IBM saved about $1.6 billion in tax maneuver: report
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International Business Machines Corp.  saved about $1.6 billion last month by using a corporate tax loophole that has since been closed, the Wall Street Journal reported in its online edition on Wednesday.
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IBM reported a 6 percent increase in profit for its fiscal third quarter as a strong performance from its services business offset a slide in hardware revenue.
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IBM&#39;s personal computer business, which it is selling to Lenovo Group of China, has lost money for the past 3 1/2 years. International Business Machines Corp.
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IBM , the world&#39;s largest  technology services company, on Wednesday posted a higher  quarterly profit as revenue rose 9 percent, helped by  software-company acquisitions and growth in computer services.
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International Business Machines Corp.  IBM.N on Monday posted a flat quarterly net profit, weighed  down by a legal settlement, but the world's largest computer  company sounded a confident outlook and its shares rose 2.3  percent after-hours.
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Partners of private equity firm  Blackstone Group may have devised a way to avoid paying tax on  $3.7 billion raised largely in the firm&#39;s initial public  offering last month, the New York Times reported on Friday.
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CHICAGO (CBS.MW) -- Toys &quot;R&quot; Us said Monday it made money in the fiscal second quarter, in contrast to the prior year&#39;s loss, thanks in part to a $200 million income-tax reversal.
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BOSTON -- An investigation of IBM Corp. by the Securities and Exchange Commission ended Tuesday without penalty, although the government found that the technology company misled analysts about employee stock-option expenses in 2005.
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International Business Machines Corp. (IBM.N: Quote, Profile, Research) on Monday posted a flat quarterly net profit, weighed down by the partial settlement of an employee pension lawsuit
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Ingram Micro Inc. , the world's largest computer products distributor, on Thursday posted a higher quarterly profit, helped by a legal settlement and a lower tax rate.
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IBM on Thursday provided more details of its robust fourth-quarter and 2007 financial performance, following an early preview of the figures on Monday.
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IBM's personal computer business racked up $965 million in losses between Jan. 1, 2001, and June 30, 2004, the company said last week in a filing to the U.S. Securities and Exchange Commission, detailing the planned sale of the business to China's Lenovo Group.
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IBM , the world's largest technology services company, on Wednesday posted a 12 percent jump in quarterly profit and raised its 2007 earnings forecast as revenue surged on software-company acquisitions.
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By BRIAN BERGSTEIN BOSTON - IBM Corp. disclosed Tuesday that it is taking on $11.5 billion in new debt to finance the aggressive accelerations of its stock repurchase plan, which appears to be one of the largest such steps ever.
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A tax break saves the chip-maker from a big quarterly loss.
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U.S. business productivity grew at a  1.6 percent annual rate in the second quarter, higher than  first estimated, the government said on Wednesday in a report  that also showed worker compensation up much more this year  than initially thought.
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IBM Corp. said Wednesday it has agreed to pay $320 million in retirement benefits to settle part of a class-action lawsuit and another $1.