The document processing company had almost replaced Xerox CEO Jeff Jacobson with an ex-HP executive, The Deal has learned.
The plan for a variety of asset sales comes as Starboard Value's Jeff Smith is seeking to install four dissident director candidates, some of whom, if elected, would replace directors installed in a recent settlement with rival insurgent Carl Icahn
The activist fund is putting up four dissident director candidates to the company's board as part of a skirmish over the Mr. Coffee maker's divestiture plans.
The U.S. economy added 103,000 jobs in March, below expectations, as analysts said the tighter labor market may be making skilled workers harder to come by.
The U.S. economy probably added 185,000 jobs in March while wage gains accelerated, a survey of economists showed, reinforcing the Federal Reserve's case for continuing to increase interest rates gradually to keep inflation from overheating while keeping unemployment low.
Prices buoyed above the $7,000 mark for most of Tuesday. Here's what you need to know.
A sale of the rent-to-own retailer is likely to be announced in a month or two, people familiar with the situation said.
Bill Dudley, who as president of the Federal Reserve Bank of New York oversees big banks like JPMorgan and Citigroup, says bankers might police risk-taking by employees more aggressively if their compensation came in the form of bonds instead of stock. That way, they'd care more if their company could pay back its debts.
Here's what you need to know now for Thursday, March 22.
The U.S. central bank's monetary-policy committee raised benchmark borrowing costs by a quarter percentage point to a range of 1.5% to 1.75%, in Jerome Powell's first meeting as Fed chairman.
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