Computer Sciences misled investors over UK health service contracts: SEC
New York
BRITAIN'S National Health Service has long provided free and universal healthcare to the country's residents. In one case, though, it appears to have provided an unusual therapeutic benefit to corporate America.
A US regulator asserted on Friday that the NHS made cash payments to a large US technology company that were used to make it look healthier than it truly was. In its action, the US Securities and Exchange Commission accused Computer Sciences Corp of overstating profits and concealing serious problems from its investors.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Technology
Garmin’s Q1 results beat on strong demand for fitness, auto products
Foxconn’s musical chairs sound like punk rock
US sets up board to advise on safe, secure use of AI
Regulate AI? How US, EU and China are going about It
Meta’s results are best viewed through rose-tinted AI glasses
'Harvesting data': Latin American AI startups transform farming