The US International Development Finance Corporation (DFC) is loaning Eastman Kodak Company $756 million to support the launch of Kodak Pharmaceuticals. This loan is the first use of the DFC’s new authority to support the domestic response to COVID-19.
The US Bureau of Labor Statistics released encouraging data in the June Employment Situation Summary for 2020. The US unemployment rate declined to 11.1%, down 2.2 percentage points. US employment rose by 4.8 million in June, compared to May’s increase of 2.7 million.
According to BleepingComputer, Maze ransomware claims to have captured 100GB of Xerox data as of June 25th. Xerox has yet to confirm this cyberattack but Maze is offering 10 screenshots of Xerox files as proof of breach.
Since 2001, Copier Careers has published annual salary surveys for Copier Channel professionals. These surveys have been published in the wake of 9/11, throughout the Great Recession and the following economic recovery. Years affected by regional natural disasters, national scandals and industry shakeups have still seen our salary surveys released.
In the face of the coronavirus pandemic and its resulting economic uncertainty, Xerox announced they are withdrawing their tender offer to acquire HP. Moreover, Xerox will no longer be nominating new members to the HP Board of Directors, which was a crucial part of the company’s hostile takeover attempt.