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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Not admitting liability IBM is paying up to $65m in backdated overtime pay to 32,000 US-based techies,to settle a federal class action suit.â¦
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US computer giant IBM agrees a $320m deal with older staff, who had argued that changes to its pension scheme left them worse off.
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Technology industry bellwether IBM has reported a healthy rise in net income in the third quarter, but its overall results were hampered by a $320m legal settlement related to its employee pension plan.
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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 Corp. said Wednesday it will take a $320 million charge this quarter to settle some claims and cap its liability on others in a long-running class-action dispute about changes made in the 1990s to its pension plan.
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The estate of Kenneth L. Lay agreed to pay $12 million to settle claims on behalf of participants in company pension plans.
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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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India's Central Board of Direct Taxes (CBDT) and IBM (NYSE: IBM) today announced a US$45 million, 5-year services agreement to modernize CBDT's IT Infrastructure.
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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  will offer future employees a 401(k) pension plan instead of a fixed pension, the company said on Thursday, backing away from a controversial policy that reduced retirement payouts and stirred employee ire.
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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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International Business Machines Corp. has settled portions of an ongoing lawsuit related to pensions, and will take a charge of &#36;320 million in the current quarter, the technology company said on Wednesday.
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Information technology giant IBM said it agreed to pay 65 million dollars to settle a class action lawsuit concerning overtime pay.
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Lenovo Group, China&#39;s personal computer giant, Wednesday signed a definitive agreement with IBM to acquire Big Blue&#39;s personal computer
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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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NEW YORKâIBM said yesterday it is in talks to settle a mammoth lawsuit alleging a pension plan adopted by the firm in the 1990s discriminated against 140,000 older workers.