January 23 Market Close: GovCon Index Ticks Up, US Stocks Have Mixed Day

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The GovCon Index held relatively level against a mixed day of results in the U.S. stock market and recorded a slight gain of 0.211 points — or 0.290 percent — to close at a new all-time high of 72.557 on Friday. Disappointing earnings results from companies such as UPS and Kimberly-Clark offset investor confidence in the European Central Bank’s latest stimulus decision, Bloomberg...

Gary Nabors: CSC Arm to Assess New Compounds for NIH’s Anti-Infectives Program

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A Computer Sciences Corp. (NYSE: CSC) company has won a 10-year, $90 million follow-on contract to examine infectious disease therapeutics for the National Institutes of Health’s anti-infectives program. DynPort Vaccine Company LLC will conduct first phase clinical trials of new compounds to support the National Institute of Allergy and Infectious Diseases’ therapeutic products study, CSC said...

PSC Names GovCon Exec Leaders to Chair Tech Committees

PSC Professional Services Council
The Professional Services Council has appointed executives from several technology companies to lead six newly-formed committees and working groups under its technology arm. “The PSC Tech Council committees and working groups will provide thought leadership and practical advice and actions on the pressing technology issues facing the government market today,” David Wennergren, senior...

Scott McIntyre: PwC Adds Google to Military Health Contract Pursuit Team

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Google (NASDAQ: GOOG) has joined the team of companies led by PwC that is bidding for a multibillion dollar contract to build a new electronic health records system for the U.S. military. PwC said Thursday Google becomes the sixth company to join a team that also includes commercial EHR vendors DSS and Medsphere, MedicaSoft and General Dynamics (NYSE: GD). The team’s proposal —...

January 12 Morning Report: GovCon Index Closed Friday Slightly Down On Reports Of December Wage Decline

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The GovCon Index ended a strong trading week slightly down, closing Friday at 70.995 — off .306 points — or 0.433 percent. For the trading week Jan. 5-9, the index recorded a 0.516 percent increase and hit its second-ever largest closing figure within the past three months. U.S. stocks declined after two straight days of gains as investors showed concern over the Labor Department‘s...

January 9 Market Close: GovCon Index Retreats, Report Shows December Wage Decline

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The GovCon Index ended the trading week with a slight decline of 0.306 points — or 0.433 percent — to close at 70.995 on Friday. For the week started Jan. 5, the index recorded a 0.516 percent increase and hit its second-ever largest closing figure for a trading week within the past three months. U.S. stocks declined after two straight days of gains as investors showed concern over...

Tina Dolph Heads to ASRC Federal as Info, Technical Solutions President

Tina Dolph
Tina Dolph Tina Dolph, a two-decade government services veteran and formerly an executive vice president at PAE, has joined Greenbelt, Md.-based contractor ASRC Federal as president of the information and technical solutions operating group. Dolph joined the company in January and will lead a business that offers information technology, data analytics and business services to defense and civilian...

January 6 Market Close: GovCon Index Fall Continues as Factory Report Shows November Downturn

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The GovCon Index lost ground Tuesday for a third consecutive trading day as it fell 0.557 points — or 0.814 percent — to close at 69.062. Northrop Grumman (NYSE: NOC), Computer Sciences Corp. (NYSE: CSC) and General Dynamics (NYSE: GD) were the only companies on the index to record gains. Losses in the energy sector coupled with continued declines in oil prices continued to help drag U.S....

December 30 Market Close: GovCon Index Records Slight Decline

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The GovCon Index was down for the second consecutive day. The index closed Tuesday at 71.520, down 0.150 point, or 0.210 percent. The stock markets closed down with the Nasdaq composite index at 4,777.44, down 0.61 percent, the Standard & Poor’s 500 at 2,080.35 down 0.49 percent, and the Dow Jones industrial average down 0.31 percent to close at 17,983.07. Consumer confidence appears to be...

December 15 Market Close: GovCon Index Slips, Oil Prices Continue Plunge

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The GovCon Index started the last full week before the Christmas and New Year holidays with a slight decline of 0.299 points — or 0.444 percent — to close at 67.649 on Monday. Oil prices continued to garner much of the attention from investors and the price-per-barrel of crude oil on the New York Mercantile Exchange set a new five-year low, according to CNBC. The Dow Jones Industrial...