Jeff Jacobson, president of Xerox’s (NYSE: XRX) technology business, will transition into the role of CEO after the company announced plans in January to divide into two publicly traded firms. Jacobson will lead the document management and outsourcing company that generated approximately $11 billion in 2015 revenue and will retain t...
The GovCon Index hit choppy trade in the afternoon after a strong open Wednesday and recorded a nominal gain of 0.004 points to 79.194 to mark its second straight day with a close in narrow negative range in the final full trading session for U.S. investors before Thursday’s Brexit vote. British citizens...
The GovCon Index fell into narrow range in afternoon trade Tuesday and closed at a nominal loss of 0.099 points to 79.190 as global investors continued to gauge the possibility of Britain’s departure from the European Union in a Thursday referendum there with new polls indicating a close vote either way. Many lead GCI gainers fr...
The GovCon Index closed Friday with a 0.435-point decline to 78.356 and posted a loss of 1.97 percent for the week to record a third consecutive trading day in the negative and break the Index’s four-week streak of gains. GCI’s performance comes as the Federal Reserve indicated that the upcoming referendum v...
The GovCon Index fell for a third consecutive session Friday by 0.435 points to 78.356 in a close that snaps the GCI’s four-week gain streak as market activity was shaped by continued reaction to the latest Federal Reserve interest rate outlook and uncertainty over the Brexit referendum. The GCI recorded a weekly decline of...
The GovCon Index hit choppy trade in the late afternoon session Wednesday and closed at a narrow loss of 0.094 points to 78.850 as investors examined the Federal Reserve‘s latest policy statement that left current interest rates unchanged. Central bank leaders held the federal funds rate at between one-quarter and one-half percent on conc...
Stuart Brown, formerly chief financial officer for Red Robin Gourmet Burgers Inc., will officially join Iron Mountain (NYSE: IRM) as executive vice president and CFO by July 25. Brown will be responsible for the company™s external reporting, financial planning and analysis, global real estate, internal audit, investor relations and tr...
Huntington Ingalls Industries (NYSE: HII) has named Michael Lempke, previous Systems, Planning and Analysis vice president of integrated strategic decision support, as vice president of the Newport News Shipbuilding division’s energy programs. Lempke will succeed Pete Diakun, who will retire at the end of 2016, and oversee ...
The GovCon Index stumbled from the open Friday and closed down 0.551 points to 79.942 as investors continued to pull back from the GCI’s six-day prior rally and U.S. stock benchmark S&P 500’s three-day stretch of gains that ended Thursday. Despite Friday’s decline, the GCI ends the week up 1.20 percent to record its f...
Jim Benbow, former chief business development officer at DCS Corp., has been promoted to the CEO post while Chief Operating Officer Randy Washington will add the title of president at the federal technical services contractor. Former DCS President and CEO Jim Wood will retire and transition to the role of non-executive&...
