Xerox Corporation (NYSE: XRX) completed its acquisition of Affiliated Computer Services, Inc. (NYSE: ACS), transforming Xerox into the world’s leader in business process and document management.

ACS is the largest diversified business process outsourcing (BPO) firm in the world. Its expertise is in automating work processes and providing BPO and IT outsourcing services that range from processing over 1 million credit card applications and 12 million student loans each year to providing HR services for more than 4.4 million employees and retirees annually.

“For the past 50 years, Xerox has fortified its leadership in document management, creating new markets through our renowned innovation” said Ursula M. Burns , Xerox chief executive officer. “With ACS, we take another step forward, expanding our leadership to include business process outsourcing that helps simplify document-driven work. The new Xerox provides the technology and services to help our customers reach new levels of efficiency and effectiveness, giving them the freedom to focus on what matters most: their real business”

“Xerox’s brand recognition, global presence, and superior innovation give us a powerful competitive position and offers our customers a trusted partner they can rely upon for the back office support that makes their front offices successful” said Lynn Blodgett, president and chief executive officer, ACS. “We’re quickly taking full advantage of becoming part of Xerox with plans to expand our business to more global markets this year. And, through its proprietary categorization and advanced document imaging software, Xerox technology will help us differentiate our offerings by providing faster, more automated ways to manage our clients’ business processes”

ACS will initially be branded ACS, A Xerox Company. It will continue to be led by Lynn Blodgett, who has been elected by the Xerox Board of Directors as an executive vice president of the corporation. Blodgett will report to Burns.

“The breadth of ACS’ offerings – from HR benefits management and IT support to automated toll collection and electronic health records – is a significant competitive advantage and one we will continue to leverage through investments, innovation and global expansion” added Burns.

“Xerox is working aggressively toward becoming more focused on information management and business processes and less reliant on printed documents” said Angele Boyd, group vice president/general manager, document solutions, IDC. “With this acquisition, Xerox becomes a significant player, and has an opportunity for growth, in the growing business process outsourcing market”

Through a combination of services, technology and innovation, the combined company will pursue a $500 billion market focused on document and process management for businesses and governments.

About Xerox
Xerox Corporation is a $22 billion leading global enterprise for business process and document management. Through its broad portfolio of technology, business process and services and outsourcing offerings, Xerox provides the essential back-office support that clears the way for clients to focus on what they do best: their real business. Headquartered in Norwalk, Conn., Xerox provides leading-edge document technology, services, software and supplies for production and office environments of any size. Through ACS, A Xerox Company, which Xerox acquired in February 2010, Xerox also offers extensive business process outsourcing and information technology outsourcing services, including data processing, HR benefits management, finance support, and customer relationship management services for commercial and government organizations worldwide. The 130,000 people of Xerox serve clients in more than 160 countries.

Oil Refineries (TASE: ORL.TA) (”ORL” or the “Company), announced today that it secured a $900 million financing framework in order to continue to implement the Company’s strategic plan, as well as to service its other capital needs for four years. As part of the financing framework the Company signed an agreement of principles to receive $600 million dollars in financing from a syndicate of local banks, led by Bank Hapoalim. Additionally, the US Congress has approved a $300 million backing from Ex-Im Bank, designated for the financing of equipment to be purchased outside of Israel. Furthermore, the Company announced that it has completed all the necessary preparations to merge the activities of Carmel Olefins Ltd. (”CAOL”), defining a new management structure.

The financing plan was approved by the Company’s Board of Directors in order to service all of the Company’s capital needs for four years, which is primarily comprised of the execution of the Hydrocracker project at an estimated investment of approximately $500 million as well as refinancing the Company’s debt during this period.

Yossi Rosen, Chairman of Oil Refineries: “This is the largest investment plan being undertaken in Israel this year, strengthening not only the company, but the whole Israeli economy. Oil Refineries is one of the few companies in Israel that has the ability and financial strength to undertake projects of such magnitude. The financing of these investments was approved by experienced bodies which examined the Company as well as its long term, growth-driven, strategic plans. This approved financing plan enjoy full backing of ORL’s major shareholders, the Israel Corporation and Israel Petrochemical Enterprises, and is intended to ensure all the Company’s needs for four years, alleviating any additional capital raising. Once we complete the merger activities we will be able to fully leverage the inherent synergies between the companies in all areas of energy, feedstock and organization. This step will significantly contribute to the Company’s business results already this year and gain speed in the coming years, once we complete construction of the Hydrocracker and the natural gas pipeline reaches ORL”.

