvidia Shield, an online comic book class taught by Stan Lee and more
On today's show, we discuss the new set-top box future of Nvidia Shield, explain how you can take a comic book course taught by Stan Lee himself, and check out NASA's SUPERball, a robot that might someday explore moons in our solar system.>
The Associated Press is automating college sports news, too
Etsy seeks to raise $100 million in IPO
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