During Friday’s Morning trade, Shares of Xerox Corporation (NYSE:XRX), gained 0.46% to $10.99, hitting its lowest level.
Xerox Corporation, declared the appointment of Elias Mendoza as head of Corporate Business Development and Mergers & Acquisitions, effective June 29, 2015. Mendoza will succeed John Rexford who is retiring later this year.
Mendoza will lead Xerox’s overall business development strategy as well as drive initiatives that deliver on profitable growth. He will also oversee the team of internal and external resources focused on the end-to-end administration of mergers and acquisitions and all related activities.
“Elias has a deep background in identifying, executing and integrating acquisitions counting joint ventures and the disposition of existing businesses,” said Kathryn Mikells, chief financial officer of Xerox. “We are excited to have his strong abilities on the team at a time when business development is a core planned focus for our company.”
Mikells added, “We thank John for his 19 years as the Global Head of Mergers and Acquisitions for Associated Computer Services and then Xerox. He was instrumental in bringing the two companies together and has led a variety of successful acquisitions and divestitures across the enterprise. We want to wish him well.”
Xerox Corporation provides business process and document administration solutions worldwide. The company’s Services segment offers various business process outsourcing services, such as customer care, transaction processing, human resources, communication and marketing, and consulting and analytics services, in addition to finance, accounting, and procurement services.
Shares of The Charles Schwab Corporation (NYSE:SCHW), inclined 0.69% to $33.48, during its current trading session.
On June 23, The Charles Schwab Corporation, declared the launch of Institutional Intelligent Portfolios™ — an automated investment administration platform designed specifically for RIAs and sponsored by Schwab Wealth Investment Advisory, Inc. Institutional Intelligent Portfolios enables firms to reach new market segments and scale their businesses, while complementing the invaluable wealth administration services and client experience advisors.
Institutional Intelligent Portfolios offers RIA firms flexibility across portfolio construction, ETF selection, and branding for their client experience. Firms can create their own set of portfolios, reflecting their investment philosophy and choosing from more than 450 ETFs across 28 asset classes and all major fund families at their discretion. Those ETFs represent more than 80 percent of the total ETF assets presently held by advisors’ clients at Schwab, and cover nearly 100 percent of advisors’ clients’ assets invested in ETFs selected for the 28 asset classes represented in Institutional Intelligent Portfolios.
The Charles Schwab Corporation, through its auxiliaries, provides wealth administration, securities brokerage, banking, money administration, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services.
Finally, Ventas, Inc. (NYSE:VTR), gained 0.99%, and is now trading at $62.43.
Ventas, declared that it will issue its second quarter 2015 earnings release preceding to the opening of trading on the New York Stock Exchange on Friday, July 24, 2015. A conference call to talk about those earnings will be held the same day at 10:00 a.m. Eastern Time (9:00 a.m. Central Time).
Ventas, Inc. is a publicly owned real estate investment trust. The firm engages in investment, administration, financing, and leasing of properties in the healthcare industry. It invests in the real estate markets of the United States and Canada.
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