Xerox's $33 billion buyout offer. HP said the $22-per-share bid is not in the best interest of shareholders and undervalues HP, whose stock market value is more than three times that of Xerox. However, print-maker HP left the door open to a deal in which it would buy copier-mainstay Xerox. Activist investor
who owns a 10.6% stake in Xerox, recently bought a $1.2 billion stake in HP. Icahn supports the idea of these two companies coming together.Kate Munsch | Reutersat least 4,000 jobs in a bid to achieve financial stability and those layoffs could be announced as early as this week, The New York Times reports. Last week, the office sharing startup said it lost $1.25 billion on revenue of $934 million in the third quarter. Losses were up more than 150% from the same period a year ago.
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Stocks end week of milestones at new highs; Dow tops 28,000Healthcare and technology stocks powered most of the broad rally, which helped drive the S&P 500 to its sixth straight weekly gain. The rich get riicher.
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