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Here's what you need to know now for Wednesday, Feb. 14.
The CEO called any idea about canceling a partnership that predated its Fuji merger "ludicrous," even as two large shareholders are seeking to block the deal.
Darwin Deason charges that the document technology company's joint venture with Fuji blocked any chance that it had at conducting a fair sales process
The billionaire insurgent says the deal kills any chance of the document technology company receiving a control premium for shares, which suggests that he believes that on its own Xerox could eventually find a buyer for itself.
Stocks rebounded on Wednesday.
The deal, if approved, would keep Xerox CEO Jeff Jacobson in as chief executive, even though Icahn has said he is 'incapable of creating long-term value' for shareholders.
Fujifilm will take over Xerox Corp. and combine the document company into their Fuji Xerox joint venture.
Amazon and Netflix are looking like stocks to own in spite of their strong start.
The magnetic tape cartridges in the company's products will be under review.
The U.S. International Trade Commission will launch an investigation into Fujifilm
The latest move drives home the risk of trying to guess about equities. In addition, here are five stocks that score highly based on our guru models.
Shares of Fujifilm (FUJIY) are down in early afternoon trading despite being upgraded to 'hold' from 'underperform' by Jefferies earlier today.
The company will acquire an American maker of vaccines to order, gaining a foothold in a business with the prospect of global growth.
U.S. government researchers are working to get an experimental flu drug from the Japan-based company quickly approved to treat Ebola.
The greenback was advancing against the European and British currencies Wednesday, but continued to lag behind the Japanese yen.
The Japanese yen could suddenly shoot higher against a broad range of currencies, according to HSBC.
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