Rosen also added: “The Company’s expected transition to natural gas is an important step in the Company’s strategic plan and the Board of Directors decision to approve the financing plan, in order to enable the construction of the Hydrocracker. Oil Refineries is currently well positioned to receive the natural gas after investing 45 million dollars in preparations. We thank the Prime Minister and the Director General of his office for their involvement in order to overcome the delays in connecting the gas pipeline to Haifa Bay”.

Yashar Ben Mordechai, CEO of Oil Refineries: “The recovery of the global economy will be a key factor in driving increasing demand. ORL is preparing itself to maximize on this opportunity. The consolidation of the plants within the premises will further strengthen our standing and give us a leading and competitive position in the Mediterranean Basin. The unique combination of the fuel industry together with the aromatic and polymer industries will enable ORL to leverage the inherent synergies by optimizing operations and long term investment planning for all the plants.

Ben Mordechai added: “The plan to establish a 25kbpd Hydrocracker is a focal point in the Company’s growth oriented strategic plan, with a view to increasing the Company’s flexibility, refining capacity and efficiency. Throughout a changing market, it has been proven that the more complex and flexible refineries are those that succeeded in capitalizing on these fluctuations. This project is expected to improve ORL’s competitive standing in the Mediterranean fuel markets and will undoubtedly contribute considerably to strengthening Israel’s economy as a whole, and the Haifa Bay area in particular.

The Hydrocracker, due to be built at the Haifa refinery for an estimated $500 million investment, will produce mainly diesel and jet fuel. It is expected to be operational in the first half of 2012. The Hydrocracker will enable, upon operation, the production of more distillates with a higher added-value from every barrel of oil as well as increasing the refineries’ flexibility in choosing the raw materials and product mix, meeting changing market conditions.

Once established, the Hydrocracker is expected to increase the Company’s Nelson Complexity Index (NCI), currently 7.4, to over 9. The meaning of this increase is the ability to produce higher added-value from every barrel of oil.

CAOL, Gadiv and Haifa Basic Oils Ltd. (”HBO”) are adjacent to the Company’s refineries in the Haifa Bay and serve as downstream plants for the refineries. The vast majority of the raw materials to these plants are supplied to them by ORL. Concurrently, the byproducts created during production in the plants are returned to ORL or passed to each other. Furthermore, the investment planning for the Oil Refineries, CAOL and Gadiv plants will be done in such a way that will maximize utilization of all their systems. In addition, it will be possible to achieve operational efficiency and effectiveness by leveraging economies of scale. The appointments of Mr. Charles Scheffer who will fill the role of Executive Vice President of Special Projects and Mr. Charles Liran who will fill the role of Vice President of Business Development and Supply Chain, as well as the completion of the arrangements with the employees’ representatives, with a joint view to realize the merger and the continued growth of the Company and its employees, will ensure the successful launching of the merger activities.

The annual sales turnover of the combined companies is expected to increase, (based on data for the third quarter of 2009) to a level of $6.3 billion a year (Refining and Trade approx. $4.9 billion, CAOL approx. $0.9 billion, Gadiv approx. $0.4 billion and HBO approx. $50 million).

About Oil Refineries Ltd.

Oil Refineries Ltd. (ORL), located in the bay area of the city of Haifa, operates Israel’s largest oil refinery. ORL operates sophisticated and state-of-the-art industrial facilities with refining capacity of 9.8 million tons of crude oil per year, with a Nelson Complexity Index of 7.4, providing a variety of quality products used in industrial operation, transportation, private consumption, agriculture and infrastructure. The Company is also active in the area of Polymers and Aromatics through its holdings in Carmel Olefins Ltd and Gadiv Petrochemical Industries Ltd. The Company also provides power and heat services to industrial customers in the Haifa Bay, as well as infrastructure services. Oil Refineries’ major shareholders are the Israel Corporation and Israel Petrochemical Enterprises, both public companies listed on the Tel Aviv Stock Exchange. The Company’s shares are listed on the Tel Aviv Stock Exchange under the ticker ORL. For additional information please visit www.orl.co.il

