business services

Xerox Doubling Advertising Spending to Promote Business Services

Xerox Corp. (XRX) plans to double its advertising spending in a bid to promote its business-services unit. The campaign, scheduled to begin on Sept. 7, will show clients including Target Corp. and The New York Mets hiring Xerox for tasks such as automating invoices and customizing direct mail programs, Bloomberg News reported. The company did not give details on how much would be spent.

Who Will Be IBM's Next CEO?

IBM has realigned its executive suites and expanded the roles of four of its top managers, according to an internal memo sent to employees Monday -- a move that potentially paves the way for one of them to become the successor to CEO Sam Palmisano.