On Monday, Shares of Xerox Corporation (NYSE:XRX), loss -1.49% to $11.24, hitting its lowest level.
Xerox Corporation, solved the paper puzzle with new services and tools that improve the way retailers, financial institutions, healthcare systems and other large enterprises deal with documents.
The offerings are the latest example of Xerox building greater automation and intelligence into its solutions and products, with the aim of assisting clients better manage their critical business processes.
“Organizations can have a love-hate relationship with paper. It remains critical to everything from invoicing to collaboration, but it can also cripple productivity. That’s why workflow automation is a business priority,” said Mike Feldman, president, Large Enterprise Operations, Xerox. “Eliminating the inherent issues of manual, paper-based work streams can improve operations and accelerate benefits derived from managed print services.”
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 DryShips, Inc. (NASDAQ:DRYS), inclined 2.13% to $0.72, during its last trading session.
DryShips, and through its majority owned partner, Ocean Rig UDW Inc., or Ocean Rig, of offshore deepwater drilling services, declared its unaudited financial and operating results for the first quarter ended March 31, 2015.
First Quarter 2015 Financial Highlights
- For the first quarter of 2015, the Company stated a net loss of $59.2 million, or 8.9 cents basic and diluted loss per share.
- Comprised of in the first quarter 2015 results is an impairment charge on ten tanker vessels, of $56.6 million, or 8.5 cents per share.
- Not taking into account this item, the Company’s net results would have amounted to a net loss of $2.6 million, or 0.4 cents per share.
- The Company stated Adjusted EBITDA of $242.1 million for the first quarter of 2015, as contrast to $200.6 million for the first quarter of 2014.
DryShips Inc. provides ocean transportation services for drybulk and petroleum cargoes, and offshore deepwater drilling services. The company operates through Drybulk, Tanker, and Drilling segments. The Drybulk segment provides drybulk commodities transportation services for the steel, electric utility, construction, and agri-food industries.
At the end of Monday’s trade, Shares of Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT), lost -2.32% to $84.60.
Starwood Hotels & Resorts Worldwide, declared the signings of two new build properties: The Westin Calgary Airport, owned by PAL Hospitality Ltd., and The Westin Edmonton Gateway, owned by Neelam Investments Ltd. With these new signings, Starwood will further strengthen its footprint across Canada, while significantly bolstering its upper-upscale presence in Alberta.
With 250 guestrooms, The Westin Calgary Airport will be located directly on Calgary International Airport property. The five-story hotel will feature a Westin Club Lounge, 30,000 square feet of meeting space, restaurant and lounge. The Westin Edmonton Gateway will offer 225 guestrooms, in addition to a Westin Club Lounge, full restaurant, contemporary bar and more than 10,000 square feet of meeting space. The hotel will be located near The Anthony Henday Expressway, which encircles Edmonton, providing convenient access throughout the city and to downtown.
Both hotels will embrace the Westin brand positioning of For a better you™ by offering programs designed to inspire balance and enhance well-being, leaving guests feeling better than when they arrived. The properties will be fully equipped with the brand’s signature amenities, such as the world-renowned Westin Heavenly® Bed, the Heavenly® Bath experience, and an ergonomic work area for optimal productivity.
Starwood Hotels & Resorts Worldwide, Inc., together with its auxiliaries, operates as a hotel and leisure company worldwide. The company owns, operates, and franchises luxury and upscale full-service hotels, resorts, residences, retreats, select-service hotels, and extended stay hotels under the St. Regis, The Luxury Collection, W, Westin, Le Méridien, Sheraton, Four Points, Aloft, and Element brand names.
Finally, DDR Corp. (NYSE:DDR), ended its last trade with -1.42% loss, and closed at $17.31.
DDR, declared operating results for the first quarter ended March 31, 2015.
Financial Highlights
- First quarter operating funds from operations attributable to common shareholders (“Operating FFO”) raised $6.4 million to $107.1 million, or $0.30 per diluted share, contrast to $100.7 million, or $0.28 per diluted share, for the preceding-year comparable period.
- First quarter net loss attributable to common shareholders was $249.4 million, or $0.69 per diluted share, which compares to net loss of $23.2 million, or $0.07 per diluted share, for the preceding-year comparable period.
- Comprised of in the 2015 net loss was the impairment of 25 operating shopping centers and five land parcels totaling $279.0 million. The impairment charges were triggered by an acceleration of the Company’s asset disposition plans.
DDR Corp. is an equity real estate investment trust. It invests in the real estate markets of the United States and Puerto Rico. The firm is in the business of acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers. It formerly known as Developers Diversified Realty Corp. DDR Corp is based in Beachwood, Ohio.
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