CSC Expects to Enter Binding Arbitration with Sears

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    In an earnings call today, CSC Chairman and Chief Executive Officer Van B. Honeycutt said his company expects “to enter binding arbitration shortly” in its dealings with Sears, which canceled its multi-year outsourcing contract with the service provider last week. “That process will probably take through to the fall, by which time the contract will come to a conclusion one way or the other,” he said in response to an analyst's question.

    He added that the company expects no material financial impact, no matter what the outcome.