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Articles tagged with: Bankruptcy and Nortel Networks
Nortel's US Pension Fund Taken Over by Federal Agency
..determined by the legal limits in force on the date of the plan sponsor's bankruptcy. Therefore participants in this pension plan are subject to the limits in effect on January 14, 2009, which set a maximum guaranteed amount of $54,000 for a 65 more
Related Tags: pension, insurance, usa,
Nortel to Seek Buyer for Stake in LG-Nortel Joint Venture
..are) in LG-Nortel, the company's Korean joint venture with LG Electronics. Nortel, which is in bankruptcy protection said that LG-Nortel is a profitable, standalone business with a strong balance sheet, and has not filed for creditor protection more
Related Tags: nortel, lg, lg-electronics, goldman-sachs, court-of-justice, court, ontario, Korea
Nortel Exec - Will Consdier Bids for the Company Divisions
..deration to any offers to buy divisions in the company as it restructures under court approved bankruptcy protection. "We will go through the process of having those discussions," Bruce Gustafson, vice president of strategic marketing for the ca more
Related Tags: ptc, nokia, wall-street-journal, iden, nortel, nokia-siemens-networks, siemens, nokia-siemens, court, Canada
RIM Looking to Hire Thousands of New Staff in 2009
..irm, Nortel Networks is cutting some 3,200 additional jobs as it tries to exit bankruptcy protection. 'This is the easiest time to say 'I have to be very careful and wind down my investments,"' he said in a recent interview with The Canadia more
Related Tags: ptc, nokia, iphone, apple, wind, nortel, gartner, rim, research-in-motion, Canada
Nortel Networks Reports $2.14 Billion Loss for Q4
.. with a net loss of $844 million a year earlier as the firm struggles to restructure itself in bankruptcy protection. The losses includes a reduction of the deferred tax asset of US$951 million, a write-down of $1.2 billion, special charges of more
Related Tags: ptc, nortel, tax, Canada
Nortel's bankruptcy filing enables radical change, and not just at Nortel
..2009, Nortel Networks moved beyond talk of divestiture and speculation of bankruptcy, and filed for creditor protection in Canada and the US, with Nortel UK entering administration separately under a filing managed by Ernst & Young. The com more
Related Tags: ethernet, t-mobile, ptc, nokia, wimax, cisco, itu, lte, zte, alcatel-lucent, mts, ericsson, ovum, verizon, tellabs, t-mobile-germany, nortel, lg, ran, umts, ciena
Nortel Networks files for bankruptcy protection
Canada's Nortel Networks has filed for bankruptcy protection - the first major telecoms firm to fall victim to the ongoing economic downturn. The company said that it expects that its normal day to day operations will continue during the financial restructuring of the business. more
Related Tags: ptc, nortel, flextronics, court, termination, ontario
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