City News

Ricoh lifts profit nearly 24% on strong Japan sales and cost cuts

Japanese group boosts Q1 profit despite flat global revenues; segment outlooks show strength in products and printing, weakness in European services.

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Canon net sales increase 2.9%

Canon net sales increase 2.9%

The company has released its third quarter results, recording a small net sales increase although Canon adds it has experienced deteriorating market conditions.

Xerox withdraws from Russian market

Xerox withdraws from Russian market

Reuters reports that the local management has acquired Xerox’s Russian operations, promising continued independent functioning.

HP’s CEO offloads more shares

HP’s CEO offloads more shares

Depending on who you talk to, HP’s stocks are probably undervalued, but CEO Enrique Lores maintains the insider trading pattern of selling shares. The twentieth insider sell in the last year.

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