Days after revealing that activist investor and Xerox Holdings Corp. majority shareholder Carl Icahn had purchased $1.2 billion in Hewlett Packard Inc. stock—a sign that the 83-year-old investor wholeheartedly backed a merger between the two companies—HP announced it had rejected ...

Tagged with: fuji hp merger xerox

A federal jury on Friday convicted Richard Leon Wilbern for the fatal robbery of the Xerox Federal Credit Union in Webster in 2003. Wilbern, 59, fatally shot Raymond Batzel during the crime and wounded another customer, Joseph Doud. The jury ...

Tagged with: Rochester webster xerox

Xerox Holdings Corp. is reportedly in talks with HP Inc. to acquire the computer and printer giant, a deal valued at more than $27 billion. And it’s a deal that could mean good things for Xerox’s Webster campus, one local ...

Tagged with: george conboy hewlitt packard hp visentin xerox

The feud between Xerox Holdings Corp. and Fujifilm Holdings Corp. may finally be over. Fuji has agreed to acquire Xerox’s one-quarter stake in Fuji Xerox for $2.3 billion, the two companies said Tuesday. Both companies’ boards agreed to the deal, ...

Tagged with: fuji fuji xerox fujifilm komori visentin xerox

Xerox Holdings Corp. shares spiked Tuesday on earnings that surpassed Street estimates. Company stock (NYSE: XRX) had climbed 16 percent to $35.72 in heavy volume midday, eventually settling at roughly $34.50. Despite a 6.5 percent decrease in revenue to $2.2 ...

Tagged with: Earnings visentin xerox

Xerox Corp. on Tuesday reported second-quarter financials that topped Street estimates for earnings but fell short on sales. For the second quarter ended June 30, Xerox reported an 8.8 percent decrease in revenue to $2.29 billion, missing analyst estimates by ...

Tagged with: Earnings project own it visentin xerox

Xerox Corp. on Tuesday received shareholder approval to reorganize as a wholly-owned subsidiary of a new holding company. Xerox announced plans for the reorganization in March. Shares of company stock (NYSE: XRX) dropped roughly 3 percent on Wednesday as a ...

Tagged with: reorganization xerox

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 ...

Tagged with: ashok vemuri carl icahn conduent xerox

Xerox Corp. on Thursday reported mixed first quarter results that beat Street estimates for earnings but fell short of revenue expectations. For the quarter ended March 31, Xerox reported revenues of $2.21 billion, a more than 9 percent drop from ...

Tagged with: Earnings project own it xerox

A fifth Florida man has pleaded guilty to charges involving a scheme to defraud Xerox Corp. of more than $20 million in toner supplies. Robert Fisher of Daytona, Fla., pleaded guilty before US District Court Judge Elizabeth Wolford Friday in ...

Tagged with: Daytona Elizabeth Wolford Robert Fisher US District Court xerox

Xerox Corp. is exploring the possibility of a “strategic transaction” involving its customer financing business and related assets, a filing with the Securities and Exchange Commission this week shows. Monday’s filing included slides from a March 2019 presentation in which ...

Tagged with: project own it visentin xerox

Xerox Corp. plans to reorganize its corporate structure into a holding company, documents filed with the Securities and Exchange Commission Wednesday show. Following the restructuring, Xerox will become a direct, wholly-owned subsidiary of a new holding company. The purpose of ...

Tagged with: xerox

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 ...

Tagged with: visentin xerox

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

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