IBM saved about $1.6 billion in tax maneuver: WSJ
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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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ARMONK, N.Y. -- Computer server and software maker IBM said Monday its fourth-quarter earnings from continuing operations rose 24 percent from a year ago, beating Wall Street expectations by a wide margin.
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Toys &quot;R&quot; Us Inc. swung to a profit in the second quarter from a loss a year ago, buoyed by a reversal of $200 million in income tax reserves.
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IBM reported a better-than-expected 24  percent rise in preliminary quarterly earnings on Monday on  strong sales in overseas markets, driving its shares up 6  percent and spurring a broader tech rally.
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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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Partners of private equity firm Blackstone Group LP  may have devised a way to avoid paying tax on $3.7 billion raised largely in the firm's initial public offering last month, a regulatory filing shows.
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Shares of IBM  gained 4 percent on Tuesday after the world's largest computer company posted third-quarter results that marked a recovery from a weak second-quarter performance, Wall Street commentators said.
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McDonald's Corp , the world's  largest restaurant chain operator, posted higher quarterly  profit on Monday, helped by a tax benefit, despite sluggish  sales at U.S. restaurants
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IBM  misled investors by  overestimating the impact of stock-based compensation expenses  on quarterly earnings in 2005, the U.S. Securities and Exchange  Commission said on Tuesday.
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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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International Business Machines  Corp. IBM.N on Tuesday posted a quarterly net profit that  beat Wall Street's recently raised profit target as solid  year-end product sales were buoyed by a weaker U.S. dollar.
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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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Wall Street stocks were firmer at mid-morning on Thursday, boosted by solid earnings from a number of bluechips, led by IBM.
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U.S. stocks to watch on Wednesday: IBM CORP. : The computer maker said it sealed deals worth more than &#36;1 billion in new work with two European companies from which the information technology company just acquired two Danish services providers.
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Shares of IBM IBM.N gained 4 percent  on Tuesday after the world's largest computer company posted  third-quarter results that marked a recovery from a weak  second-quarter performance, Wall Street commentators said.
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SAN FRANCISCO (CBS.MW) -- IBM said on Monday that third-quarter profit, excluding a pension-related charge, rose 12 percent from a year ago and slightly beat expectations, as the world&#39;s largest computer company boosted sales of everything from servers to
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IBM  reported a better- than-expected 24 percent rise in preliminary quarterly earnings on Monday on strong sales in overseas markets, driving its shares up 5 percent and spurring a broader tech rally.