video Finance Videos
Investors cheer Xerox split
Friday, January 29, 2016 - 01:12
Xerox's beleaguered stock got a boost after the company agreed to split into two companies, something activist investor Carl Icahn had been advocating. Bobbi Rebell reports.
▲ Hide Transcript
▶ View Transcript
Xerox is splitting itself into two companies. one holding its legacy printer operations, the other its business processing outsourcing unit. Investors cheering that announcement Friday. The move comes amid pressure for a split from activist investor Carl Icahn, although the company says it was considering that strategy before he made his demands public. Reuters Breakingviews Rob Cyran explains: SOUNDBITE: ROB CYRAN, COLUMNIST, BREAKINGVIEWS (ENGLISH) SAYING: "They bought a services business so they thought, ok, that is the future. We are going to sell copiers and services. And you know it didn't really work. The services business is ok, but the copier business is melting down. 12:10:10 And then Icahn said look these business are stupid they don't belong together." Icahn will also get three board seats on the outsourcing company. Gerber Kawasaki's Ross Gerber applauds the move: SOUNDBITE: ROSS GERBER, CEO, GERBER KAWASAKI (ENGLISH) SAYING: "Carl Icahn is doing a service to the American people by basically attacking all the big old stodgy companies out there and buying up large stakes and then forcing them to split up which is ultimately good for these companies." Xerox's two businesses may not stay independent. Xerox said it would speak to anyone interested in buying either company. The top executives and the names of the two companies are still undecided.
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code
Investors cheer Xerox split
Friday, January 29, 2016 - 01:12
Top News »
3:29am GMT - (1:35)
Tue, 20 Nov, 2018 - (1:27)
Tue, 20 Nov, 2018 - (1:11)
Tue, 20 Nov, 2018 - (1:36)
Tue, 20 Nov, 2018 - (1:30)
Tue, 20 Nov, 2018 - (1:52)
Mon, 19 Nov, 2018 - (1:37)
Mon, 19 Nov, 2018 - (0:43)
Mon, 19 Nov, 2018 - (0:50)
Mon, 19 Nov, 2018 - (1:52)
Mon, 19 Nov, 2018 - (1:27)
Editors' Picks »
Tue, 20 Nov, 2018 - (2:02)
Tue, 20 Nov, 2018 - (1:34)
Tue, 20 Nov, 2018 - (1:49)
Tue, 20 Nov, 2018 - (1:55)
Mon, 19 Nov, 2018 - (1:33)
Thu, 15 Nov, 2018 - (3:37)
Wed, 14 Nov, 2018 - (2:30)
Tue, 13 Nov, 2018 - (1:21)
Mon, 12 Nov, 2018 - (1:55)
Business »
10:25am GMT - (1:29)
7:23am GMT - (1:30)
9:14am GMT - (1:29)
Tue, 20 Nov, 2018 - (1:27)
Tue, 20 Nov, 2018 - (4:29)
Tue, 20 Nov, 2018 - (1:58)
Tue, 20 Nov, 2018 - (3:33)
Tue, 20 Nov, 2018 - (1:12)
Tue, 20 Nov, 2018 - (0:53)
Tue, 20 Nov, 2018 - (1:24)
Tue, 20 Nov, 2018 - (2:12)
Tue, 20 Nov, 2018 - (1:30)
Featured Videos
Scientists scramble to save axolotl salamander
Mexico's axolotl salamander faces a doomsday scenario: dirty water, ravenous non-native fish and the steady encroachment of one of the world's biggest mega-cities
Home is best for new breed of Nigerian tour operators
Entrepreneurs in Nigeria want to make their country as appealing as other African hotspots like Kenya and Tanzania
How rugby could tackle Japan's tattoo angst
World Rugby has advised players to cover-up tattoos during next year's World Cup in Japan, but many advocates for the body art hope the arrival of inked athletes sparks a debate in a country with a complicated relationship with tattoos
A second chance for 300 derelict islands in Dubai
Three hundred man-made islands. Streets with artificial snow under a desert sun. This ambitious real-estate project in Dubai has laid largely dormant since the 2008 financial crisis, but one developer is trying to make it come back in a big way
From gunbattles to tourism: Colombia's ex-rebels turn rafting guides
A group of former rebel fighters, who traded their guns, battle fatigues and heavy rucksacks for paddles, helmets and life jackets, launch four rafts laden with visitors into the turbulent Pato River, deep in Colombia's dense Amazon jungle
Technology »
Tue, 20 Nov, 2018 - (1:39)
Mon, 19 Nov, 2018 - (2:04)
Sun, 18 Nov, 2018 - (1:31)
Fri, 16 Nov, 2018 - (1:56)
Fri, 16 Nov, 2018 - (1:13)
Thu, 15 Nov, 2018 - (1:27)
Wed, 14 Nov, 2018 - (1:56)
Wed, 14 Nov, 2018 - (1:59)
Mon, 12 Nov, 2018 - (2:05)
Entertainment »
12:12am GMT - (1:34)
Tue, 20 Nov, 2018 - (1:10)
Tue, 20 Nov, 2018 - (0:46)
Tue, 20 Nov, 2018 - (1:07)
Tue, 20 Nov, 2018 - (1:54)
Tue, 20 Nov, 2018 - (1:15)
Tue, 20 Nov, 2018 - (0:51)
Mon, 19 Nov, 2018 - (1:35)
Mon, 19 Nov, 2018 - (1:18)
Sun, 18 Nov, 2018 - (1:14)
Sports And Leisure »
Tue, 20 Nov, 2018 - (0:55)
Tue, 20 Nov, 2018 - (1:19)
Tue, 20 Nov, 2018 - (4:38)
Tue, 20 Nov, 2018 - (1:33)
Mon, 19 Nov, 2018 - (2:30)
Mon, 19 Nov, 2018 - (0:36)
Fri, 16 Nov, 2018 - (0:32)
Thu, 15 Nov, 2018 - (0:32)
Thu, 15 Nov, 2018 - (1:07)
Oddly Enough »
Tue, 20 Nov, 2018 - (1:27)
Mon, 19 Nov, 2018 - (1:02)
Fri, 16 Nov, 2018 - (1:01)
Thu, 15 Nov, 2018 - (1:31)
Thu, 15 Nov, 2018 - (1:22)
Wed, 14 Nov, 2018 - (2:03)
Tue, 13 Nov, 2018 - (1:33)
Tue, 13 Nov, 2018 - (1:25)
Fri, 09 Nov, 2018 - (0:35)
Fri, 09 Nov, 2018 - (1:12)