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Stock Market & Financial Investment News

News Breaks
December 3, 2012
09:45 EDTCSCCSC sale of credit services unit looks dilutive, says Jefferies
Jefferies expects CSC's sale of its credit bureau services business to be dilutive since the unit was very profitable. The firm thinks the sale could limit any potential upside to CSC's FY14 targets and keeps a Hold rating on the stock.
News For CSC From The Last 14 Days
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July 23, 2015
16:57 EDTCSCCSC, HCL Technologies form joint venture
Global IT leaders CSC and HCL Technologies announced the signing of a definitive joint venture agreement to form a banking software and services company. The joint venture will invest in platform modernization and product functionality enhancement and will capitalize on the proven capabilities of both companies in addressing the multi-billion-dollar, global core banking software market. CSC, which currently serves over 100 premier banking and financial services clients in 15 countries, will provide its core banking, cards, payments and default management industry talent, software and product development expertise. HCL will provide capital investment, extensive experience in product engineering and application implementation services, as well as banking sales and client engagement expertise.

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