Xerox Corporation (NYSE: XRX) has got preliminary court approval to settle a $670-million-worth financial lawsuit.
The global document management company was sued in 2000 for misleading investors about the corporation’s financial state. By employing several "accounting maneuvers," Xerox managed to hide information about the stock that fell from a high of $63.69 to a low of $4.43 during 1998-2000. Xerox didn’t admit guilt.
Xerox will continue its dividend payments and its stock buyback program as the financial state is improved.
The Urals Transport Engineering Plant upgraded the Tulip mortar, which fires nuclear mines
On November 14-17, Serbia will hold exercises of local and American paratroopers. The Americans were bombing Serbia for four months in 1999
Russians watch Olympic Games to support Russian athletes. If no Russian athletes take part in the Games, the audience of the sports event will decease sharply