JP Morgan KOs $5 Bln IBM Outsourcing Deal
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J.P. Morgan Chase & Co. JPM.N, said  on Wednesday it was scrapping a $5 billion outsourcing deal  with IBM Corp.IBM.N, amid an overall plan to manage more of  its own technology services.
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IBM offers $745 million for buy software developer Telelogic.
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Spanish bank Caixanova has chosen IBM Corp for an infrastructure outsourcing contract worth 70m euros ($90.5m) over 10 years. Under the deal, IBM will continue to handle the savings bank's central infrastructure and provide backup recovery services.
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IBM (NYSE: IBM) and Sparkassen Informatik (SI) GmbH, Germany's largest provider of information technology (IT) solutions to savings banks, today announced that they have agreed to a five-year extension of their existing IT partnership.
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ARMONK, N.Y. -- IBM Corp. said Monday it has won a $1.4 billion outsourcing contract from AstraZeneca PLC, a seven-year deal aimed at helping the British pharmaceutical company manage its internal technology operations.
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JPMorgan Chase on Wednesday canceled its $5 billion outsourcing deal with IBM and said it would rehire about 4,000 workers who had been transferred to IBM under the arrangement.
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NEW YORK, December 31  - In a filing with the Securities and Exchange Commission, International Business Machines (IBM.
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IBM sold its first euro-denominated bond in almost five years on Wednesday, with a deal that reflected strong interest from retail investors in rare and highly rated corporate borrowers.
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IBM Corp has signed a seven-year deal to manage the voice and data services of London, UK-based financial institution Lloyds TSB. The contract is estimated to be worth $972.5 million.
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IBM's loss of its huge JPMorgan contract comes as outsourcing deals are getting smaller.
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J.P. Morgan Chase & Co. , said on Wednesday it was scrapping a &#36;5 billion outsourcing deal with IBM Corp., amid an overall plan to manage more of its own technology services.
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ack in December 2002, when J .P. Morgan Chase announced the seven-year, $5 billion deal to outsource much of its data processing to IBM, both companies bragged that the contract, the
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The company, battered by the subprime crisis, said it would sell a $5 billion stake to a Chinese investment.
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InfoWorld - IBM reported on Mar. 2 that it has signed American Airlines as its latest major human resources outsourcing customer, announcing a $217 million deal to take over much of the airline&#39;s personnel operations.
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IBM said Wednesday that it has sewn up outsourcing deals with two Danish companies valued at more than $1 billion over 10 years, reinforcing its strength in Europe.
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OCTOBER 21, 2004  - IBM has signed a seven-year, $180 million IT outsourcing deal with Short Hills, NJ-based Dun &amp; Bradstreet Corp.
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IBM Corp. has offered to buy Telelogic AB, a Swedish developer of software development tools, in a cash deal valued at 5.2 billion Swedish krona, or about US$745 million, the companies announced Monday.