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Computer Sciences Corp

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  • NY comptroller approves Medicaid contract for Xerox Friday, 17 Apr 2015 | 2:44 PM ET

    ALBANY, N.Y.— New York's comptroller on Friday approved a $565 million contract award to Xerox to redesign and operate the information management system for the state's Medicaid program. The comptroller's office said its review found insufficient grounds in the protests by Computer Sciences Corp. and Hewlett-Packard to overturn the award.

  • Feb 24- Technology consultant Computer Sciences Corp drew buyout interest from French consulting company Cap Gemini SA and private equity firm Carlyle Group LP, according to people familiar with the matter. Talks between CSC and the consortium of Cap Gemini and Carlyle started late last year but have since fizzled, the sources said on Tuesday.

  • Feb 24- Technology consultant Computer Sciences Corp has drawn buyout interest from French consulting company Cap Gemini SA and private equity firm Carlyle Group LP, according to people familiar with the matter. CSC, which has a market capitalization of around $10 billion, is now working with Royal Bank of Canada as it reviews its options, the people said.

  • Feb 23- Hedge fund Jana Partners LLC disclosed a 5.9 percent stake in Computer Sciences Corp and said it would continue talks with the IT services company about strategic alternatives and board composition. Computer Sciences stock closed up 7 percent on Monday, valuing the company at about $10 billion. The company had been in talks with private equity firms...

  • US stocks close down despite oil gain; Greece eyed Monday, 9 Feb 2015 | 4:00 PM ET
    Traders work the floor of the New York Stock Exchange.

    U.S. stocks closed down on Monday despite oil settling higher, as concerns about Greece continued to weigh.

  • Grexit, Fed fears weigh on Wall Street Monday, 9 Feb 2015 | 8:17 AM ET
    A man adjusts a Greek flag ahead of the visit of Greek Prime Minister Alexis Tsipras at the European Commission headquarters in Brussels February 4, 2015.

    U.S. stock index futures signaled a lower open on Monday, set to follow European markets lower as negotiations over Greece's bailout program weighed.

  • Early movers: CSC, CVEO, BP, ARCP, TM & more Tuesday, 30 Dec 2014 | 7:50 AM ET
    A trader works on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • Dec 29- Computer Sciences Corp on Monday said it will pay a $190 million penalty and restate three years of results to resolve a U.S. Securities and Exchange Commission civil probe into the information technology company's accounting. Computer Sciences said there were accounting irregularities at its businesses in the Nordic region, Australia and its...

  • NEW YORK, Oct 27- The United States on Monday joined a lawsuit accusing New York City and Computer Sciences Corp of defrauding Medicaid into making millions of dollars of improper reimbursements by exploiting a computerized billing system that the company designed. The U.S. attorney for Manhattan, Preet Bharara, said some of these services might have been...

  • NEW YORK, Oct 27- The United States on Monday joined a lawsuit accusing New York City and Computer Sciences Corp of defrauding Medicaid into making millions of dollars of improper reimbursements by exploiting a computerized billing system that the company designed. The U.S. attorney for Manhattan, Preet Bharara, said the fraud led to the city and Computer...

  • After-hours buzz: Cintas, Ford, Synnex & more Monday, 29 Sep 2014 | 5:19 PM ET
    Wall Street New York Stock Exchange NYSE

    Check out which companies are making headlines after the bell Monday: Cintas, Ford, Synnex & more.

  • What bubble? Legacy tech gets shut out of growth Tuesday, 16 Sep 2014 | 11:44 AM ET

    Lost in the chatter about the inflating tech bubble is an important detail: Most of technology's most notable names aren't participating.

  • After-hours buzz: CBS, Zynga, Lululemon & more Thursday, 7 Aug 2014 | 5:24 PM ET
    Traders work the floor of the New York Stock Exchange.

    Check out which companies are making headlines after the bell Thursday: CBS, Zynga, Lululemon & more.

  • The companies slashing pension costs the most Friday, 16 May 2014 | 3:54 PM ET
    U.S. Dollars

    Big firms are planning to cut the cash they put into employees' pensions this year. Investors are hoping to get their hands on the money instead—USAT.

  • Trader on the floor of the New York Stock Exchange.

    U.S. stocks rose on Friday, with consumer discretionary leading late session gains.

  • The man pushing CEO pay to the stratosphere Tuesday, 29 Apr 2014 | 10:38 AM ET
    Bob Iger, CEO of Walt Disney Corp, John Donahoe, CEO of Ebay and Pierre Dauman, CEO of Viacom. These three companies' boards pay CEOs above the median of the company’s self-selected peers.

    Ira Kay, the top CEO-compensation consultant, is on a mission to defend rising executive compensation, despite outrage from shareholders.

  • These are America's fastest shrinking companies Monday, 28 Apr 2014 | 2:35 PM ET

    These companies have been shrinking either due to dropping demand, evaporating pricing power or by reducing their size.

  • Microsoft narrows the list for its next CEO Wednesday, 6 Nov 2013 | 5:59 AM ET
    Ford Motor CEO Alan Mulally

    Microsoft has narrowed its list of external candidates to replace Chief Executive Steve Ballmer to about five people, according to sources.

  • Lightning Round: Ford, Panera & More Tuesday, 1 Oct 2013 | 6:45 PM ET

    It’s time for the Lightning Round. Cramer makes the call on viewer favorites.

  • Early movers: MCD, AAPL, WMT, DHI, BZH, DG & more Tuesday, 10 Sep 2013 | 7:40 AM ET

    Some of the names on the move ahead of the open.