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As she and other company executives announced third-quarter financial results, they also looked ahead to the fourth quarter and said they would spend $100 million on "restructuring" — usually corporate-speak for layoffs.
On Tuesday, Xerox provided some details of that restructuring: By the end of the year, 2,500 current employees will be former employees.
The layoffs amount to less than 2% of Xerox's worldwide workforce of 146,000 people. Those losing their jobs will be "mainly in the services side of the business," said Karen Arena, a spokeswoman at corporate headquarters in Norwalk, Conn...More
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New York The Federal Circuit is clinging to the incorrect notion that authorized foreign sales do not exhaust U.S. patent rights, Ninestar Technology Co. Ltd. said in urging the U.S. Supreme Court to review an $11.1 million fine over ink cartridge imports the U.S. International Trade Commission leveled against it.
The Chinese company, which was slapped with the $11.1 million civil penalty for violating an ITC exclusion order on ink-jet printer cartridges that allegedly infringed Seiko Epson Corp. patents, said in a Nov. 2 petition that its case... More
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