Xerox's net falls but CEO declares turnaround done

Article Abstract:

Xerox Corp. posted a fall of 1% in its profits for the 2003 second quarter. However, the company's chief executive, Anne Mulcahy, said that the company has completed its turnaround strategy.

Office machines, not elsewhere classified, Office Machinery Manufacturing, Photographic equipment and supplies, Photocopy Equipment, Photographic and Photocopying Equipment Manufacturing, Strategy & planning, Sales, profits & dividends, Duplicating Machines, Xerographic Copiers, Planning, Xerox Corp., XRX, Company sales and earnings, Company earnings/profit, Photocopiers, Copying machines, Company business planning

---

Marsh faces hurdles to regain investor trust as it confronts additional set of allegations

Article Abstract:

Insurance company Marsh and McLennan Companies Inc., and its mutual fund subsidiary Putnam Investments Inc. are struggling to recover from cases brought against them by New York state Attorney General Elliot Spitzer. In addition to charges of market timing and bid-rigging, the companies may be facing investigations into potential conflicts of interest in their retirement planning and investment consulting operations.

Legal issues & crime, Financial management, Management dynamics, Executive changes & profiles, INSURANCE CARRIERS, Legal/Government Regulation, Parent-to-subsidiary activities, Subsidiary-to-parent activities, Management investment, open-end, Management, Officials and employees, Company legal issue, Cases, Insurance industry, Practice, Letting of contracts, Competitive bidding, Mutual fund industry, Company business management, Company financing, Putnam Investments Inc., Marsh & McLennan Companies Inc., Spitzer, Eliot, Subsidiaries, divisions and units, Market timing, Greenberg, Jeffrey W.

---

Similar abstracts:

• Abstracts: Lazard's shares drop in debut as private control ends at firm. Slow-going Eurobond session absorbs two debut offerings
• Abstracts: Market size: sauces, dressings & condiments per capita volume & value. Market forecasts: trends to watch - sauces, dressings & condiments
• Abstracts: Credit Suisse's Quattrone resigns amid pressure of legal probes. As stocks slide, Wall Street binges
• Abstracts: British Airways plans measures to cut costs, increase output. Spain and Argentina reach an accord to save Aerolineas
• Abstracts: David Farr replaces Charles Knight as Emerson's chief executive officer. Conseco gives CEO rich severance, continuing pattern

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.