While you were sleeping: Xerox shares drop

Mon, 25 Apr 2016

By Margreet Dietz April 26 (BusinessDesk) - Wall Street moved lower with disappointing earnings including from Xerox and the price of oil, while investors geared up for the two-day US Federal Reserve policy meeting starting on Tuesday. Shares of Xerox sank, trading 12.2 percent at 3.08pm in New York, after the company reported results that fell short of expectations. It also downgraded some of its full-year estimates in part due to higher restructuring and separation costs. “We have accelerated our cost reduction efforts across the c...

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