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Xerox to cut 9,000 jobs
- Xerox (XRX) plans to cut 9,000 jobs, close or consolidate facilities, and streamline operations as part of a major restructuring designed to save the office equipment giant $1 billion a year, the company said today. [News.com]
Y2K bug in court again
- The millennium bug is at the heart of yet another lawsuit filed against a software developer charged with selling products that fail to recognize and process dates starting in the year 2000. [News.com]
Y2K challenges finance industry
- Weaker asset quality, interrupted cash flow, and possibly a number of bankruptcies potentially await the finance and leasing industry because of the Year 2000 bug, according to Fitch IBCA. [News.com]
Y2K won't dent U.S. economy
- Billions of dollars spent making repairs to prepare computers for the year 2000 will likely have only a minimal effect on the U.S. economy, Federal Reserve governor Edward Kelley said yesterday. [News.com]
Yahoo launches Insurance Center
- The days of traveling insurance salesmen knocking at your door may be numbered, thanks to the Web. [News.com]
Yahoo traffic boosts profits
- Yahoo (YHOO) doubled Wall Street's pleasure today by posting earnings that were twice as strong as expected. [News.com]
Yahoo tries a new look
- Yahoo (YHOO) is getting ready for a face-lift. [News.com]
Yahoo up, Net stocks follow
- Yahoo (YHOO) has walked the walk: News of its better-than-expected profits rippled through Wall Street as the Internet search company gave hope to other Internet stocks that are still deep in the red. [News.com]
Zenith plans major reorg
- Zenith Electronics said it plans to release details in the second quarter of a major restructuring, after it reported a loss for 1997 of nearly $300 million. [News.com]
Ziff-Davis IPO set for this week
- Ziff-Davis is the biggest name on the packed schedule of companies going public this week, but analysts said its stock is a better long-term investment than a chance to make a quick profit. [News.com]
Ziff-Davis sets IPO price
- Softbank's U.S. computer publishing unit, Ziff-Davis, hopes to raise as much as $438.6 million in its initial public offering. [News.com]
Ziff-Davis shares rise after IPO
- Ziff-Davis, the publisher of PC Magazine and producer of the Comdex trade show rose more than 14 percent after the company's launch on the New York Stock Exchange. [News.com]
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