IBM to take $320M charge for pension settlement
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After settling a portion of a 5-year-old lawsuit involving its pension plan, Armonk, NY-based IBM Corp. (NYSE: IBM) will take a $320 million charge on its third-quarter earnings.
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IBM said Wednesday it had agreed to pay $320 million to its employees to settle in part a class-action lawsuit over its pension plan in a case that will affect millions of workers at many companies and nonprofits.
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IBM on Wednesday said it will take a third-quarter charge of $320 million to settle all but two claims of an ongoing lawsuit claiming its pension plan discriminated
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Computer Associates International, Inc. said yesterday that it would pay $225 million to settle investigations by the Department of Justice and the Securities and Exchange Commission.
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IBM Corp. and plaintiffs challenging the legality of its pension plan agreed to a deal Wednesday that settles most claims and caps the company's potential liability at &#36;1.7 billion. The company previously had estimated that a settlement could cost up to &#36;6.5 billion.
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IBM has signed a 7-year, $969 million  contract with British bank Lloyds TSB to supply it with  Internet telephony and data services, The U.S.-based computer  giant said on Monday.
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NEW YORK - The judge presiding over a massive pension suit against IBM, which could cost the company more than $6.5 billion, agreed Friday to a short delay while settlement talks continue.
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IBM and the rest of the tech industry might have a better year than most onlookers expected. IBM's third-quarter earnings rose 15% from a year earlier, to &#36;1.17 a share, excluding a one-time &#36;320 million charge to settle a lawsuit over its pension plan. That beat analysts' average estimate by 3 cents a share.
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San Francisco - It is reported that IBM is to sell its personal computer business in a deal that could be worth up to $2 billion and would cap a gradual withdrawal from the business it helped to pioneer in 1981.
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International Business Machines Corp.  has settled for an undisclosed sum part of a potentially multi-billion-dollar lawsuit over its pension plan, a Wednesday court filing shows.
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IBM (IBM.N: Quote, Profile, Research) will offer future employees a 401(k) pension plan instead of a fixed pension, the company said on Thursday, backing away from
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By Anne Krishnan, The News & Observer, Raleigh, N.C.  Mar. 8--IBM wants workers to be prepared when it freezes its pension fund next year and switches workers into investments they will have to manage themselves.
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IBM, in the latest turn in a pension plan case that could reverberate through the Fortune 500, said on Friday it is in talks to resolve some of the issues in a lawsuit that could cost Big Blue billions of dollars.
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San Francisco, September 30: IBM on Wednesday said it will take a third-quarter charge of $320 million to settle all but two claims of an ongoing lawsuit claiming its pension plan discriminated against older workers, in exchange for capping its potential
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IBM will pay out $320 million to settle part of a class-action lawsuit relating to its pension plan. The settlement does not, however, address the critical issue of whether the companyâs controversial cash
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IBM Corp. and plaintiffs challenging the legality of its pension plan agreed to a deal Wednesday that settles most claims and caps the company's potential liability at &#36;1.7 billion. The company previously had estimated a settlement could cost as much as &#36;6.5 billion.
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Big Blue settles part of pension transfer, age discrimination suit; estimates for claims neared $6B. NEW YORK  - International Business Machines Corp.