News on Yacktman Svc Fund (YACKX)Tuesday September 2nd 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. ...
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Latest business news
Tuesday September 2nd 2014: Latest financial news from the worldAsian shares inch down, dollar on top of the heap
By Lisa Twaronite TOKYO (Reuters) - Asian shares inched lower early on Wednesday after a lackluster day on Wall Street, while the dollar was close to 14-month highs against a basket of major currencies after data underscored that the U.S. The Institute for Supply Management said its U.S.
Home Depot says probing 'unusual activity' after data breach report
Home Depot Inc said on Tuesday it was working with law enforcement to investigate "some unusual activity" related to customer data but that it could not confirm if it had become the latest retailer to be hit by a large-scale security breach. "At this point, I can confirm that we’re looking into some unusual activity and we are working with our banking partners and law enforcement to investigate," Home Depot representative Paula Drake wrote in an emailed statement to Reuters. "If we confirm that a breach has occurred, we will make sure customers are notified immediately." The statement came after security website KrebsonSecurity first reported that multiple banks had seen evidence that Home Depot may be the source of stolen credit and debit cards put up for sale on underground markets. Retail customers faced a massive data breach during last year's holiday season when hackers stole at least 40 million payment card numbers and 70 million other pieces of customer data from Target Corp .
BP asks court to remove claims administrator in Gulf spill case
BP Plc asked a U.S. District Court in New Orleans said the lawyer, Patrick Juneau, lacks neutrality because he had advocated for claimants before the court appointed him to run the claims program. It was the latest in a series of legal challenges filed by the London-based oil major, which has complained previously that Juneau has been too generous and liberal when approving claims. Juneau has said he is just applying the rules of the 2012 settlement agreement that was approved by U.S.
Celebrity hacking clouds Apple's upcoming product launch
By Christina Farr and Edwin Chan SAN FRANCISCO (Reuters) - Apple Inc has often displayed uncanny timing, with its well-orchestrated end-of-year iPhone releases. In the wake of the breach, cybersecurity experts and mobile developers have called out inadequacies in Apple’s and, more generally, cloud-services security. Thousands have taken to Twitter to express their frustrations with the company. Some security experts faulted Apple for failing to make its devices and software easier to secure through two-factor authentication, which requires a separate verification code after users log in initially.
U.S. SEC charges Houston adviser with not disclosing fund payments
A Houston-based investment advisory firm steered clients to certain mutual funds without disclosing that it was receiving payments from the broker who offered those funds, the U.S. Robare Group Ltd received a percentage of every dollar that its clients invested in the mutual funds, the SEC said in the complaint. The conflict of interest, which was unknown to investors, generated about $440,000 in additional revenue for the firm, the SEC said. We intend to defend the allegations vigorously," said Alan Wolper, a Chicago-based lawyer who is representing the firm and its co-owners.
Abercrombie resolves CEO pay lawsuit, to tighten governance
Abercrombie & Fitch Co's board agreed to make governance changes to resolve a lawsuit objecting to its awarding longtime Chief Executive Officer Michael Jeffries more than $140 million of compensation since 2007. Abercrombie agreed to appoint a chief ethics and compliance officer, tie executive pay more closely to performance, bolster anti-corruption compliance training, and limit access to nonpublic data to Jeffries' partner and other third parties, among other provisions, court papers show. A Florida pension plan, the City of Plantation Police Officers' Employees' Retirement System, is the plaintiff. "Many lawyers try to shoot first and ask questions later," Mark Lebovitch, a partner at Bernstein, Litowitz, Berger & Grossmann representing the plaintiff, said in an interview.
Shell CEO says U.S. should export oil to stabilize markets
"Policymakers here in the United States should embrace a truly liberalized, diverse and global energy market," Shell Chief Executive Officer Ben van Beurden told an energy conference at Columbia University in New York. The United States has banned most crude exports since the Arab oil embargo of the 1970s.
Credit Suisse says investigating allegations of employee misconduct
Credit Suisse said it was investigating allegations of trader misconduct reported in The Wall Street Journal on Tuesday. The Wall Street Journal, citing sources familiar with the matter, said the Swiss bank had suspended an employee as part of an internal probe into electronic communications. The newspaper said Zoe Henderson, a trader on the European equities sales desk in London, was alleged to have improperly shared client information with her husband, Toby Henderson, a trader at rival bank RBC Capital Markets. The Wall Street Journal reported that the internal probe also uncovered communications from Henderson in which she complained about improper behaviour by her colleagues.
Aston Martin may lose U.S. dealers without safety exemption
Aston Martin dealers say they are in danger of closing if federal regulators refuse to give them an exemption to safety rules that would allow them to keep selling all four models the British luxury sports car maker produces. Aston Martin dealers cannot sell DB 9 and Vantage models produced after Aug. 31. The 101-year-old maker of sports cars, including James Bond’s original car of choice, asked the National Highway Traffic Safety Administration in March for an exemption of up to three years to federal side-impact safety standards. Aston Martin says lack of an exemption would cause "substantial economic hardship" to the money-losing brand.
