IBM OKs Partial Pension Suit Settlement
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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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US computer giant IBM blames a $320m pension lawsuit settlement as it reports flat third quarter profits.
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International Business Machines Corp. said yesterday 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
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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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International Business Machines (IBM) has settled portions of an ongoing lawsuit related to pensions, and will take a charge of $320 million in the current quarter, the technology company said Wednesday.
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International Business Machines  Corp. said on Friday that it notified a U.S. District Court  that it is in discussions to resolve some of the issues in a  potentially multibillion-dollar lawsuit over its pension plan.
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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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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.
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US computer giant IBM agrees a deal with lawyers representing staff who fear the company's pension plan discriminates against older workers.
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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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NEW YORK - IBM Corp. posted quarterly results on Monday showing 9 percent revenue growth from last year and slight earnings growth, despite a $320 million charge it took during the quarter to settle some claims in a lawsuit over its pension plan.
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SAN FRANCISCO (CBS.MW) -- IBM Corp. said Wednesday it would take a $320 million charge toward its third-quarter earnings as part of an agreement to resolve certain claims in a lawsuit brought against its pension plan.
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IBM and the plaintiffs in the case of Cooper et al v. the IBM Personal Pension Plan and the IBM Corporation have filed a notice with the United States District Court for the Southern District in Illinois.
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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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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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The judge presiding over a massive pension suit against IBM, which could cost the company more than &#36;6.5 billion, agreed to a short delay while settlement talks continue.
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Starting next year, International Business Machines Corp. will exclude new workers from its contested cash-balance pension plan and offer them only a 401 (k) savings plan.