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IBM temporarily suspended from new Fed deals over EPA probe

SAN FRANCISCO (MarketWatch) — International Business Machines said late Monday it learned it has been temporarily suspended from new business with federal agencies because of an ongoing procurement probe. The Environmental Protection Agency is probing possible procurement integrity violations by IBM employees. IBM also said it has been served with grand jury subpoenas from the U.S. Attorney’s Office for the Eastern District of Virginia to provide testimony and documents related to EPA business.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Original post by Forextvblog

This entry was posted on Monday, March 31st, 2008 at 4:53 pm and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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