Thread: IBM Profit Flatline
10-19-2004 02:49 PM #1
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IBM Profit Flatline
Computer giant IBM has posted flat quarterly profits after being weighed down by a pension lawsuit settlement.
The firm, which recently agreed to pay $320m (£178m) to older staff adversely affected by a change to its pension, made a third quarter profit of $1.8bn.
Full story: news.bbc.co.uk/1/hi/business/3754782.stm
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