CSC Explores Sale and Plans to Cut 5,000 Employees

Merrill announces an accounting change that will reduce first quarter net earnings by $1.2 billion; Walgreen posts higher sales in March; plus more stocks in the news Tuesday

Computer Sciences (CSC) Due to recent expressions of interest, the company is planning to explore alternatives to enhance shareholder value, including the potential sale of the company. It set a restructuring and plans to cut 5,000 employees. The company sees a $345 million fiscal year 2007 charge and $30 million in fiscal year 2008.

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