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.
America’s biggest employers, from GE to IBM, are increasingly moving retirees to insurance exchanges where they select their own health plans, an historic shift that could push more costs onto U.S. taxpayers.