Seeing Double: Copier-Printer Maker Xerox to Split in Two

Xerox Corp. said Friday it would split into two companies, one holding its legacy hardware operations and the other its business process outsourcing unit.

The printer and copier maker also will give billionaire activist investor Carl Icahn, who holds an 8.13 percent stake, three seats on the board of the business process outsourcing company.

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Xerox, whose shares had fallen more than 30 percent in the past 12 months, has been trying to turn itself around, shifting focus to software and services as business cost cutting and a switch to mobile devices hit demand for printers.

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FOR SUBSCRIBERSAbdul El-Sayed tries to woo MAHA voters as Democrats seek inroads with RFK’s supporters

FOR SUBSCRIBERSKratom-like substances are popping up in a typically benign supplement

FOR SUBSCRIBERSGOP super PAC increases its spending for Sen. Jon Husted in tough Ohio race

FOR SUBSCRIBERSRecords reveal tumultuous marriage between slain New York Times executive and wife

FOR SUBSCRIBERSFrom clean energy warrior to ‘wall of shame,’ James Talarico reverses on a fossil fuel money pledge

FOR SUBSCRIBERSCongressional staff planned official trip with luxury stops in Italy and France weeks before election

FOR SUBSCRIBERSA harrowing ordeal aboard an Israel-bound plane

FOR SUBSCRIBERSOpenAI CEO Sam Altman to skip congressional hearing on rogue AI agents

FOR SUBSCRIBERSKey DOJ lawyers departed Trump ‘grand conspiracy’ probe amid pressure to produce, source says

FOR SUBSCRIBERSTrump’s new AI chatbot often links to a site launched under Clinton 26 years ago

FOR SUBSCRIBERSAt MAHA summit, industry CEOs the movement once vilified take the stage

FOR SUBSCRIBERSThis Paralympian has two goals: Win medals and give away $500,000 to her teammates

FOR SUBSCRIBERSCornell rape allegation spotlights stringent New York state laws that have long drawn criticism

FOR SUBSCRIBERSThe debate over AI’s future rages on both coasts

FOR SUBSCRIBERSDecades-old march dispute reignites in Northern Ireland, threatening political crisis

'4-D Printing' Technique Creates Objects That Change Over Time

Larger rival Hewlett Packard Enterprise Co. also split its computer and printer businesses from its faster-growing corporate hardware and services operations last year to adjust to the post-PC computing era.