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April 2023 Top Five
The top five most-read daily news stories from Feb. 14 to March 13
The top five most-read daily news stories on VirginiaBusiness.com from Feb. 14 to March 13 included an update on the Lego Group’s Chesterfield County factory, which is expected to begin
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DXC penalized by SEC over misleading financial info
Fortune 500 IT company ordered to pay $8M fine
Published
Ashburn-based Fortune 500 IT company DXC Technology Co. has been penalized by the federal government for making “misleading” financial reports from 2018 to early 2020, according to the U.S. Securities
DXC rejects buyout proposal from Asian firm
Ashburn tech company was approached in September
Published
Ashburn-based Fortune 500 company DXC Technology Inc. has ended buyout talks after a “financial sponsor” failed to raise enough capital, the company announced Monday. DXC was approached in late September
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October 2022 Top Five
Most-read news stories on VirginiaBusiness.com from Sept. 14 to Oct. 14, 2022
Published
The top five most-read daily news stories on VirginiaBusiness.com from Sept. 14 to Oct. 14 included an announcement of a major agricultural operation in Chesterfield County expected to begin operation
DXC in talks with Asian buyout firm
No formal proposal received
Published
DXC Technology Co. and Baring Private Equity Asia Ltd. are in talks after the Asian buyout firm approached the Ashburn-based Fortune 500 information technology services firm with a potential takeover,
Stairway to heaven
CEO compensation continues climbing skyward
Published
Nationally, CEO pay in 2021 reached historic highs for the second year in a row, and Virginia was no exception to this trend. The CEOs of Virginia’s largest publicly traded
DXC Technology receives takeover interest
Bloomberg reports Fortune 500 IT company approached by private equity firm
Published
Ashburn-based DXC Technology Co. has received takeover interest from at least one private equity firm and is working with advisers, Bloomberg reported Wednesday. A company spokesperson declined to confirm details
Gainwell Technologies hires new client engagement officer
Karen Shields will join Tysons health/human services IT provider
Published
Tysons-based Gainwell Technologies has named Karen Shields as its chief client engagement officer, the health and human services IT provider announced last week. Shields will work in collaboration with Gainwell’s
DXC President/CEO adds chairman to title
Mike Salvino replaces Ian Read as chair
Published
Mike Salvino, president and CEO of DXC Technology Co., will be adding chairman to his title, the Ashburn-based Fortune 500 IT services company announced Tuesday. Salvino will ascend to his
Va. companies aid Ukraine, pull business from Russia
Mars, Hilton and CMA CGM Group among those taking action
Published
McLean-based Mars Inc. and other companies with major Virginia presences are responding to the war between Russia and Ukraine, chiefly by helping employees who live in the Eastern European nation