(Reuters) - Nortel Networks Corp, North America's biggest maker of telephone equipment, announced sweeping cost cuts on Monday that include another 1,300 layoffs after posting a $3.4 billion loss in ...

TORONTO – The trial of three former Nortel executives accused of fraud while at the fallen telecom equipment maker continues, with prosecutors expected to wrap up their opening statements in what ...

Nortel Networks filed Jan. 14 for Chapter 11 bankruptcy protection in the U.S. and under the Companies' Creditors Arrangement Act (CCAA) in Canada, just days before it was expected to pony up a $107 ...

Nortel Networks (NT:TSE)(NT:NYSE)posted the biggest quarterly loss in Canadian corporate history as it revealed Thursday that it lost $19.4 billion US in its second quarter. The loss per share was ...

Simultaneous decisions in both the U.S. and Canada on Nortel’s US$7.3 billion in leftover assets have made legal history. Drew Hasselback explains.

(Reuters) - Nortel Networks Corp's wireless business goes on the auction block July 24, marking the first of the insolvent company's three key units to be put up for sale. Three bids have already ...

On Jan. 14, Ontario Superior Court Justice Frank Marrocco acquitted three former Nortel Networks Corp. executives on charges of manipulating financial statements. The trial, one of the largest in ...