Nortel has officially filed for bankruptcy in a bid to be on "sound financial footing once and for all." In a statement, Nortel detailed its bankruptcy filing. And while it's unlikely that Nortel will ...

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 ...

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 ...

TORONTO — Telecommunications equipment maker Nortel Networks filed for bankruptcy protection in Canada and the U.S. on Wednesday, becoming the first major technology company to take that step in this ...

"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 ...

WILMINGTON, Del. (CN) - Nortel Networks, one of Canada's biggest companies, has filed for bankruptcy, listing nearly $12 billion in debt. Nortel, which employs 32,000 people, filed the day before it ...

TORONTO (Reuters) - Nortel Networks Corp, North America's biggest telephone equipment maker, filed for bankruptcy on Wednesday, hoping to save a once highflying business whose decade-long decline has ...

Nortel Networks is reportedly seeking legal counsel to figure out its bankruptcy option in case its restructuring fails. According to the Wall Street Journal, a Nortel bankruptcy filing isn't imminent ...

(Reuters) - Former telecommunications equipment maker Nortel Networks Inc and the U.S. pension insurer have reached a deal that clears the way for the company to end its eight years in bankruptcy.

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 ...

TORONTO -- — 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 ...