Ibm reports 18. 1% profit drop
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NEW YORK — International Business Machines Corp. said today its second-quarter profit fell 18.1%, but would have risen 12.7% if not for the expense of a streamlining plan. Last month, IBM
announced a $600-million plan to consolidate manufacturing and headquarters operations that it said will probably lead to the resignation or retirement of 3,000 to 4,000 employees. MORE TO
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