Pacific Continental Corporation, the bank holding company for Pacific Continental Bank, today announced that Hal Brown, chief executive officer, and Roger Busse, president and chief operating officer, will present at the Sterne Agee Fifth Annual Financial Services Symposium in Orlando, Florida on Tuesday, February 9, 2010 at 11:00 a.m. Eastern / 8:00 a.m. Pacific.
Messrs. Brown and Busse will join representatives from two Washington community banks at the Pacific Northwest Banks panel presentation. The Sterne Agee Financial Services Symposium will be attended by an audience of institutional investors and analysts from leading brokerage firms. While attendance at the symposium is by invitation only, a simultaneous Webcast of the panel presentation will be made available as described below.
The Webcast can be accessed via Pacific Continental’s home page by clicking on the Sterne Agee Financial Services Symposium heading. Please note the link requires users to register with Sterne Agee. The Webcast will be archived for one year.
About Pacific Continental Bank
Pacific Continental Bank, the operating subsidiary of Pacific Continental Corporation, delivers highly personalized services through fourteen banking offices in Oregon and Washington. Pacific Continental, with $1.1 billion in assets, has established one of the most unique and attractive metropolitan branch networks in the Pacific Northwest with offices in three of the region’s largest markets including Seattle, Portland and Eugene. Pacific Continental targets the banking needs of community-based businesses, professional service providers, and nonprofit organizations.
Since its founding in 1972 Pacific Continental Bank has been honored with numerous awards from business and community organizations: in June 2009, for the ninth consecutive year, The Seattle Times named Pacific Continental to its “Northwest 100″ ranking of top publicly rated companies in the Pacific Northwest; in February 2009, Oregon Business magazine recognized Pacific Continental as the top ranked financial institution to work for in the publication’s large company category, marking it the ninth consecutive year Pacific Continental has been recognized as one of the Top 100 Companies to Work for in Oregon; and in December 2008, for the second consecutive year, the Portland Business Journal recognized Pacific Continental Bank as One of the Ten Most Admired Companies in Oregon.
Pacific Continental Corporation’s shares are listed on the Nasdaq Global Select Market under the symbol “PCBK” and are a component of the Russell 2000 Index. Supplementary information about Pacific Continental can be found online at www.therightbank.com

SAN FRANCISCO – February 4, 2010 – Schwab Charitable, one of the nation’s largest and fastest growing donor advised funds, and UC Berkeley’s Haas School of Business Center for Nonprofit and Public Leadership today announced their next Philanthropy Speaker Series event.

“The Promise of Philanthropic Prizes to Drive Innovation” will bring together a distinguished panel of leading philanthropists who use prizes to leverage social investment. The event will take place Wednesday, Feb. 10, 12:30-2:00 pm, at the Wells Fargo Room C420, Cheit Building, 2220 Piedmont Ave., in Berkeley.

“We are pleased to continue our partnership with the Center for Nonprofit and Public Leadership,” said Kim Wright-Violich, president of Schwab Charitable. “This series brings together leaders from the philanthropic community with Haas students and alumni to tackle cutting-edge issues and explore best practices for philanthropic impact. We are honored to be a part of that effort.”

The panel discussion will be moderated by Paul Jansen, Director Emeritus at McKinsey & Company, where he co-founded and led the Global Nonprofit Practice serving leading nonprofits and foundations on issues of strategy and organization. Jansen is co-author of And the Winner is…Capturing the Promise of Philanthropic Prizes. He is also a Haas lecturer and co-teaches Social Sector Solutions.

Panelists will include Douglas Goldman, Vice President of the Goldman Environmental Prize, and Francis Béland, Vice President for Prize Development, X-Prize Foundation.

The Series aligns Schwab Charitable’s strategic philanthropy mission with the Haas School of Business’ innovation in business and society. Attendees are expected to include members of the philanthropic community interested in dialogue and exchange leading toward greater social impact.

Tickets are available for $15 to members of the public, $10 for Haas alumni, and free for students and members of the press. Anyone wishing to register for the event can visit: http://www.acteva.com/booking.cfm?bevaid=189826.

About Schwab Charitable
Created as a national donor-advised fund with a mission to increase charitable giving nationwide, Schwab Charitable has raised over $3.7 billion and has facilitated more than $1.5 billion in grants to charity since its inception. For more information about Schwab Charitable or the Schwab Charitable Microfinance Guarantee Program, visit http://www.schwabcharitable.org.

About the Center for Nonprofit and Public Leadership
The Center for Nonprofit and Public Leadership prepares next-generation leaders with the practical business skills to found, lead, manage, and govern in the social sector, creatively innovate and collaborate across sectors, and create winning solutions that produce social impact. For more information about the Center for Nonprofit and Public Leadership, visit nonprofit.haas.berkeley.edu.

