IN STOCK: Nortel

Published: November 11, 2008

Nortel

Canadian telecommunications equipment maker Nortel Networks Corp. posted a third-quarter loss Monday, reversing a year-ago profit as the economic turmoil and a large goodwill impairment charge weighed on results. The struggling company also announced a new round of job cuts, saying it plans to eliminate about 1,300 positions starting this year and ending next.

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FINANCE

More people are filing bankruptcy in a weakening economy, but some might be able to avoid it if they would seek help when they first get into financial difficulty, local experts say.


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Related Topics: Business, Company Activities and Information, Economic Indicators, Earnings and Losses, Corporate Reporting, Earnings and Loss Announcements, Jobs and Labor, Labor Market, Layoffs and Downsizing, National Economy, Job Losses


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