Computer Sciences Corporation, the American technology contractor linked to allegations of bribery at Commonwealth Bank of Australia, has been charged with accounting fraud and fined $US190 million by the US Securities and Exchange Commission.
Years from now, Computer Sciences Corp. (CSC), the publicly traded Falls Church-based IT service provider, will look back - in whatever capacity it exists in - on the month of May 2015 and be thankful that it's over.
John Lawrie, the President and CEO of Computer Sciences Corporation (NYSE:CSC) 66.76 +0.39 0.59% , unloaded 1,900 shares of the company, with a total value $123,975 USD, based on an average price of $65.3 for every share.
Computer Sciences Corporation (NYSE:CSC) has lost 1.4% during the past week and dropped 2.68% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 1%.
After the corporate bifurcation, approved by the company's board, CSC CSC 0.62% Global Commercial will focus on Fortune 1000 companies—consulting with them on information technology infrastructure and their cloud strategies.
While he says has no information about a deal being imminent, Cormark analyst Richard Tse says the acquisition of Computer Sciences Corporation's commercial businesses “could be compelling” for CGI Group (TSX:GIB.A, NYSE:GIB). Yesterday, shares of ...