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Computer Sciences to Pay $190M in SEC Settlement

2014-12-30 01:59:43| IT Services - Topix.net

Computer Sciences Corp . says it will pay $190 million and restate three years of financial results in a proposed settlement with the Securities and Exchange Commission .

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Ex-Dividend Reminder: Computer Sciences, Heico and Werner Enterprises

2014-12-29 18:52:45| Industrial Machines - Topix.net

Looking at the universe of stocks we cover at Dividend Channel , on 12/31/14, Computer Sciences Corp. , Heico Corp. , and Werner Enterprises, Inc. will all trade ex-dividend for their respective upcoming dividends. Computer Sciences Corp. will pay its quarterly dividend of $0.23 on 1/26/15, Heico Corp. will pay its semi-annual dividend of $0.07 on 1/19/15, and Werner Enterprises, Inc. will pay its quarterly dividend of $0.05 on 1/20/15.

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UPDATE 3-U.S. sues NYC, Computer Sciences for alleged Medicaid fraud

2014-10-28 02:24:43| IT Services - Topix.net

The United States on Monday sued New York City and Computer Sciences Corp, accusing them of defrauding Medicaid into making millions of dollars of improper reimbursements by exploiting a computerized billing system that the company designed. According to a complaint filed in U.S. District Court in Manhattan, the defendants took advantage of the system's automatic default settings, enabling the city to improperly boost the amount and speed of reimbursements for services provided to infants and toddlers with developmental delays.

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Computer Sciences Got Better With Age for Buyout Firms: Real M&A

2014-10-11 14:12:29| IT Services - Topix.net

The technology consulting firm's chief executive officer Mike Lawrie has cut costs, lifted margins and boosted free cash flow. That's made CSC a better business, even as it has gotten cheaper for potential buyers.

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Fitch Solutions: LBO Talk Sends Computer Sciences' CDS Out 81%

2014-10-01 11:13:56| IT Services - Topix.net

NEW YORK, September 30 Talk of a possible leveraged buyout has sent credit default swap spreads for Computer Sciences Corporation to its widest level in nearly two years, according to Fitch Solutions in its latest CDS Case Study Snapshot. Five-year CDS on Computer Sciences widened 81% yesterday.

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