EARNINGS

Xerox Reports Loss of $577 Million: The company said the fourth-quarter loss was due chiefly to costs associated with its previously announced plan to eliminate 10,000 jobs. It set aside $813 million after taxes to cover severance and other costs in its document-processing business. The restructuring should yield pretax savings of $350 million in 1994, Chief Executive Paul A. Allaire said. The company’s stock jumped $5.50 to $98.125 on the New York Stock Exchange. The loss amounted to $5.63 a share and compares to a loss of $736 million, or $7.80 per share, during the fourth quarter of 1992. Revenue was $4.18 billion, down 1% from $4.23 billion a year earlier.