Business Management - Finance/Financial
The coalition implores the members of congress to provide USPS with adequate emergency funding in the coronavirus relief package, warning that any less than $15 billion would be devastating.
COVID-19's effect on the economy has been profound. How this all plays out will depend on the economy’s underlying health and the effectiveness of support. Drawing on the resources of federal, state, and local agencies is important — there’s no reason to go it alone. Here are some suggestions for printers.
Heidelberg's management board has adopted a previously announced action package to reduce structural costs and improve profitability. The company plans to cease production on unprofitable businesses and reduce its global workforce by up to 2,000 jobs, among other strategic moves.
The Xerox offer undervalues HP and disproportionately benefits Xerox shareholders, Chip Bergh, chair of HP’s board of directors, said. It would leave HP shareholders with an investment in a combined company that is burdened with an irresponsible level of debt and unrealistic, unachievable synergies.
The ongoing skirmish between R.R. Donnelley & Sons and Chatham Asset Management, its largest bondholder, is turning into a war over a Poison Pill.
2020 promises to be as turbulent a year as the industry has ever witnessed, with both growth and recession on the minds of economists.
As promised, on March 2 Xerox Holdings launched a $34.9 billion hostile takeover proxy bid to acquire HP Inc. The unsolicited "hostile takeover" offer will increase cash flow, Xerox contends, which would help pare debt, increase capital returns to shareholders, and drive greater investment in innovation.
The allegations against Jonathon Whitney, 47, include that he was skimming money off of sales, misusing a company credit card, stealing and recycling printing plates for their aluminum and pocketing the cash, and running his own printing business using Falls Printing’s resources.
Though communications between the boards of Xerox Holdings and HP Inc. have been quite bitter as HP continues to reject Xerox's buyout attempt, Xerox has now sweetened its offer. But will it make a difference?
HP called Xerox's intent to nominate 11 new board members "self-serving" and reaffirmed its commitment to its shareholders.