Falls Church News
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Republicans defended Mitt Romney against criticism from Democrats that he avoided taxes by keeping money stashed overseas. Those roles are now reversed with the disclosure that President Barack Obama’s pick to run the Commerce Department does the same thing.
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Computer Sciences Corp. agreed to pay $97.5 million to settle a class-action lawsuit over alleged false statements about accounting and the company’s performance on a multibillion-dollar contract.
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Five dozen teenagers hunched over computers in a hotel conference room near Washington, decrypting codes, cleaning malware and fending off network intrusions to score points in the finals of a national cybersecurity contest.
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Computer Sciences Corp., a technology consultant for governments and companies, fell the most since 2011 after reporting sales that missed analysts’ estimates.
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There may be no government action more universally reviled in the U.S. than bank bailouts. Republicans and Democrats, financial industry lobbyists and watchdogs, Wall Street executives and President Barack Obama say taxpayers should never again rescue a failing bank.
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The Federal Communications Commission took a step toward improving Web access for air travelers, voting to write rules to open frequencies for an air-to-ground Internet service proposed by Qualcomm Inc.
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Senator John McCain questioned the future of the Navy’s troubled Littoral Combat Ship as the latest batch of vessels is running as much as a year behind delivery schedules.
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U.S. government spending on contracts fell 3.1 percent last year, the biggest one-year decline since 1997, according to a Bloomberg Government study.
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Three top weapons makers said across-the-board U.S. budget cuts that began March 1 won’t hurt their profits for the year.
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Northrop Grumman Corp., the maker of Global Hawk surveillance drones, reported first-quarter profit that beat analysts’ estimates while maintaining its full- year forecast amid U.S. budget cuts.
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