Computer Sciences Corp. won a $3-billion contract Wednesday to provide technology support services to Nortel Networks for seven years, ... Nortel shares rose 75 cents to close at $72.75, also on ...

LAS VEGAS--Nortel Networks is diving deeper into the Internet telephony pool. The company on Wednesday added to its family of phone products that help businesses switch from older, traditional ...

Telecommunications equipment maker Nortel Networks will not lay off as many employees as it previously predicted, the company said Thursday. During its twice monthly financial update to investors ...

WASHINGTON (MarketWatch) -- Nortel Networks Inc. will pay $575 million in cash and issue nearly 630 million shares to settle a pair of class-action suits arising from a financial scandal that ...

Avaya Inc. won an auction for a Nortel Networks Corp. unit that makes phone systems for businesses, offering about $900 million for the operation, plus an additional $15 million for an employee ...

Nortel Networks Corp. posted a $3.41 billion quarterly loss and said it plans to lay off 1,300 more workers, raising questions about its chief's turnaround strategy and fueling demands to break up ...

Once again, it's restructuring time at Nortel Networks . Phone companies are curtailing spending and foreign markets, increasingly hit by macroeconomic pressures, don't represent the same growth ...

Nortel Networks today outlined job cuts and pension plan changes that part of a larger restructuring plan the company had already announced. Topics Spotlight: New Thinking about Cloud Computing; ...

Data networking and telecommunication equipment makers are hot this year. And Canadian giant, Northern Telecom (NT), thanks to its most recent acquisition of Bay Networks ($2.4 billion fiscal 1997 ...

LAS VEGAS--Nortel Networks is diving deeper into the Internet telephony pool. The company on Wednesday added to its family of phone products that help businesses switch from older, traditional ...

SAN FRANCISCO (MarketWatch) -- Among the companies whose shares are expected to see active trade in Monday's session are Nortel Networks Inc., Knight Ridder Inc. and Sonus Networks Inc. Sonus ...