Posts tagged “Nortel”
So why did Nortel go bankrupt, causing 8,000 job losses in RTP alone? James Bagnall, the associate business editor of The Ottawa Citizen who followed Nortel closely for years, explains how a "rush to judgment" in 2001 sealed the fate of the former telecom giant.
The drawn-out battle for assets of bankrupt telecommunications firm Nortel apparently will continue for the rest of this year as the U.S. business unit asks a bankruptcy judge for a trial to deal with U.K. pension demands.
Creditors of Nortel Networks, the defunct telecommunications company, failed to agree on how to divide about $9 billion in cash. A group representing retirees in Canada said the "battle" for benefits would continue.
Creditors receive more time to work out a settlement for some $9 billion in bankrupt Nortel assets. Meanwhile, a hearing has been set for Feb. 14 to discuss a proposed $28 million settlement between disabled U.S. workers and Nortel.
Creditors of Nortel Networks Corp., the defunct telecommunications company, were asked to extend for four days their negotiations over how to split $9 billion in cash between bondholders and retirees.
The former chief executive of bankrupt Nortel Networks and two former senior executives were found not guilty Monday of falsifying financial reports in what prosecutors said was a scheme to report profits and gain bonuses. In other news, the debate about Nortel's assets begins today in Toronto.
A group of technology companies including Apple, RIM and Google won court approval Friday of a $527 million deal for Eastman Kodak Co. patents that are being sold as part of Kodak's bid to exit bankruptcy protection.
A group including Apple Inc., Google Inc. and Research In Motion Ltd. agreed to buy patents from bankrupt Eastman Kodak Co. for about $525 million, gaining digital-imaging technology to capture and share pictures.
Inside the Bulldog Blog: AT&T expands wireless at NCSU games; Red Hat wins industry honor; Bayer CropScience mulls appeal in Dow AgroSciences suit; Cempra reports gonorrhea drug advance; OxyBio signs deal with Navy.
In the news: Nortel trial; Vocus hiring; Tengion $15M; ABB backs Marbles; Red Hat's JBoss; Elster execs
Inside the Bulldog Blog: Defense says 'no dishonest acts' in Nortel trial; Vocus hiring in Morrisville; life science firm Tengion raises $15M; ABB funds a smartgrid project at Marbles museum; Red Hat's JBoss name change; Elster names new execs.
Inside the Bulldog Blog: Nortel trial nears end; startup JouleBug's energy app; Travelocity's gnome contest; blood pressure cuffs from SunTech; DARA stock regains some value; AT&T certifies Telit technology.