International Business Machines Corp. was sued by Iusacell SA, Mexico’s third-biggest mobile- phone provider, for $2.5 billion in lost profits tied to a 2010 deal that failed. IBM claims the lawsuit is intended to avoid arbitration over the contract.
International Business Machines Corp., which is moving benefits for Medicare-eligible retirees to a private health exchange, said its contribution to their health care would be “consistent” with previous years.
A federal judge denied the U.S. government’s request to delay an order that allows deepwater oil drilling to resume while the U.S. notified an appeals court it would challenge the decision lifting the six-month moratorium.
International Business Machines Corp., the largest computer-services provider, sued a former technology services manager to keep her from working at Oracle Corp., saying the new position violates a non-compete clause.
International Business Machines Corp. said in March 2011 it had settled with U.S. regulators over allegations it bribed Chinese and South Korean officials to win at least $54 million in government contracts.