News on Yacktman Svc Fund (YACKX)Wednesday January 28th 2015
Latest news for Yacktman Svc(YACKX) (See analysis on YACKX)
Aggregared News for Yacktman Svc(YACKX) from various sourcesPoor performance catching up with active stock fund managers
Poor performance catching up with active stock fund managers
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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
Wednesday January 28th 2015: Latest financial news from the worldApple, Boeing lift Wall Street; Fed eyed
U.S. stocks rose on Wednesday, boosted by earnings including Apple and Boeing, while focus could shift later in the day to the Federal Reserve's first two-day policy meeting of the year. The Fed is expected to signal it remains on track to begin raising interest rates later this year, as it shows confidence that low inflation and rising risks from abroad have yet to derail the U.S. economic recovery. The Nasdaq Composite jumped, powered by a 7.9 percent advance in Apple shares to $117.75. Apple smashed Wall Street expectations with record sales of big-screen iPhones in the holiday shopping season, which helped the company post the largest quarterly profit in corporate history.
Boeing fourth-quarter profit surges; sees cash rise in 2015
Boeing Co reported a 23 percent increase in core fourth-quarter profit on Wednesday, topping analysts' estimates and sending its shares up 4.3 percent. Boeing forecast a rise in cash flow to $6.2 billion in 2015, at the top end of expectations, from $4.3 billion at the end of the year. Boeing's results showed strong year-end performances across its businesses. In contrast, commercial airplane margins narrowed as Boeing delivered more 787 Dreamliners, which remain costly to produce.
Fed seen remaining patient with rate guidance amid global turmoil
The Federal Reserve is expected to signal it remains on track to begin raising interest rates later this year, as the central bank shows confidence that low inflation and rising risks from abroad have yet to derail the U.S. economic recovery. The Fed's first two-day policy meeting of the year concludes on Wednesday, and policymakers will likely restate their "patient" approach to raising rates, while also voicing faith that the economy will continue improving. Fed Chair Janet Yellen faces growing skepticism that the central bank can tighten monetary policy by mid-year, with a strengthening dollar and falling oil prices adding to worries that inflation readings remain too low for the Fed to begin hiking. "The Fed will follow through and normalize rates later this year...Our thinking is June.
iPhone sales trample expectations as profit sets global record
Apple Inc quarterly results smashed Wall Street expectations with record sales of big-screen iPhones in the holiday shopping season and a 70 percent rise in China sales, powering the company to the largest profit in corporate history. Apple's cash pile is now $178 billion, enough to buy IBM or the equivalent to $556 for every American. Apple Chief Financial Officer Luca Maestri told Reuters in an interview that the company did not sell more iPhones in China than the United States, despite some earlier predictions by research analysts. The company's success in the competitive Chinese market can be attributed to its partnership with China Mobile Ltd , the largest global mobile carrier, and the appeal of the larger screen size of the iPhone 6 and 6 Plus.
Apple seen boosting share buybacks after blockbuster results
Apple Inc's blockbuster results and a ballooning cash pile may prompt the company to boost share buybacks and dividends this year, with some analysts expecting the iPhone maker to return more than $200 billion to investors. Apple's shares rose as much as 8 percent to $118 in early trading on Wednesday, after the company posted the biggest-ever quarterly profit by a public corporation. Apple sold a record 74.5 million iPhones in the quarter and reported a 70 percent surge in China sales. "We had to increase our cell widths and chart heights after Apple's blow-out December-quarter print," RBC Capital Markets analysts wrote, raising their price target to $130 from $123.
Fiat Chrysler meets full year profit guidance
Fiat Chrysler Automobiles reported full-year operating profit in line with its guidance on Wednesday as strong results from North America and improving operations in Europe and Asia managed to offset weakness in Latin America. The world's seventh-largest carmaker, which moved its primary listing to New York in October and is due to spin off luxury unit Ferrari later this year, reported core 2014 operating profit of 3.65 billion euros ($4.14 billion). This falls within a guidance range of between 3.6-4.0 billion euros and is above an analyst forecast of 3.4 billion euros, according to Thomson Reuters SmartEstimate. In 2015, FCA forecast core operating profit of between 4.1-4.5 billion euros, while revenues are seen rising to around 108 billion euros.
