Printer News

Adobe Says Hackers Accessed Data for 2.9M Customers
October 8, 2013

Adobe Systems said Thursday that hackers had accessed personal data for nearly 3 million of its customers. The attackers "removed from our systems certain information relating to 2.9 million Adobe customers, including customer names, encrypted credit or debit card numbers, expiration dates, and other information relating to customer orders," Brad Arkin, Adobe's chief security officer, wrote.

The company is in the process of notifying customers whose card information was involved in the incident, and is resetting the relevant customer passwords.

Xerox Announces Roughly 500 Layoffs in N.C.
October 8, 2013

Xerox Corp. is closing part of a call center operation in North Carolina that employs roughly 500. According to the Connecticut-based printing and business services giant, the affected Cary, N.C., call center jobs will be eliminated effective Nov. 14, but the company plans to place more than half those workers within other Xerox operations there.

Xerox said separation packages will be provided to those who qualify. Xerox is one of the Rochester area’s largest employers with roughly 6,300 workers locally.

Kodak Sued by Inkjet Inks Competitor
October 1, 2013

Once one of Eastman Kodak Co.’s key suppliers, Collins Ink Corp. has turned into a considerable legal adversary.

In a federal lawsuit filed two weeks ago, Collins Inkjet Corp. alleges that the Rochester-based printing and imaging company is illegally trying to stifle inkjet ink competition.

U.S. Postal Service Defaults on $5.6 Billion for Future Health Benefits
October 1, 2013

The U.S. Postal Service on Monday defaulted yet again on a prepayment for the health care of its future retirees as its finances remain in the red and legislative reform remains elusive.

The agency has blamed the payments, more than $5 billion a year as mandated by Congress to prefund the Postal Service's future retirees' health care, for contributing to annual losses of billions of dollars.

New $100 Bill Heads for Circulation, Aims to Improve Security
October 1, 2013

Despite years of production-related delays, the updated $100 bill has undergone a major makeover that includes a color-changing ink well, 3-D security ribbon, and more texture on Benjamin Franklin's collar.

The new, more expensive C-note is scheduled to enter circulation Oct. 8, and also has a higher calling: It aims to fight back against counterfeiters by using better printers and technology.

The modifications will help people check for fake $100s without going to a bank or using a blacklight, said Michael Lambert, a deputy associate director at the Federal Reserve.

Stockholders Approve MOD-PAC Corp. Going Private Transaction
October 1, 2013

MOD-PAC Corp. announced that its shareholders approved, at a special shareholder meeting held last Friday, the going-private merger agreement under which Kevin T. Keane and Daniel G. Keane and their associates and affiliates will acquire the approximately 81.3 percent of the company's outstanding capital stock that they do not already own for $9.25 per share in cash.

Packaging Corporation of America to Acquire Boise
October 1, 2013

Packaging Corporation of America (PCA) and Boise have entered into a definitive agreement under which PCA will acquire all of the outstanding common shares of Boise for $12.55 per share in cash, for an aggregate transaction value of $1.995 billion, inclusive of $714 million of outstanding indebtedness of Boise.

Paper Trails
October 1, 2013

Paper. Year to year, how much does it really change? The answer, it turns out, is a lot. Products wax and wane in popularity, green initiatives expand and evolve, and suppliers continue offering stronger and more sophisticated sales tools. There's a lot of new in the world of paper, and most of it seems to be in the print distributor's favor.