Boeing shares slip after first 'underperform' rating since 2009
By Alwyn Scott NEW YORK (Reuters) - Boeing Co shares slipped 1.3 percent on Tuesday after a pair of downgrades from highly ranked analysts, including one who cut the stock outlook to "underperform." The underperform rating by The Buckingham Research Group, a New York-based broker-dealer, marked the first such rating for Boeing's stock since 2009, according to data by Thomson Reuters. In 2009, Boeing was suffering from delays in bringing its 787 Dreamliner to market. Buckingham also cut its price target for Boeing shares to $101, well below the current price of over $125. Analyst Richard Safran, ranked third among 23 Boeing analysts for estimate accuracy and recommendation performance, wasn't immediately available for comment.
US stock market ends slightly lower
Back to School for Entrepreneurs: 7 Must-Read Books
Labor Day has passed, and for millions of young Americans, another school year has begun. For many, after a summer break, it's time once again to "hit the books."However, that's not necessarily the case with most American adults.According to a 2002 presentation by Jerrold R. Jenkins, Chairman and CEO of The Jenkins Group, in which he cited...
Want a Bigger Business? Make it Personal
It's an old cliché, and we've all heard it: "It's not personal, it's just business." Really?Anyone who can dismiss a business as being anything but personal probably never owned one. As entrepreneurs, our business are a huge part of who we are; it is our art, our concerto, and our masterwork. For most entrepreneurs, the very mention of being...
Which Advertising Platform Works Best? Apple, Facebook or Twitter?
Which is the best place to advertise online of these three outlets: Apple, Facebook or Twitter? We decided to put them to the test for our mobile venture hapn that lets people make photo stories together.The results surprised us and gave us powerful insight into how best to use these platforms that may help you as a business owner to decide. ...
What Is Your Curiosity Quotient?
When I engage my Hult business students on elements of strategic influence, I first ask them to think about those in their life who have deeply influenced them and why. When I look at my own list there is a common thread that runs through each of these individuals - irrespective of age, gender, or cultural background - those who have deeply...
Majority of Executives Believe Attackers Will Overcome Corporate Defenses
Many technology executives don’t have a favorable outlook on their ability to sideswipe cybercriminals, according to research conducted by McKinsey and World Economic Forum.The research also shows that both big and small businesses lack the ability to make sturdy decisions, and struggle to quantify the effect of risk and resolution plans....
Innovation: Old Crops, New Soil
Did you know that some of the largest chapters of agricultural groups like the Future Farmers of America are in urban centers? This may surprise you: some of the biggest breakthroughs in farming aren't happening on farms--they're happening in big cities. The popularity of urban farming--or "vertical farming"--brings new challenges to an old...
5 Trends Shaping the Future of Work
Since the dawn of business there has been a certain style of how and when work should be done. It flows from the top down: beginning with the organization, to the managers, and then employees. In this case organization refers to C-level executives and key stakeholders; those at the very top of the business. This group of people has been making...
6 Ways to Get Introverts Into Your Store
Half of people are introverts, yet the vast majority of brick and mortar stores are designed as if all shoppers are extroverts. Unlike extroverts, who are often gregarious and talkative, introverts prefer quiet and solitude, and tend to speak only when something must be said. On behalf of introverts everywhere, I can assure you that treating...
Why Today's Parents Have No Business Giving Their Kids Advice
The world isn't what it used to be.Prior to Generation X you could get and maintain a well-paying job and stay there for 20-40 years. Those days are long gone. As we move from one generation to the next, parents pass along life advice to their children hoping to inspire them to achieve what they did and more. That was the model for parenting...
5 Resume Rules You MUST Ignore
What works and doesn't work for job search has changed substantially in the last few years. Technology and the economy have changed many of the basic "resume rules" we have trusted in the past.Unless the employer is small, with fewer than 100 employees, the process of posting jobs and collecting resumes is automated. Succeeding in today's...
10 Steps to Getting a Raise
If you are afraid to ask for a raise, you are not alone. Most people, no matter how self-confident they are, feel quite anxious about this issue. But good work should be rewarded and most companies know that great talent is hard to come by and turn over costs are expensive. If you're doing an outstanding job, your bosses will do what it takes...
My Banned Word Holiday Rant
According to the US Department of Labor (www.dol.gov), Labor Day (the first Monday in September) is a creation of the labor movement and is dedicated to the social and economic achievements of American workers. It constitutes a yearly national tribute to the contributions workers have made to the strength, prosperity and well-being of our...
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...
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