Diebold Inc. confirmed on Thursday what had been widely speculated since January: That it tried and failed to sell its often criticized voting technology business.

Diebold Inc. said Thursday it has failed to sell its voting technology business, which is used in elections across the country, amid criticism that its voting machines were not reliable.

By Dave Scott, The Akron Beacon Journal, Ohio Feb. 1--Despite increased revenue, Diebold Inc. announced disappointing fourth-quarter results on Tuesday and launched a $100 million cost-cutting venture for the next three years.