JP Morgan KOs $5 Bln IBM Outsourcing Deal
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J.P. Morgan Chase & Co. JPM.N, said  on Wednesday it was scrapping a $5 billion outsourcing deal  with IBM Corp.IBM.N, amid an overall plan to manage more of  its own technology services.
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IBM has signed a seven-year, &#36;969.2 million contract with British bank Lloyds TSB to supply it with Internet telephony and data services, IBM said on Monday.
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NEW YORK, December 31  - In a filing with the Securities and Exchange Commission, International Business Machines (IBM.
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JPMorgan Chase &amp; Co. says it will rehire 4,000 workers whose jobs it had outsourced to IBM, bucking a corporate trend in information technology.
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IBM Global Services has won a 10-year MYR 425m ($122m) IT services contract with Malaysian financial services group Affin Bank Bhd.
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JP Morgan Chase &amp; Co. says it will rehire 4,000 workers whose jobs it had outsourced to IBM, bucking a corporate trend in information technology.
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JP Morgan Chase &amp; Co., the country&#39;s second-largest bank, announced yesterday that it was ending a $5 billion outsourcing contract with IBM Corp.
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China has agreed to pump $5 billion into Morgan Stanley as the U.S. investment bank reported a stunning fourth-quarter loss fueled by $9.4 billion in write-downs in subprime mortgages and other assets.
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IBM  and Lehman Brothers   have agreed to pay nearly US$17 million for 7.7 percent  of Kingdee International Software Group Ltd. (0268.HK), aiming  to establish an alliance under which Big Blue will help the  Chinese software firm re-design its products and expand  globally.
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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 has signed a seven-year, $969.2  million contract with British bank Lloyds TSB to supply it with  Internet telephony and data services, IBM said on Monday.
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China agreed to pump $5 billion into Morgan Stanley  as the U.S. investment bank reported a stunning fourth-quarter loss fueled by a bigger-than-expected $9.4 billion of write-downs in mortgages and other assets.
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WASHINGTON  - J.P. Morgan Chase & Co.  said on Wednesday it was canceling a $5 billion outsourcing deal with IBM Corp.,  and planned to rehire about 4,000 workers who had been transferred to IBM under the pact.
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IBM offers $745 million for buy software developer Telelogic.
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Undoing a technology outsourcing deal set in late 2002, J.P. Morgan Chase yesterday said it would take back 4,000 of IBM's employees who have been providing the Wall Street firm with an array of technology support services.
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COMPUTER bellwether IBM has signed a seven-year, Â£500 million contract with Lloyds TSB to supply the UK bank with internet telephony and data services.
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IBM  and Lehman Brothers  have agreed to pay nearly US$17 million for 7.7 percent of Kingdee International Software Group Ltd. , aiming to establish an alliance under which Big Blue will help the Chinese software firm re-design its products and expand globally.