Cost-cutting VW bets big to revamp loss-making luxury Phaeton
By Andreas Cremer BERLIN (Reuters) - With Volkswagen having embarked on a big cost-cutting drive, industry experts are baffled why the "people's car" maker plans to spend millions of euros upgrading a loss-making luxury saloon. The 76,000-euro (56,688 pounds) Phaeton, a pet project of Chairman Ferdinand Piech, has never met VW's original sales target of 20,000 cars annually. The plans appear all the more perplexing to analysts as VW has pledged to make annual cost savings of 5 billion euros at its passenger-car brand by 2017, as the world's second-biggest carmaker by sales seeks to narrow the gap with global leader Toyota . "Now it's about being leaner, faster, more efficient." His comments echoed VW's plans to reduce the number of costly parts and drop some non-profitable variants from the German group's 310-model line-up as Europe's largest automaker shoulders costs of future growth and investments in lower-emissions technology.
Nissan recalls 768,000 crossovers and SUVs for separate problems
Nissan Motor Co is recalling about 768,000 vehicles, including its popular Rogue crossover and Pathfinder SUV, for separate problems, the company and U.S. regulators said on Wednesday. Some 552,135 Rogues from model years 2008 and 2013 will be recalled because moisture could seep through the driver side floor and cause an electrical short to wiring that could lead to a fire, Nissan and the National Highway Traffic Safety Administration (NHTSA) said. No crashes or injuries have been reported due to the wiring issue, a Nissan spokesman said on Wednesday morning. Also, 215,789 Pathfinder SUVs from the 2013 and 2014 model years and 2013 Infiniti JX35 vehicles will be recalled for problems related to a secondary hood latch, Nissan and NHTSA said.
Chevron to partner BP, Conoco for Gulf of Mexico leases
(Reuters) - Oil producer Chevron Corp said it would work with peers BP Plc and ConocoPhillips to explore and appraise 24 jointly held offshore leases in deepwater Gulf of Mexico. Chevron said on Wednesday it would operate the leases, for the Gila and Tiber fields and the Gibson exploration blocks east of Gila, in the northwest part of Keathley Canyon.
Shake Shack now expects IPO to be priced higher at $17-$19 a share
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
Once-tiny Microsoft has overtaken the mighty IBM
When IBM signed up for Basic and DOS in 1980, Microsoft was tiny (40 staff) compared to Big Blue (341,279). But in the latest round of quarterly results, Microsoft unveiled bigger revenues, and it has 10x more cash in the bank.
Pro tip: Evernote keeps a complete history of all your changes
Apple launches bug-fixing iOS 8.1.3
Dell aims upgraded laptop at Mac-using creative pros
Get a Monster PowerCard mobile charger for $15
'Mad Max' on a BMX: 'Turbo Kid' is an '80s adventure with added gore, and it looks nuts
Disabled wiener dog gets a 3D printed wheelchair
Apple beats world record in quarterly profits
Twitter adds group private messaging and native video to its platform
Look like Hoth stuff in this 'Star Wars' AT-AT driver costume
Nintendo revenue tumbles, but profit remains
The Multimodal CIO for the Digital Business Era
- Stephen HawkingAccording to the 2015 State of the CIO report, there is a significant perception gap between business leaders and IT executives. Only 13% of business leaders perceive the CIO as a business partner.
Internet of Things: Governments start to take a closer look
Search Google without being tracked: Abine adds Private Search to Blur
Good Technology intros a mobility suite for newcomers
Chris Pratt to be the next Indiana Jones in Disney reboot?
Verizon launches security certificate service for IoT
Docker chief operator: Why the open source container project is taking a new shape
The meteoric rise of Docker's container technology over the past year risked putting the project under strains that its new structure will address, says recently-appointed chief operator Steve Francia.
Microsoft Surface hits $1bn revenue: Mission accomplished?
Top Windows and top Android tablet for under $100
Uber's legal struggles hamstring expansion in Asia
Infamous Regin malware linked to spy tools used by NSA, Five Eyes intelligence
LibreOffice for Android coming soon
Dell sharpens Precision M3800 workstation laptop with 4K display
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