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IBM ups 2008 earnings target again

AP — Thu, 17 Jul 2008 20:26:06 +0000

IBM Corp. its raising its profit targets for the year _ again.The technology company says it should earn $8.75 per share this year, as its international diversity and product mix help it get past troubles in its biggest customer segment,...

IBM agrees to $20M settlement of options-related lawsuit

AP — Mon, 02 Jun 2008 22:38:45 +0000

IBM Corp. has agreed to pay $20 million to settle a lawsuit by shareholders who claimed the technology company misled the public about employee stock-option expenses in 2005.The settlement, disclosed Monday by lawyers for the plaintiffs, comes a...

MBIA slides to huge 1Q loss on hefty charges

AP — Mon, 12 May 2008 11:03:20 +0000

MBIA is posting a large first-quarter loss, as the struggling bond insurer took heavy charges to write down the value of certain liabilities amid continued deterioration in the credit markets.Armonk, N.Y.-based MBIA Inc. lost $2.41 billion, or...

Longtime IBM executives Donofrio, Zeitler to retire

AP — Mon, 05 May 2008 19:50:34 +0000

Two longtime IBM Corp. executives are retiring, prompting the technology company to reshuffle its top ranks.William Zeitler, 60, who has been running IBM’s hardware group, will hand the division to Robert Moffat, who most recently has been in...

Federal Ban on Contracts With IBM Lifted

AP — Fri, 04 Apr 2008 12:43:23 +0000

The Environmental Protection Agency is lifting a week-old ban that prevented IBM from getting new government contracts.The ban from all new federal work stems from an $84 million Environmental Protection Agency contract the company lost last year...

IBM Increases Outlook and Buyback Plans

AP — Tue, 26 Feb 2008 16:28:41 +0000

IBM Corp. raised the low end of its 2008 earnings outlook Tuesday and said its board of directors had authorized a continuation of its massive stock buyback program. Its shares jumped 2.7 percent.IBM now expects earnings per share to exceed $8.25...

MBIA to Get $1 Billion Capital Infusion

AP — Mon, 10 Dec 2007 17:39:15 +0000

Bond insurer MBIA Inc. said Monday it will receive a cash infusion of up to $1 billion from private equity firm Warburg Pincus to help bolster its capital reserves as it braces for mounting losses and writedowns in the fourth quarter.The news...

IBM Has Greener Way to Reuse Silicon

AP — Tue, 30 Oct 2007 04:53:13 +0000

IBM Corp. says it has developed a greener method for recycling precious silicon that is wasted during computer chip manufacturing.For microprocessors and other computer chips to be made, discs of silicon known as wafers get circuitry imprinted on...