Xerox Corp. has outlined a three-year strategy to expand its market and boost its bottom line. At an Investor Day meeting, Xerox Vice Chairman and CEO John Visentin said the company will focus on four key areas to position Xerox ...
Read More »
Xerox Corp. on Tuesday posted mixed fourth quarter results, falling short of some Street estimates. Revenue for the quarter ended Dec. 31 was $2.53 billion, a nearly 8 percent decrease from the fourth quarter last year. Net income for the ...
Tagged with: fuji visentin xerox
Read More »
Xerox Corp. shares (NYSE: XRX) fell to a near six-year low this week as Moody’s Investors Service downgraded the document company’s senior unsecured debt ratings to Ba1 from Baa3, among Moody’s lowest long-term obligation ratings and considered to have substantial credit ...
Tagged with: moody's xerox xerox fuji
Read More »
Xerox Corp. on Tuesday reported a drop in third quarter revenue and earnings, missing Street estimates for sales, but beating estimates for EPS. In the first full quarter since its leadership shakeup in May, Xerox reported a nearly 6 percent ...
Tagged with: Earnings fuji visentin xerox
Read More »
Xerox Corp.’s merger woes aren’t over yet. A New York Appellate court on Tuesday overturned preliminary injunctions that blocked Fujifilm Holdings Corp. from moving forward with a planned $6.1 billion merger of the two companies. “Plaintiffs failed to show bad ...
Tagged with: fuji mergers xerox
Read More »
Xerox Corp. has earned top honors for its environmental, social and governance standards as part of the FTSE4Good rankings. As part of FTSE Russell, the FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong environmental, social ...
Tagged with: ftse sustainability xerox
Read More »
IEC Electronics Corp. has tapped a Xerox Corp. veteran to serve as its new CFO and senior vice president of finance. Thomas Barbato spent 23 years in high level finance and operational positions at Xerox, most recently serving as vice ...
Read More »
A local engineer has been chosen to participate in an esteemed symposium. Brighton resident and Xerox Corp. engineer Jeff Fowler next week will attend the National Academy of Engineering’s 24th annual U.S. Frontiers of Engineering Symposium, a meeting of the ...
Tagged with: engineering xerox
Read More »
Xerox Corp. on Thursday confirmed plans to cut a number of jobs at its Webster facility, as well as facilities in Canada and throughout the U.S. “Xerox continues restructuring activities as part of its initiative to optimize its operations globally,” ...
Tagged with: job cuts layoffs xerox
Read More »
Xerox Corp. on Thursday reported a drop in second quarter revenues and earnings, missing Street estimates. The document company also announced plans for a $1 billion share repurchase program, and Xerox will opportunistically buy back up to $500 million in ...
Tagged with: Earnings fujifilm visentin xerox
Read More »
A local digital marketing solutions firm will serve as the new title sponsor of the Rochester International Jazz Festival. CGI Communications Inc. will succeed Xerox Corp. as the popular summer festival’s new sponsor, beginning with the 18th edition next year, ...
Tagged with: cgi jazz fest xerox
Read More »
New Xerox Corp. head John Visentin broke his silence Monday about the failed Fujifilm Holdings Corp. merger and subsequent $1 billion lawsuit brought against the document company. “We cannot stand by and let them further harm our iconic brand,” Visentin ...
Tagged with: fujifilm visentin xerox
Read More »
Xerox Corp. on Thursday announced the appointment of Steve Bandrowczak as president and chief operations officer. Bandrowczak also will serve as a member of the company’s executive committee. Bandrowczak joins the document company from Alight Solutions, where he was the chief ...
Tagged with: xerox
Read More »
Fujifilm Holdings Corp. is suing Xerox Corp. for breach of contract over the failed merger earlier this year. Fuji is seeking more than $1 billion in damages. In a complaint filed with the U.S. District Court in Manhattan Monday, Fuji ...
Tagged with: carl icahn darwin deason fuji fujifilm xerox
Read More »
Rochester Business Journal Leading source of business news and information in Rochester, N.Y.
