Xerox

NEW YORK — Xerox Corp.’s chief executive will try to copy the success of her predecessor now that it’s her company to run. Chief executive Ursula M. Burns — the first black woman to lead a company as big as Xerox — will add the role of chairman when Anne M. Mulcahy, 57, retires May 20. That will leave Xerox without the leader who spent the past decade reshaping a company that had been on the verge of disaster. Mulcahy took charge in 2001 amid mounting losses and a federal investigation into the company’s accounting practices.

Xerox more than doubled its fourth-quarter net income as the company put some restructuring behind it and benefited from a freeze on a number of its pension plans. Earnings reached $375 million, or 26 cents per share, in the October-to-December period. That's up from net income of $171 million, or 12 cents per share, in the same period a year earlier. Excluding special items, Xerox earned 33 cents per share, matching the average forecast of analysts polled by FactSet. In December, Xerox announced an expanded freeze of defined-benefit pension plans, amending them to end benefit...

A Xerox Corp. company says it will hire 225 people for a call center in Colorado Springs. ACS said Tuesday it is expanding its workforce in the region to provide customer support for a Fortune 500 client. The client was not identified. ACS and Xerox already employ about 1,600 people in Colorado.

NEW YORK - Jacob E. Goldman, a physicist who as chief scientist at Xerox founded the company's vaunted Palo Alto Research Center, which invented the modern personal computer, died Tuesday in Westport, Conn. He was 90. The cause was congestive heart failure, his son Melvin said. Emblematic of a time when US corporations invested heavily in basic scientific research, Dr. Goldman played an important role both at the Ford Motor Co. during the 1950s and later at Xerox in the 1960s and 1970s, in financing basic scientific research in an effort to spark corporate innovation.

Xerox Co. plans to acquire the Italian customer service firm XL World to boost its outsourcing business in Europe, the printer and copier maker said Wednesday. Financial terms were not disclosed. Xerox's business services division, Affiliated Computer Services, is buying XL World. Xerox acquired ACS in 2010 to boost its services offerings for companies after its traditional office equipment business suffered a steep drop-off during the recession. Founded in 2000, XL World is focused on the telecommunications sector.

HARTFORD - Xerox Corp. unveiled a new logo yesterday intended to scuttle its old image as a photocopier manufacturer and highlight its software, color printers, and other technologically updated products. "There has been a perception gap in the marketplace," said Richard Wergan, vice president of worldwide brand marketing and advertising at the Norwalk, Conn.-based office equipment manufacturer. "Xerox is still perceived incorrectly as a copier company. We do not make copiers.

Xerox more than doubled its fourth-quarter net income as the company put some restructuring behind it and benefited from a freeze on a number of its pension plans. Earnings reached $375 million, or 26 cents per share, in the October-to-December period. That's up from net income of $171 million, or 12 cents per share, in the same period a year earlier. Excluding special items, Xerox earned 33 cents per share, matching the average forecast of analysts polled by FactSet. In December, Xerox announced an expanded freeze of defined-benefit pension plans, amending them...

NATICK - Boston Scientific Corp. said yesterday the Food and Drug Administration approved the Taxus Liberte Atom, a drug-coated stent designed to hold open small blood vessels in the heart. Boston Scientific said Taxus Liberte Atom was approved for use in vessels as small as 2.25 mm in diameter. Also yesterday, Boston Scientific said Ursula Burns and Kristina Johnson have resigned from the board after accepting other appointments. Burns has been named chief executive of Xerox Corp.

"G-Force’’ represents an inconceivably tragic waste of a brilliant idea. Frankly, if you can’t squeeze a decent movie out of talking 3-D superagent guinea pigs - complete with itty-bitty night-vision goggles and jet-propelled grappling hooks - you may as well throw in the towel and consider a career in insurance. Yes, I’m talking to you, producer Jerry Bruckheimer, director Hoyt Yeatman, writers Cormac and Marianne Wibberley and the other four (at least) uncredited writers.

