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Conduent reports drop in earnings; CEO steps down (access required)

Shares of Conduent Inc. stock (NYSE: CNDT) rebounded slightly Friday following a more than 42 percent drop in share price Thursday. The drop—from Wednesday’s close of $12.51 to Thursday’s low point of $7.17—followed a less-than-stellar first-quarter earnings report and the resignation of Conduent chief executive Ashok Vemuri. Vemuri had come under fire in April when board ...
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