Update 2: Canada Launches Probe of Nortel Accounting
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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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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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TORONTO - Nortel Networks said Friday it has hired consulting firm Accenture to help it revamp its financial organization. Accenture will review elements of Nortel Networks global finance organization and
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Nortel Networks Corp. (NT.TO: Quote, Profile, Research) put a specific date, Jan. 10, on when it will start filing its much-delayed restatement of financial results on
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Nortel Networks Corp., the Canadian maker of telecom equipment, filed a lawsuit on Friday against Vonage Â claiming that it violated nine patents related to Internet phone services and related features such as 911 and 411 calling and click to call.
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Nortel Networks, the troubled Canadian telecommunications equipment maker, has fired seven more financial managers as it continued to sort out the accounting scandal that led to the dismissal of its president this year.
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Analysts will wade through the flood of  revisions to financial data that Nortel Networks Corp. NT.TO  is expected to unleash next week looking not so much for  insights into its past, but for clues to its future.
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Nortel Networks Corp. said the Toronto Stock Exchange and the New York Stock Exchange won&#39;t commence suspension or delisting actions because of the company&#39;s delay in filing certain financial reports.
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Nortel Networks Corp. (NT.TO: Quote, Profile, Research) expects to report lower 2004 third-quarter revenues compared to the second quarter, North America&#39;s largest maker of telecom equipment
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Canadian telecommunications equipment maker Nortel Networks Corp. signed an agreement Thursday with China Putian Corp. to set up a joint venture to research, manufacture and market advanced mobile phone equipment and products.
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Nortel Networks Corp. NT.TO NT.N  took steps to close the books on its protracted accounting  scandal on Tuesday, releasing its long-awaited audited 2003  results and announcing that 12 senior executives would repay  $8.6 million in bonuses.
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Nortel (NT:NYSE - news - research) suffered another setback on its march to accountability Thursday, warning that it will need an additional month to complete its audit and file restated financials.
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Nortel Networks Corp., which plans to shed some light tomorrow morning on its financial performance for the first half of the year, hinted yesterday that those long-awaited results could be short on details.
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The Canadian military begins an investigation into claims of detainee abuse by its soldiers in Afghanistan.
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Analysts will wade through the flood of revisions to financial data that Nortel Networks Corp.  is expected to unleash next week looking not so much for insights into its past, but for clues to its future.
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Several former Nortel Networks executives are accused of accusing twisting accounting practices to make it seem that the company was meeting Wall Street expectations.
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The US Department of Justice launched an investigation of accounting services the American International Group Inc. provided to PNC that may have violated securities laws, the company said.