IBM settles more employee pension claims
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With the economy slowly turning up, upgrading hardware has been on businesses radar in the past 12 months as their number two priority.
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IBM IBM.N 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 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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IBM&#39;s (IBM) decision to drop cash-balance plans for new hires could put pressure on other companies to close similar programs amid lawsuits and attacks from critics who say the plans hurt older workers.
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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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Last week&#39;s disclosure by International Business Machines Corp. that it will close its traditional pension plans to new employees and give the new hires only a 401(k) plan is more than
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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 said Friday 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.
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HARTFORD, Conn. -- An investment firm that was found in breach of contract in a lawsuit involving the state&#39;s pension fund has settled for $15 million, the two sides announced Monday.
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Oct. 11 issue - IBM retirees will get their cash, but what&#39;s it to you? It&#39;s too soon to tell. Last week IBM agreed to pay $300 million to settle old pension claims, and agreed to pay $1.
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Workers could be offered pay settlements lasting up to three years
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IBM will take a $320m (Â£178m) 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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IBM said Wednesday that it had agreed to pay $320 million to current and former employees to settle in part a class-action lawsuit over its pension plan in a case that may affect millions of workers at many companies and nonprofit organizations.
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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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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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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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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