Retirees from Nortel are fed up with what’s happening at the troubled telecommunications equipment-maker, and they want a law firm to represent their interests during bankruptcy proceedings. Concerned ...

Wall Street Journal, Bloomberg both say telecom gear-maker is exploring various options. Nortel employs some 2,000 people in RTP. Telecommunications gear-maker Nortel Networks is preparing for a ...

"It's a very wise decision," said Stuart Chandler, president and CEO of Optivor Technologies, an Ellicott City, Md.-based solution provider and Nortel Elite Advantage Partner. "Nortel will emerge a ...

Via Reuters, it looks like Nortel is preparing for layoffs in the course of its bankruptcy protection proceedings. Reuters flags the website of the court-appointed monitors, Ernst & Young, where you ...

TORONTO (AP) -- Nortel Networks Corp. spent years ringing up multiple rounds of layoffs as it tried to fix big problems in its business. But it couldn't ward off the recession. The telecommunications ...

Nortel is attempting to put the brakes on its financial free fall by seeking bankruptcy protection in the United States, Canada and Europe. Read a letter from Nortel’s CEO. Read a FAQ on what this all ...

Nortel’s demise — punctuated by this week’s bankruptcy protection filings — Â started long before the accounting scandal of 2004 and the multimillion dollar quarterly losses that the company has piled ...

According to Nortel, the company made the decision to file for bankruptcy protection with the unanimous authorization of its board of directors. Nortel said the filings will not interrupt operations ...

One major reason Nortel Networks filed for protection against its creditors in the U.S. and other countries Wednesday was to preserve $2.4 billion in cash, which the company plans to use to provide ...

TORONTO, Dec 10 (Reuters) - Nortel Networks Corp shares fell about 25 percent on Wednesday after a Wall Street Journal report that North America's biggest telephone equipment maker has sought legal ...

Financially struggling Nortel Networks filed for Chapter 11 in U.S. bankruptcy court Wednesday. The Toronto-based company is seeking creditor protection in the U.S., Canada and EMEA (Europe, the ...