CSC eyes $1b stock buyback Falls Church-based Computer Sciences Corp. said its board of directors authorized a plan to repurchase up to $1 billion in company stock.
The authorization sets no timing, deadline or commitment to fully execute the authorized buyback.
CSC stock has lost 18 percent of its value this year, closing at $46.91 per share on Monday.
The company also announced Monday it would raise its quarterly shareholder dividend by 33 percent, or 5 cents, to 15 cents per share. The dividend will be paid Jan. 13 to anyone who holds shares as of Dec. 23.
D.C. condo prices rise
The D.C. condo market remains among the healthiest in the country, but, while prices are up, so are the number of listings.
The Greater Capital Area Association of Realtors says the median price of a condo in D.C. in November was $371.000, up 4.15 percent from November 2009. But settlements, or the number of completed sales, were down more than 40 percent from a year earlier.
In the District, condo listings were up 12.9 percent compared to a year earlier, to 1,275 listings.
Fox Rothschild opens Washington office
Fox Rothschild has opened a Washington office with the addition of three international lawyers from fellow Philadelphia law firm Dilworth Paxson.
The new office, the firm’s 16th, will be headed by partner Margaret Gatti, who headed Dilworth’s international law group and was managing partner of its Washington office.
Mint plants gym on K Street
Dupont Circle health club Mint will open a second D.C. location at the Capitol Hilton at 16th and K streets Northwest.
Mint has signed a lease with Ashford Hospitality to open the gym in January. The current Capital City Club & Spa, operated by WTS International, will be closed for 30 days while it is remodeled.
