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Carl Icahn publishes letter blasting HP for “recalcitrance” in rejected Xerox offer Acquisitions News Opinion 

Carl Icahn publishes letter blasting HP for “recalcitrance” in rejected Xerox offer

Activist investor Carl Icahn posted an open letter to HP shareholders today, criticizing the HP Inc. board for rejecting Xerox Corp.‘s merger overtures. Icahn, who respectively owns about 10.85% of Xerox and 4.24% of HP, stated HP is going down the path forged by former foe Eastman Kodak Co., which is often criticized for wasting resources on a series of failed... Read More
Small world: Shutterfly CEO has connection to former Shutterfly CEO News Opinion People on the Move 

Small world: Shutterfly CEO has connection to former Shutterfly CEO

Newly private photo personalization leader Shutterfly Inc. named a new CEO last week, a move that surprised many industry watchers. Ryan O’Hara had only come on board in June, 2019, succeeding in an orderly manner the departing Christopher North. North’s departure was announced in February, and the company had three months of transition to O’Hara, during which the company announced... Read More
Xerox fires back to HP after rebuff of takeover offer Acquisitions News Opinion 

Xerox fires back to HP after rebuff of takeover offer

In what portends to the beginning of a contentious courtship, Xerox Holdings Corp. management responded harshly to the rejection of its proposal to acquire rival HP Inc. Xerox vice chairman and CEO John Visentin advised HP board members Enrique Lores and Chip Bergh, if a “friendly” merger agreement could not be reached quickly, Xerox would take it’s case directly to... Read More
Shutterfly targets diversity in new holiday campaign Marketing News Opinion Promotions 

Shutterfly targets diversity in new holiday campaign

Photo personalization leader Shutterfly launched on Monday its first advertising campaign in three years, according to Mediapost.com. The “Anything Flys” campaign emphasizes the importance of connecting with friends and family and encourages users to send cards for any reason, not just for the holidays. The campaign was created by Argonaut, a marketing agency with high-profile consumer goods company clients like... Read More
Kodak reports third-quarter loss of $5 million, but film sales are up Earnings reports News Opinion 

Kodak reports third-quarter loss of $5 million, but film sales are up

Eastman Kodak Co. reported third-quarter financial results of a $5 million net loss on revenues of $315 million and growth in key print and film product areas. The quarter ended Sept. 30, 2019. In the prior year, the company had $19 million in next earnings on sales of $329 million. The company said revenues from the film business grew 21 percent... Read More
Reuters: Walgreens considering plan to go private News Opinion 

Reuters: Walgreens considering plan to go private

Reuters reports Walgreens Boots Alliance Inc. has explored the option to go private following private equity interest in the U.S drug store chain, which has a market value of more than $55 billion, citing unnamed sources. In recent months, Walgreens has held preliminary discussions with some of the world’s largest private equity firms about putting together what would be the... Read More
Breaking: Xerox considering bid for HP Acquisitions News Opinion 

Breaking: Xerox considering bid for HP

The Wall Street Journal reports  Xerox Corp., fresh off of its divestiture of Fuji Xerox, is now considering using part of its $2.3 billion proceeds to buy rival HP Inc. Xerox is considering making a cash-and-stock offer for HP, which has a market value of about $27 billion, according to people familiar with the matter. The copier maker’s board discussed... Read More
Xerox sells stake in Fuji Xerox to Fujifilm for $2.3 billion Acquisitions News Opinion 

Xerox sells stake in Fuji Xerox to Fujifilm for $2.3 billion

Xerox Holdings Corp., Norwalk, Conn., announced it entered into an agreement with Fujifilm Holdings Corp. and assorted subsidiaries to sell to Fujifilm its 25% state in Fuji Xerox Co. Ltd., putting an end to one of the most rancorous corporate divorces in recent memory.  The company also sold Xerox’s 51% stake in Xerox International Partners (XIP), an OEM joint venture... Read More
Adobe launches Photoshop Camera app, Photoshop for iPad at Adobe MAX New Products News Opinion Updates 

Adobe launches Photoshop Camera app, Photoshop for iPad at Adobe MAX

Adobe, at its annual Adobe MAX creativity conference, announced the next generation of its Creative Cloud subscription service, as well as Adobe Photoshop on iPad and a preview of a new Photoshop Camera app. The company made numerous announcements, which are listed here in this press release. Adobe Photoshop on iPad Initially previewed at MAX 2018, Adobe Photoshop on iPad... Read More
Reimagined JCPenney store includes Shutterfly-branded studio News Opinion 

Reimagined JCPenney store includes Shutterfly-branded studio

JCPenney launched a completely reimagined format store just outside of Dallas in Hurst, Texas, representing the company’s strategy “to put the customer at the center of its business.”  The company stated the “experiential store” is built around customer data and insights and showcases the JCPenney’s corporate mission to redefine itself in the wake of a difficult retail market. Of interest... Read More
Canon closing down Irista photo storage service News Opinion 

Canon closing down Irista photo storage service

Five years after its launch, Canon is sunsetting its Irista photo storage service, according to the Irista website. Users have until Jan. 31, 2020, to download their images (which will not include tags, ratings, titles or albums). Users have until Jan. 14 to make and to order photobooks using the Irista service. Described as “a Dropbox for photos” by CNET... Read More
Study: Half of online shoppers did not receive a package they ordered in past six months News Opinion 

Study: Half of online shoppers did not receive a package they ordered in past six months

As the holiday season approaches, consumer awareness of “porch pirates,” or thieves who target deliveries left in open spaces, surges, according to recent research. Clutch, a leading B2B ratings and reviews firm, surveyed online shoppers and found more than half (51%) say they did not receive at least one package they ordered online in the past six months. Among those who... Read More
Crown Camera gets new life from photo and video services Feature News Opinion 

Crown Camera gets new life from photo and video services

When a camera store goes out of business, the loss can leave a big hole in a community. That’s the case when Redding, Calif., institution Crown Camera announced its closure after more than 60 years in the business. Eighty-five-year old founder Gary Engell chose to close down the retail store but the services side of the business lives on as... Read More
Study: Mobile-first, price-conscious female buyers to drive holiday sales News Opinion 

Study: Mobile-first, price-conscious female buyers to drive holiday sales

A national study conducted by daVinci Payments of women ages 18-75 found female shoppers will continue to push for greater convenience and price value this holiday season. The September 2019 study revealed, while 45 percent of women surveyed report increased wealth and buying power, 43 percent predicted they will spend the same this holiday season versus last year, 30 percent indicated... Read More
WSJ: Banks struggling to sell $2 billion debt for Apollo purchase of Shutterfly News Opinion 

WSJ: Banks struggling to sell $2 billion debt for Apollo purchase of Shutterfly

The Wall Street Journal is reporting Barclays PLC, Citigroup Inc. and other investment banks hired by Apollo Global Management have struggled in recent days to raise about $2 billion of debt for the buyout of Shutterfly Inc. Due to the tepid reception to the debt, the banks agreed to buy up to $280 million after failing to find enough outside investors,... Read More
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