Moody's puts Xerox rating below investment grade; action adds to concerns about liquidity
Article Abstract:
Moody's Investors Service has downgraded its rating of Xerox Corp. debt to junk bond status. Xerox may have to buy back or set aside funds to cover $110 million in derivative contracts. In addition it may be necessary to refinance $315 million in accounts receivable by February.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
Facing slump and big debts, Xerox hires consulting firm
Article Abstract:
Xerox Corp. has hired Blackstone Group to advise it on how best to improve its balance sheet in the face of $2.7 billion in debt that comes due in 2001. The company says it has no plans to file for bankruptcy. Xerox continues its divestiture program, and is in talks to sell half of its stake in Fuji Xerox to Fuji Photo Film.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
Upbeat Xerox reports lower-than-expected loss in first quarter
Article Abstract:
Xerox Corp. had an operating loss of $86 million in the first quarter. The loss was equivilent to about 12 cents a share that was lower than analysts expectations of 28 cents a share.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: The case of the flickering pixels; software makers are hot on the trail of computer text that won't make you squint
- Abstracts: A long courtship ends as Deutsch, the last of the big independents, says yes to Interpublic. Hard to believe, but the direct marketer Draft Worldwide will acquire the iconoclastic AG
- Abstracts: Online investment start-up gives 'little guys' chance at big wealth. Venture capitalists, athletes team for investment
- Abstracts: Not-so-golden years: nursing homes face cutbacks, closures; patients face uncertain future. Litigation grows in ailing nursing home industry
- Abstracts: BellSouth lowers earnings expectations for next fiscal year. Qwest stock dips on news of 13,000 layoffs