Nortel Network News

Nortel Networks Corp.'s external auditors warned the company it should not rush incomplete work on a restatement of its books in 2003, but a senior staff member testified Monday she felt hurried to announce the restatement.

Google Inc received U.S. antitrust approval to buy Motorola Mobility , a deal aimed at building up an arsenal of patents, and an Apple-led consortium also received the go-ahead to purchase a trove of patents from bankrupt Canadian company Nortel Networks, the Justice Department said.

U.K. pension authorities that could get stuck with more than $3 billion worth of pension liabilities due to the collapse of Nortel Networks Corp.

Airvana Network Solutions, which makes software that enables smartphones to send and receive high-speed data, announced that it has filed a lawsuit against Swedish-based Ericsson A.B. for secretly conspiring with a Korean partner to create a "knock-off" version of Airvana's software.

Nortel was a business failure. The sad evidence now piled in a Toronto courtroom will prove that.

The Justice Department will approve Google's $12.5 billion bid to acquire Motorola Mobility Holdings Inc, according to sources close to the antitrust review.

The U.S. Justice Department will probably give antitrust approval next week to Google Inc.'s bid for Motorola Mobility Holdings Inc., said two people familiar with the matter.

Nortel staffers used "significant guestimation" in accounting for expense reserves that had the potential to drain cash flow and impact earnings, the trial of former senior executives at the insolvent telecom was told Wednesday.

Radware was upgraded by Zacks Investment Research from a "neutral" rating to an "outperform" rating in a research report issued to clients and investors on Wednesday.

An undisclosed number of Ottawa-based employees of networking giant Ciena Corp. were laid off last week as part of a North American cost-cutting initiative, according to the Maryland-based company.

A "tense and uncomfortable" meeting erupted between then-corporate controller for Nortel Networks Corp.

The board of Nortel Networks Corp. paid bonuses to executives for returning the company to profitability in 2003 based on internal calculations of profitability that relied on using large accounting reserves to meet the targets, Crown attorney Robert Hubbard said Monday.

Accounting transactions that led to fraud charges against former Nortel Networks Corp.

After two weeks of opening arguments and testimony, one of the biggest surprises of the trial involving Nortel's top three financial executives has been the rather odd role of Brian Harrison.

Nortel Networks Corp. appeared profitable enough in the first quarter of 2003 to trigger a "return to profitability" bonus for top executives even without using controversial accounting reserves that bolstered earnings in that period, a lawyer for former chief executive Frank Dunn suggested Thursday.

Radware was upgraded by research analysts at RBC Capital from a "sector perform" rating to an "outperform" rating in a report issued on Thursday.

MANITOBA'S small and medium-sized businesses were feeling more upbeat at the start of the new year, a new survey shows.

Nortel Networks Corp. managers needed be "models of ethical behavior" as the company strove to turn the corner during the early part of the last decade, the fraud trail of former senior executives at the fallen telecom giant heard Wednesday.

If you've ever attended a convocation ceremony at U of O, here's a hint: Huguette Labelle was the regal woman wearing a fur-lined red robe, who shook graduates' hands conditions existed for senior managers, including for the accused, the Crown prosecutor suggested Tuesday.

A former Nortel Networks Corp. accounting official says he was told to call business units around the world to find new accounting reserves that could be used to transform a surprise profit in the fourth quarter of 2002 into a loss.