IBM books $160 million pension-related fee in third quarter

(Reuters) – International Business Machines said it was booking a pension-related fee in its third quarter of $160 million due to a ruling by the high court in London in a legal dispute over retirement terms at its UK business.

Bright spot for Mason in Telus dispute as court allows shareholder meeting

The U.S. hedge fund has been feuding with Telus for months over the company’s plan to consolidate its voting and non-voting shares on a one-for-one basis

Cyber attacks against Wells Fargo "significant," handled well: CFO

(Reuters) – Recent cyber attacks against Wells Fargo & Co were “pretty significant” but didn’t cause customer losses or a major increase in expenses, the bank’s Chief Financial Officer, Tim Sloan, told Reuters on Friday.

Microsoft to sue Google with Motorola in German patent row

SEATTLE (Reuters) – Microsoft Corp said on Friday it plans to add Google Inc as a defendant in Germany in one of its patent actions against Google’s phone maker, Motorola Mobility, the first time the two tech giants have come into direct legal conflict over Google’s Android mobile software.

Satellite burns up following SpaceX rocket glitch

CAPE CANAVERAL, Fla., Oct 12 – An experimental communications satellite flying piggyback aboard a Space Exploration Technologies’ Falcon 9 rocket fell out of orbit and burned up in the atmosphere following a problem during liftoff, satellite operator Orbcomm said on Friday.

U.S. posts fourth-largest budget deficit since World War Two

The U.S. faces a so-called fiscal cliff of US$1.2-trillion in mandated spending cuts if Congress can’t agree by Dec. 31 on ways to reduce the deficit

NASA in nasal spray deal to combat motion sickness

CAPE CANAVERAL, Florida (Reuters) – NASA has signed an agreement with a California-based startup to develop and market a nasal spray for motion sickness, the U.S. space agency said on Friday.

Santander UK blames IT delays for RBS deal collapse

LONDON, Oct 12 (Reuters) – Spain’s Santander said
it pulled out of a deal to buy 316 UK branches from Royal Bank
of Scotland as there was no chance of the deal
completing by the end of this year and…