IBM agrees on partial pension settlement
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In a decision that eventually may affect millions of workers, IBM says it will pay $320 million to settle part of a pension plan lawsuit.
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International Business Machines Corp. settled a federal class-action lawsuit Wednesday, agreeing to pay a total of $65 million to 32,000 technology workers who claimed the company illegally withheld overtime pay.
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The judge presiding over a massive pension suit against IBM, which could cost the company more than &#36;6.5 billion, agreed Friday to a short delay while settlement talks continue.
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NEW YORK - IBM Corp. said Friday that it has settled part of an employee lawsuit claiming that the world&#39;s biggest seller of computers and related services violated age-discrimination rules when it changed pension plans.
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The union that represents pilots at United Airlines said yesterday that it had struck a deal that would allow the airline to terminate the pilots&#39; ailing pension plan and partly compensate them for the loss.
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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 announced Monday that it has won a 10-year contract from Honeywell International Inc. worth several hundred million dollars. The agreement between IBM&#39;s Engineering &amp; Technology Services unit and Honeywell&#39;s
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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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International Business Machines Corp. said Wednesday it had agreed to settle most of the issues in a suit over changes in its pension plans on terms that allow the company to continue to appeal a key question while capping its liability at $1.7 billion. -The Washington Post
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International Business Machines Corp. said yesterday that it agreed to settle most of the issues in a lawsuit over changes in its pension plans on terms that allow the company to continue to appeal a key question while capping its liability at &#36;1.7 billion.
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Ernst &amp; Young LLP will pay $40 million to the US Federal Deposit Insurance Corp. and is finishing a settlement to pay $85 million to the Office of Thrift Supervision to settle a case involving
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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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Lenovo Group has signed a five-year deal with IBMÂ to provide services and support to its customers. The deal, outlined in a filing with the Hong Kong stock exchange Tuesday, could be worth up to $245 million for IBM over the term of the contract.
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International Business Machines Corp. said yesterday it will pay at least $300 million to settle part of a lawsuit that claimed the firm's pension plan discriminated against older workers.
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I.B.M. said that it had agreed to pay $320 million to its employees to settle in part a class-action lawsuit over its pension plan.
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International Business Machines Corp.  IBM.N on Monday posted a flat quarterly net profit, weighed  down by the partial settlement of an employee pension lawsuit  and lackluster sales in its mainstay computer services  business.
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NEW YORK, December 31  - In a filing with the Securities and Exchange Commission, International Business Machines (IBM.