Tuesday, March 24, 2009

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Xerox Plans Another $300 Million In Cost Cuts

Xerox Corp. (XRX) sees first-quarter earnings well below already-downbeat expectations in part on slumping spending by corporations as the company plans to cut another $300 million in costs. Details on where the savings would come from weren't disclosed, but the cost cuts come on top of plans to save $250 million this year, largely from last year's 5% cut in the work force.

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