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Stock Market & Financial Investment News

News Breaks
February 5, 2013
06:55 EDTTI, TI, TI, WFC, WFC, WFC, BAC, BAC, BAC, WMT, WMT, WMT, IFX, IFX, IFX, VNTV, VNTV, VNTV, DFS, DFS, DFS, PAY, PAY, PAY, XRX, XRX, XRX, ACN, ACN, ACN, AXP, AXP, AXP, MA, MA, MA, V, V, VSmart Card Alliance to host a summit
6th Annual 2013 Payments Summit is being held in Salt Lake City, Utah on February 5-7.
News For V;MA;AXP;ACN;XRX;PAY;DFS;VNTV;IFX;WMT;BAC;WFC;TI From The Last 14 Days
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January 29, 2016
07:28 EDTXRXXerox to hold a conference call
Management discusses the company separating into two independent publicly-traded companies on a conference call to be held on January 29 at 10 am. Webcast Link
07:16 EDTXRXXerox CEO says would field any offers if bidders expressed interest
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07:13 EDTXRXBurns says 'big shift' in healthcare markets played role in break-up decision
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07:05 EDTXRXXerox CEO: Icahn had 'nothing to do' with initiating review that led to split
Xerox Chairman and CEO Ursula Burns is speaking on CNBC.
06:51 EDTWMTJury says Wal-Mart must by pharmacist $31.22M in gender bias case, Reuters says
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06:49 EDTXRXXerox board increases quarterly dividend 11% to 7.75c per share
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06:49 EDTXRXXerox sees Q1 adjusted EPS 21c-24c, consensus 21c
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06:49 EDTXRXXerox and Carl Icahan enter agreement related to governance of BPO
Xerox and Carl C. Icahn announced that they have entered into an agreement related to the governance of the Business Process Outsourcing company that will be created as a result of the planned separation of Xerox into two independent, publicly-traded companies, which was announced earlier today. Under the agreement, when the separation is complete, the BPO company will have certain best-in-class corporate governance provisions and a Board of Directors composed of nine members: six directors selected by Xerox and three directors selected by Icahn. In addition, in connection with the planned separation, Xerox agreed that a committee of its Board of Directors will begin searching for an external candidate to be Chief Executive Officer of the BPO company and to allow a person selected by Icahn to observe and advise the committee in that search process.
06:49 EDTXRXXerox sees FY16 adjusted EPS $1.10-$1.20, consensus 99c
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06:48 EDTXRXXerox reports Q4 adjusted EPS 32c, consensus 28c
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06:48 EDTXRXXerox to begin separation process when it finalizes transaction structure
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06:47 EDTXRXXerox announces three year strategic transformation program
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06:47 EDTXRXXerox to separate into two public companies
Xerox announced today the results of its review of the company's portfolio and capital allocation options announced in October 2015. The board of the company has unanimously approved management's plan to separate Xerox into two independent publicly- traded companies. The Document Technology company will continue to be a global leader in document management and document outsourcing with approximately $11 billion in 2015 revenue. The Business Process Outsourcing (BPO) company will be an industry leader that helps clients improve the flow of work by leveraging its expertise in managing transaction-intensive processes and applying innovations to automate and simplify business processes. With approximately $7 billion in 2015 revenue - more than 90% of which is annuity based - the company is focused on attractive growth markets including transportation, healthcare, commercial and government services.
06:46 EDTXRXXerox to separate into two public companies
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