UPDATE 4-Nortel restatements now delayed to November
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Nortel Networks Corp. (NT.TO: Quote, Profile, Research) , one of the world&#39;s biggest telecom equipment makers, again delayed the release of its long-awaited restated
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Nortel Networks said the further delay in its release of financial information will &quot;permit the resolution of focused revenue reporting issues and remaining accounting matters identified by Nortel management.
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The Nortel Networks Corporation, which is restating results back through 2001, said yesterday that it would not have financial statements for last year and the first half of 2004 ready until the end of October, a month later than planned.
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Nortel Networks is under investigation by the Royal Canadian Mounted Police for irregularities in past accounting practices. Announcement of the investigation -- two days before its release of first- and second-quarter financials -- caused ...
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Late tax law changes may delay refunds for very early filers.
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Nortel Networks Corp. (NT) warned on Thursday it will again delay filing restated financial results, shaking investor confidence in the leading telecom equipment maker and sending its stock lower.
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Nortel Networks Corp. on Wednesday said it will not be required to change its accounting treatment of optical products sales, and it received verbal confirmation that two stock exchanges do not plan to begin any suspension or delisting procedures.
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Boeing Co  on Wednesday pushed  back the first test flight of its new 787 Dreamliner to a range  of mid-November to mid-December, about three months later than  originally planned, as it struggles with uncompleted work by  suppliers, delays in programming the flight control software  and a shortage of bolts.
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Nortel Networks Corp. said it will miss a self-imposed October deadline for filing restated results, the second time the telephone equipment maker has delayed the release of its financial statements.
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TORONTO (CP) - The accounting calamity at Nortel Networks Corp. deepened Thursday as Canada&#39;s largest technology company again delayed its financial statements and restatements.
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American Airlines has delayed the deliveries of 54 Boeing Co. planes to save $2.7 billion over the next six years. The agreement with Boeing lets AMR, which has lost $6.9 billion since the end of 2000, delay
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A software problem delayed the process, which was supposed to start before midnight Eastern time on Wednesday.
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Canadian telecom equipment maker Nortel Networks Corp. said Wednesday that it won&#39;t be able to file financial restatements to correct accounting irregularities by the end of October, as originally expected.
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The FASB delays stock option expensing by six months. That's just more time for Big Tech to lobby.
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Nortel Networks, one of the one of the worldâs biggest telecoms equipment makers, has again delayed filing its restated financial results, mainly because of revenue reporting issues, the company said Thursday.
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Electronic Data Systems Corp. EDS.N,  the world's second-largest technology services provider, on  Monday said it has postponed its earnings announcement until  Nov. 3 to evaluate a possible assets impairment of its  problematic Navy contract.
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Company delays divestiture of manufacturing assets, as it focuses on its financial restatement.