When the creator of Xerox described the inventor of xerography as an "unreasonable man," he meant that as a compliment of the highest order. In "Joe Wilson and the Creation of Xerox," business management consultant and investment management professor Charles D. Ellis notes that, after Chester Carlson's death in 1968, Wilson seized every appropriate opportunity to laud the intrepid innovator for his vital contributions to the progress of xerography and Xerox. On one of those occasions, writes Ellis, Wilson alluded to an observation by George Bernard Shaw in...

A Xerox Corp. company says it will hire 225 people for a call center in Colorado Springs. ACS said Tuesday it is expanding its workforce in the region to provide customer support for a Fortune 500 client. The client was not identified. ACS and Xerox already employ about 1,600 people in Colorado.

Printer and copier maker Xerox Corp. posted a 28 percent jump in its third-quarter net income Tuesday, helped by higher revenue from services like document outsourcing. The company bought outsourcer Affiliated Computer Services for $6 billion last year so it could expand lucrative service offerings. Its traditional printer and copier business had suffered during the recession as companies cut back on spending. Xerox shares rose 29 cents, or 3.6 percent, to $8.29 in premarket trading.

Xerox Corp. on Thursday said its board declared a quarterly dividend of 4.25 cents. The business machine company said the dividend is payable on Jan. 31, to shareholders of record on Dec. 30.

Xerox Corp. has received a $103 million printing and technology services contract from the Department of Defense, the printer and copier maker said Thursday. Under the five-year deal, Xerox will manage the in-house printing for the Defense Logistics Agency Document Services. Xerox said Thursday that it has provided services to the Department of Defense for more than 40 years. Last month the Norwalk, Conn. company named Sara Martinez Tucker as a board member.

Xerox Co. plans to acquire the Italian customer service firm XL World to boost its outsourcing business in Europe, the printer and copier maker said Wednesday. Financial terms were not disclosed. Xerox's business services division, Affiliated Computer Services, is buying XL World. Xerox acquired ACS in 2010 to boost its services offerings for companies after its traditional office equipment business suffered a steep drop-off during the recession. Founded in 2000, XL World is focused on the telecommunications sector.

Xerox Corp. said Friday its second-quarter profit jumped 41 percent, as higher service revenue offset a decline in technology and equipment sales stemming from the March earthquake and tsunami in Japan. The printer and copier maker also raised its earnings forecast for the year. Xerox reported net income of $319 million, or 22 cents per share, up from $227 million, or 16 cents per share, in the same quarter last year. Excluding amortization costs and other one-time charges, the company posted an adjusted profit of $393 million, or 27 cents per share, up from $342...

There’s a new sheriff in town, and he’s looking to put a progressive stamp on one of the oldest law enforcement agencies in the state. Middlesex Sheriff Peter Koutoujian last week unveiled a program, set up in collaboration with Xerox Corp., that he hopes will provide training in graphic design and digital printing for inmates while saving money on printing costs for taxpayers, and reducing the number of repeat offenders. “Education is a way out, a way to prevent recidivism and protect public safety,’’ he said last week in an interview at the Middlesex House of Correction in...

NEW YORK - Xerox Corp. said yesterday it will buy Affiliated Computer Services Inc. for about $6.4 billion in cash and stock, joining the expensive race among technology companies to broaden their offerings. Xerox said the deal will create a $22 billion business that combines Xerox’s copiers, printers, and document management services with the “business process outsourcing’’ of Dallas-based ACS. Outsourcers like ACS take on tasks for other companies, such as helping to manage payroll or run health care plans.

There’s a new sheriff in town, and he’s looking to put a progressive stamp on one of the oldest law enforcement agencies in the state. Middlesex Sheriff Peter Koutoujian last week unveiled a program, set up in collaboration with Xerox Corp., that he hopes will provide training in graphic design and digital printing for inmates while saving money on printing costs for taxpayers, and reducing the number of repeat offenders. “Education is a way out, a way to prevent recidivism and protect public safety,’’ he said last week in an interview at the Middlesex House of Correction in...