Contact:
Morrison Shafroth
Communications Strategy Group
720-470-3653
mshafroth@csg-pr.com

Wells Fargo & Company (NYSE:WFC) said today that Chief Financial Officer Howard Atkins will present at the Credit Suisse Financial Services Forum 2010 to be held in Miami on Wednesday, February 10, at 1:30 p.m. Eastern Time.
The live audio webcast and presentation slides will be available at the following addresses:

www.wellsfargo.com/invest_relations/presents

creditsuisse

A replay of the webcast presentation will be available for 90 days.

About Wells Fargo

Wells Fargo & Company is a diversified financial services company with $1.2 trillion in assets, providing banking, insurance, investments, mortgage and consumer finance through more than 10,000 stores and 12,000 ATMs and the internet (wellsfargo.com) across North America and internationally.

141 Capital, Inc. (OTCPK: ONCP) 141 Capital announced today that it has taken another step toward becoming an Independent Introducing Broker (“IIB”) by forming a wholly owned subsidiary, “Brokers At 141, Inc.” as the first entity to comprise 141 Capital, Inc.’s brokerage division.
Errol Stone, 141 Capital CEO explained that the establishment of the company’s brokerage division via a wholly owned subsidiary was an expected and a necessary step to streamline accounting and compliance protocol and yielding organizational benefits. “Forming a subsidiary that is solely responsibility for trading customer accounts for futures and options, will simplify accounting and bookkeeping as well as simplify NFA compliance requirements for 141 Capital and should expedite the filing with the NFA,” he noted.
As previously noted, Brokers At 141 anticipates that it will be licensed by the time that TradeTablet, the trading platform currently being developed by 141 Capital’s partially-owned subsidiary (Wind River Development Corporation) is available for commercial use.
About 141 Capital, Inc. (www.141capital.net)
141 Capital, Inc. is a publicly traded company based in Chicago. Its primary operations involve commodity trading for its own account. 141 will be registering as an Introducing Broker with the National Futures Association to enable it to offer futures and options products to the general public. To attract customers, 141 will be utilizing TradeTablet and Interactive Brokers’ product line.
Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

ArvinMeritor (NYSE: ARM) announced the investment of nearly $10 million in Xuzhou Meritor Axles Limited (XMAL), a 60/40 joint venture partnership between ArvinMeritor and XCMG, located in Xuzhou, China. This investment is expected to increase XMAL’s overall annual production capacity by more than 20 percent and upgrade the plant’s manufacturing technology to world-class standards.
“This significant investment reinforces ArvinMeritor’s strategy to expand our off-highway business globally as well as our company’s strong long-term commitment to China and the Asia Pacific region,” said Tim Bowes, president of Industrial and Asia Pacific.
“The investment we are making in XMAL is the first phase of a long-term strategic development plan that is expected to help us improve our off-highway manufacturing and product capabilities in China as well as support our efforts to grow this business in one of the largest off-highway markets in the world,” Bowes said.
The growth in China’s off-highway market is primarily due to the high demand for construction machinery under its fast growing economy and the government’s recent $586 billion USD stimulus package in the country’s infrastructure.
“Off-highway and Asia Pacific, particularly China, are two key areas of our company’s overall growth strategy for the future,” said Bowes. “Therefore, it’s our plan to continue to invest in the off-highway business in China.”
About XMAL
Xuzhou Meritor Axle Co., Ltd. (XMAL), located in Jiangsu province, is a joint venture between ArvinMeritor and Xuzhou Construction Machinery Group (XCMG), the largest off-highway vehicle manufacturer in China. XMAL has been in existence since 1996, and is the largest independent off-highway axle producer in China. ArvinMeritor holds 60 percent equity share in the joint venture and XCMG holds 40 percent.
About ArvinMeritor
ArvinMeritor, Inc. is a premier global supplier of a broad range of integrated systems, modules and components to original equipment manufacturers and the aftermarket for the transportation and industrial sectors. The company serves commercial truck, trailer and specialty original equipment manufacturers and certain aftermarkets, and light vehicle manufacturers. ArvinMeritor marked its centennial anniversary in 2009, celebrating a long history of ‘forward thinking.’ ArvinMeritor common stock is traded on the New York Stock Exchange under the ticker symbol ARM. For important information about the company, visit http://arvinmeritor.com