A group of once high-flying tech names could be set to break out once more, 15 years after they played a starring role in the tech bubble.» Read More
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...
NEW YORK— A look at the 10 biggest percentage gainers on New York Stock Exchange at the close of trading:. Valeant Pharmaceuticals International rose 14.7 percent to $198.75. Nationstar Mortgage Holdings Inc. rose 12.7 percent to $31.48.
U.S. stocks closed down on Monday despite oil settling higher, as concerns about Greece continued to weigh.
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.
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...
Check out which companies are making headlines after the bell Monday: Cintas, Ford, Synnex & more.
Sept 29- Computer Sciences Corp has contacted private equity firms including Blackstone Group LP and Bain Capital LLC to gauge their interest in a leveraged buyout, Bloomberg reported. The talks are at an early stage and may not result in a deal, according to people with knowledge of the matter, Bloomberg said.
Lost in the chatter about the inflating tech bubble is an important detail: Most of technology's most notable names aren't participating.
Check out which companies are making headlines after the bell Thursday: CBS, Zynga, Lululemon & more.
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.
U.S. stocks rose on Friday, with consumer discretionary leading late session gains.
Ira Kay, the top CEO-compensation consultant, is on a mission to defend rising executive compensation, despite outrage from shareholders.
These companies have been shrinking either due to dropping demand, evaporating pricing power or by reducing their size.
Microsoft has narrowed its list of external candidates to replace Chief Executive Steve Ballmer to about five people, according to sources.
It’s time for the Lightning Round. Cramer makes the call on viewer favorites.