Nortel Says Canada Plans Accounting Probe
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Nortel Networks Corp. said on Monday the Royal Canadian Mounted Police told the company it will begin a criminal investigation into Nortel's financial accounting.
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Nortel Networks Corp. indicated that it won't be waking from its financial nightmare anytime soon when it delayed on Thursday the release of its financial statements for the third time because it found additional problems with its revenue reporting for past results.
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Nortel Networks Corp. NT.TO NT.N  took steps to close the books on a protracted accounting  scandal on Tuesday, releasing long-awaited restatements of  results from 2001 through 2003 and announcing that executives  would pay back millions of dollars in bonuses.
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OTTAWA  - Nortel Networks Corp.  posted long-awaited preliminary results for the first half of2004 on Thursday, estimating first and second quarter earningsbetween nil and 1 cent per share.
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Nortel Networks Corp. said Wednesday it intends to file its long-delayed financial statements for the first two quarters of 2004 on Jan. 10 of next year.
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TORONTO Nortel Networks, the Canadian telecommunications equipment maker, said Thursday that it was delaying yet again the release of much-anticipated financial reports but that it expected to have them ready early in the new year.
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Nortel Networks Corp.  NT.N  NT.TO said on Monday the Royal Canadian Mounted Police told  the company it will begin a criminal investigation into  Nortel's financial accounting.
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Nortel struggles to recover from an accounting scandal that toppled three top executives and led to a criminal investigation and lawsuits.
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NEW YORK, October 27  - Nortel Networks Corporation (NT.NYS) has postponed the release of its long-awaited financial results restatement until mid-November this year.
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Nortel Networks Corp. NT.TO NT.N  finally released restated 2003 results on Tuesday and said  executives would pay back millions of bonus dollars as it  struggles to put an accounting scandal behind it.
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Nortel Network Corp.&#39;s board of directors was scheduled to meet last night to approve financial data that will be released this morning, giving the public its first look at the company&#39;s 2004 performance.
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TORONTO -- Nortel Networks said yesterday it will slash its workforce by 3,500, or 10 percent, as it struggles to recover from an accounting scandal that toppled three top executives and led to a criminal ...
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Canadian officials are opening a criminal investigation into accounting at Nortel Networks Corp. Shares in the telecom-equipment maker edged lower Tuesday.
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The Royal Canadian Mounted Police (RCMP) have launched a criminal investigation into the financial accounting practices of network gear maker Nortel Networks just days before the company is set to release some of its restated financial results.
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TORONTO - Nortel Networks said Wednesday it is again delaying the release of its much-anticipated financial restatements going back to 2001 and now expects to have them ready by mid-November.
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The chief financial officer of Nortel Networks, Peter Currie, who rejoined the company in 2005 to help it recover from accounting problems, will step down on April 30. Nortel, the maker of phone equipment, said it had begun seeking a successor. Mr. Currie decided to pursue other interests, a spokesman, Jay Barta, said. Mr. Currie was chief financial officer from 1994 to early 1997 before leaving to become chief financial officer at the Royal Bank of Canada.
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Nortel Networks Corp. NT.TO said on  Wednesday that after months of trying to untangle faulty  financial results, it plans to file 2003 and first-half 2004  results starting Jan. 10 of next year.