Results include charge to settle pension dispute
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SAN FRANCISCO (CBS.MW) -- IBM said on Monday that third-quarter profit, excluding a pension-related charge, rose 12 percent from a year ago and slightly beat expectations, as the world&#39;s largest computer company boosted sales of everything from servers to
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The commercial insurer reached an agreement with  several states to pay $6 million to resolve an investigation into fees it paid to brokers.
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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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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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IBM on Wednesday said it has settled  portions of an ongoing lawsuit related to its pension plan and  said the potential liability for the other claims that remain  on appeal is capped at $1.4 billion.
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The government yesterday settled its case against former Freddie Mac chairman and chief executive Leland C. Brendsel for a fraction of the more than $1 billion in damages and penalties it had been seeking for his alleged participation in accounting manipulations.
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Legal action was taken against IBM concerning its conversion to a controversial cash-balance pension plan. Under the terms of the agreement, IBM will pay at least $300 million to settle certain claims in the complex lawsuit.
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Payout settles class-action lawsuit alleging company unlawfully withheld overtime pay from some employees.
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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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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 a settlement could cost as much as &#36;6.5 billion.
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Employers and unions have reached an agreement, resolving the long-running dispute over firefighters' pay.
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IBM will pay out $320 million to settle part of a class-action lawsuit relating to its pension plan. The settlement does not, however, address the critical issue of whether the companyâs controversial cash
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Two companies that manage and market Franklin Templeton mutual funds have agreed to pay a total of $20 million to settle federal regulators' charges that they failed to disclose their use of fund assets to pay brokerages for steering customers to the funds.
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The S.E.C. said that I.B.M. had settled a case in which it had been accused of misleading investors.
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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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The insurance company has agreed to pay about $80 million to settle investigations into insurance sales that were used by companies to manipulate their earnings.