Icahn wants Xerox board shake-up NEW YORK — Billionaire investor Carl Icahn is calling for the removal of Xerox CEO Jeffrey Jacobson as the copier company reportedly seeks a deal with camera company Fujifilm. Icahn, along with shareholder Darwin Deason, said Monday they don’t trust Jacobson to lead the potential negotiations. The investors, who hold a combined 15 percent stake in Xerox, are looking to put four new members on the Norwalk, Conn., company’s board.
Wisconsin set a new record in 2017 for home sales, despite a decline in December’s activity. The state finished last year with just over 83,000 homes sold, a 1.4 percent increase on 2016’s sales, according to data released Monday by the Wisconsin Realtors Association. Last month’s home sales were 3.3 percent lower than they were in December 2016, but that didn’t stop the year from setting a new record. Some area counties contributed toward making 2017 the state’s
CHICAGO — Americans are defaulting on their credit cards at the highest rate in nearly a year. Experts blame the improving economy: Consumers are feeling more confident in their overall financial situations and they’re loosening their purse strings because of it. That confidence led to higher retail sales through the holiday season, but the credit card bills are coming due, and people are leaving them unpaid at an alarming rate, according to S&P and Experian. Another factor
WASHINGTON — New models soaked up the spotlight at the Detroit auto show last week but policy decisions coming from Washington in 2018 may do more to determine the health of the industry than anything since the industry’s U.S. bailout 10 years ago. Pending federal government actions — from a possible North American Free Trade Agreement withdrawal to rolling back vehicle efficiency rules and enacting regulations paving the way for driverless cars — stand to impact the
Start-up ideas are focus of Thursday class in Eau Claire A retired small business owner and SCORE mentor will lead an evening class on start-up business ideas this week in Eau Claire. Per Forsberg, who has more than 40 years of experience in retail music and commercial electronics, will lead “Learn Start-Up: Is Your Idea Really a Business” from 6 to 8 p.m. on Thursday at Western Dairyland Community Action Agency, 418 Wisconsin St. Registration for the class costs $29, but
The following area business registrations, such as limited liability companies and corporations, were filed in September. Fairchild: Littlefair Properties LLC, James T. Littlefair, 627 Tioga Road; Savage Industries LLC, Remi G. D’Huyvetter, W12478 Holmen Road. Fall Creek: Altoona American Legion Baseball Ltd., Steven Santos, 1523 E. Park Creek Road; Ombibulous Brewing Company LLC, Jerrod Dohm, S1405 150th Ave. Galesville: Bratagerproperties 1 LLC, Christian J. Bratager Sr., N20339
FORT LAUDERDALE, Fla. — Major consumer companies are hopping on a train of enhanced employee givebacks after passage of the new tax law, which cuts corporate tax rates. This week, AutoNation announced plans to double its contribution to workers who save for retirement through its 401k plan, and to provide fully paid cancer insurance for employees and their families, as well as a financial benefit for those diagnosed with the disease. The nation’s largest auto retailer is
SAN JOSE, Calif. — With the debate over immigration to the U.S. as fiery as ever, a new analysis suggests that Silicon Valley would be lost without foreign-born technology workers. About 71 percent of tech employees in the Valley are foreign born, compared to around 50 percent in the San Francisco-Oakland-Hayward region, according to a new report based on 2016 census data. Immigrant techies tend to go to “the center of the action,” Seattle venture capitalist S.
In retail, some brands that could no longer cut it with brick-and-mortar stores are getting a second wind in the digital world. Take the apparel retailer the Limited, a fixture in malls that provided professional women with blazers, dresses, and trousers at midprice points. The chain announced on Jan. 7, 2017, that it would no longer operate stores. It shut all 250 of them in 42 states, along with its website. It filed for Chapter 11 bankruptcy protection a week later in U.S. Bankruptcy Court.
PARIS — A global energy agency says that U.S. oil production is booming and is forecast to top that of heavyweights Saudi Arabia and Russia this year. The International Energy Agency said in its monthly market report released Friday that U.S. oil production, which has already risen to its highest level in nearly 50 years, will push past 10 million barrels a day as higher prices entice more producers to start pumping. It says that “this year promises to be a record-setting one for