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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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,” ...

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