On Friday, Shares of Xerox Corp (NYSE:XRX), dropped -1.12% to $10.56.
Xerox, declared the completion of the formerly declared sale of its Information Technology Outsourcing (ITO) business.
The transaction enables Xerox to enhance its focus and resources on expanding its Business Process Outsourcing (BPO) and Document Outsourcing (DO) businesses, areas where the company has competitive and market advantage.
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.
Broadcom Corporation provides semiconductor solutions for wired and wireless communications. Its products offer voice, video, data, and multimedia connectivity in the home, office, and mobile environments.
Shares of Broadcom Corporation (NASDAQ:BRCM), climbed 0.73% to $52.28.
News Highlights:
- Hangzhou H3C Technologies Co., Limited - Partnership on the integration of cloud and Internet services
- Inspur Group – Partnership to drive continued innovation in Ultra HD set-top box offerings for China
- StarTimes – Joint design and development of low cost set-top boxes and high end Ultra HD gateways
Broadcom Corporation (BRCM), a global innovation leader in semiconductor solutions for wired and wireless communications, recently declared a series of Memorandum of Understanding (MOU) agreements with several Chinese companies, counting H3C, Inspur and StarTimes. The signing of these agreements at Broadcom’s annual Asia Media Summit reflect the company’s ongoing commitment to expand planned relationships in the region and drive further innovation in home entertainment and the digital home. For more news, visit Broadcom’s Newsroom.
Broadcom Corporation provides semiconductor solutions for wired and wireless communications. Its products offer voice, video, data, and multimedia connectivity in the home, office, and mobile environments. The company operates in two segments: Broadband and Connectivity, and Infrastructure and Networking.
Finally, Whiting Petroleum Corp (NYSE:WLL) , lost -0.54% $ 31.33.
Whiting Petroleum Corp, declared the results of its offer to exchange (the “Exchange Offer”) all of its outstanding, unregistered 6.25% Senior Notes due 2023 (the “Original Notes”) issued March 27, 2015, for new, registered 6.25% Senior Notes due 2023 (the “New Notes”). Whiting has been advised by The Bank of New York Mellon Trust Company, N.A., the exchange agent for the Exchange Offer, that, as of 5:00 p.m., New York City time, July 1, 2015 (the “Expiration Date”), holders of 99.9% of the $750 million aggregate principal amount of Original Notes (not taking into account Original Notes tendered by guaranteed delivery) had validly tendered following the terms of the Exchange Offer. The settlement date for the Exchange Offer is predictable to occur on July 8, 2015.
Under the terms of the Exchange Offer, eligible holders of the Original Notes who had validly tendered at or before the Expiration Date will receive, for each $1,000 principal amount of the Original Notes tendered, $1,000 principal amount of the New Notes, offered that such Original Notes tendered in the Exchange Offer were in minimum denominations of $2,000 principal amount and any integral multiples of $1,000 in excess thereof.
Whiting Petroleum Corporation, an independent oil and gas company, acquires, explores, develops, and produces crude oil, natural gas liquids, and natural gas in the Rocky Mountains and Permian Basin regions of the United States. It sells oil and gas to end users, marketers, and other purchasers.
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