Xerox posts 52 pct drop in 3Q earnings
Quick ReadXerox 3Q profit drops sharply as businesses hold back spending, boosts outlook on cost-cutting
NEW YORK (AP) — Xerox Corp.'s latest quarterly results showed signs that business activity around the world remains muted and companies are still cautious about spending on technology.
The Norwalk, Conn.-based company posted a 52 percent drop in third-quarter earnings, though cost cutting moves put in place last year helped Xerox boost its 2009 adjusted profit forecast above Wall Street expectations.
Xerox...
