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  • Xerox Stock Climbs After Splitting With Business-Services Unit

    Posted on The Wall Street Journal, by Joshua Jamerson

    "Xerox Corp.’s stock basked in its first day of trading since the legacy firm of the same name split in two—while the tandem’s other publicly traded company took a hit in its debut.

    Nearly a year ago, Norwalk, Conn.-based Xerox announced plans to separate business services from its copier and printer operation, with the latter hanging on to a large chunk of cash.

    Shares of Xerox, which houses the traditional equipment business, rose nearly 20% to $6.89 on Tuesday after several analysts upgraded their outlook on the company..." [read more at www.wsj.com]