– Expects a significant improvement in capital structure to support future growth and profitability – Operations to continue as usual at all facilities – $750 million in new financing provides ample liquidity
Xerox Corporation (NYSE: XRX) announced today fourth-quarter 2008 financial performance that, including previously disclosed restructuring charges, resulted in break-even earnings per share and adjusted earnings per share of 30 cents.
The organisers of Ipex 2010 will host a series of international roadshows which will take place in a number of key territories throughout 2009.
AbitibiBowater Inc. is pleased to announce the appointment of Richard B. Evans to the position of Chairman of the Board of Directors of the Company, effective February 1, 2009.
MeadWestvaco Corporation (NYSE: MWV) announced today it will discontinue its Consumer & Office Products envelope manufacturing and distribution operation at the plant located in Enfield, Conn., and restructure envelope operations in other areas. These actions are part of the companys accelerated strategic cost management plan, announced Jan. 15, to reduce its overhead cost structure, optimize its manufacturing footprint, and realize sourcing savings throughout its supply chain.
Morgan Also Elected to Board of Directors
Kyocera Mita Corporation (President: Katsumi Komaguchi, “Kyocera Mita”) had previously announced on November 18, 2008 that it would submit a voluntary public takeover offer (“Takeover Offer”) to the shareholders of TA Triumph-Adler AG (Spokesman of the Management Board: Robert Feldmeier, “TAAG”).
