Armed with a hefty dividend, Xerox Corp shares look cheap even as they have shot up this year following the company's spin-off of its business processing business, according to an article in Barron's. The article says the printing and copying company's new CEO wants to shift toward more small and midsize corporate customers and Xerox has undertaken a major cost-cutting program, while the shares offer a 3.4 percent dividend yield. The article cites a portfolio manager for investment advisor ValueWorks as estimating the shares could nearly double, from Friday's close of $7.36 to $14 in the next two years.
Bahrain's top government advisory body passed a constitutional amendment allowing suspected militants to be tried in military courts on Sunday, state news agency BNA reported, in a move criticized by activists. Bahrain's Shura Council approved the amendment on the grounds that it would protect the Gulf island kingdom from militant attacks, and the justice minister said that those perpetrating attacks had forfeited access to civilian courts. "Civilians cannot be tried militarily, but attackers who carry out acts of terrorism and armed violence will have their crimes face military justice," Sheikh Khaled bin Ali al-Khalifa was quoted as saying by BNA.
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