Computer Sciences Corporation (NYSE:CSC) confirmed that it has entered into a binding Scheme of Implementation agreement to acquire the shares of UXC Limited (ASX: UXC), a leading IT services company based in Australia.
Viewed from a certain angle, Falls Church, Va.-based Computer Sciences Corp. looks like a case study of everything people think is wrong with American capitalism: Misleading investors through rosy accounting.
Given the Washington location of Communities Digital News (CDN) and given the fact that many CSC employees and other investors own shares of the company, we've decided to provide a detailed account of how the transaction will be done.
After the corporate bifurcation, approved by the company's board, CSC CSC -0.14% Global Commercial will focus on Fortune 1000 companies—consulting with them on information technology infrastructure and their cloud strategies.
NetCracker Technology Corp. will pay $11.4 million and Computer Sciences Corp. (CSC) will pay $1.35 million to resolve allegations under the False Claims Act that they used individuals without security clearances on a Defense Information Systems Agency ...