Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Hot on Facebook

Victim of Naked Face-Eater Fights for Life Miami police are quiet on details in the aftermath of gruesome attack »

Nortel Files for Bankruptcy

Telecom company's stock down 30%

By the Associated Press

Posted Jan 14, 2009 8:46 AM CST

(AP) – Nortel Networks Corp filed for bankruptcy protection today in federal court in Delaware, the first major tech company to seek protection since the global downturn started. Nortel, North America's biggest maker of telecommunications equipment, filed a day before the company was due to repay a... Read full story »

COMMENTS

Read the comment policy

You need to Log in to Newser to comment. Don't have an account yet? Sign up now!

There are no comments

A snapshot of the day's best news stories.

View Larger Grid

All Today Yesterday Pick a Date

What's Popular Now on Facebook

Cops Shoot Naked Guy Eating Man's Face on Highway

Star Trek-Style Needleless Injections Now a Reality

Associated Press (Source Grid »)

Money • Technology

Canada • bankruptcy • telecommunications companies • Nortel

More Newser Stories

GM to Sell Opel to Canada's Magna

Detroit firm also recommends Vauxhall go to Magna

(NEWSER) - After painfully drawn-out negotiations, General Motors’ board has agreed to sell its Opel unit to Canadian firm Magna International, maintaining a tie that will keep Opel a "a fully integrated part of GM's global product development organization," the company said. The German government, which earlier this year loaned Opel $2.1 billion, was pushing for the deal. More»

Kids Missing Nearly 4 Years Found in Mexico

Father Kevin Maryk detained after raid in Guadalajara

(NEWSER) - Two Canadian kids missing for nearly 4 years were found living with their father in Mexico last week, the Winnipeg Free Press reports. On a tip, Interpol agents raided a house in Guadalajara and found Abby and Dominic Maryk, 8 and 10 respectively, living with father Kevin Maryk. The agents also found weapons, child pornography, and drugs in Maryk's home during the raid. Maryk and two other men have been detained. More»

2nd Person Goes Over Niagara Falls

Authorities searching for the latest, the second in two days

(NEWSER) - Yesterday, a man survived a drop over the Canadian Horseshoe section of Niagara Falls; today, another person has apparently plunged over the falls on the US side, reports the Buffalo News . The rocks on the American side make survival unlikely, "but we've got to keep looking," says a New York State Parks official. "We're trying to keep our eyes on the water now." More»

Canada OKs World's 1st Stem Cell Therapy

Prochymal may ease complication from bone marrow transplants

(NEWSER) - Canada has approved the world's first stem cell treatment for a systemic disease, Reuters reports. This week, the nation's health regulators allowed doctors to use the drug Prochymal for children with graft-versus host disease (GvHD), a sometimes deadly side-effect from bone marrow transplants. GvHd kills up to 80% of afflicted children and has no approved treatment thus far. More»

Up to 1M Americans Too Poor to Go Bankrupt

They can't afford $1,500 fees

(NEWSER) - Between 200,000 and 1 million Americans this year are so down-and-out they don't even have enough money to file for bankruptcy, a new study finds. The average cost of filing for Chapter 7 bankruptcy protection is about $1,500—$300 just for the paperwork fees in court and the rest to pay for a lawyer, reports Yahoo! Finance . Bankruptcy is considered a "last financial lifeline" and without it, destitute Americans are seeing their debt snowball. More»

NEWS FROM OUR PARTNERS

What is Newser?

Face it: there's too much news. At Newser, we choose the most thought-provoking and entertaining stories from hundreds of US and international sources and reduce them to a headline, picture, and two paragraphs. And we do it 24/7—you can come back morning, noon, night (and in between) for something new that matters. Read less, know more.

Learn more »

Partnering with: Slate

View Newser on the mobile website

Nortel Files for Bankruptcy

Telecom company's stock down 30%

Canada • bankruptcy • telecommunications companies • Nortel

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

GM to Sell Opel to Canada's Magna

Detroit firm also recommends Vauxhall go to Magna

Kids Missing Nearly 4 Years Found in Mexico

Father Kevin Maryk detained after raid in Guadalajara

2nd Person Goes Over Niagara Falls

Authorities searching for the latest, the second in two days

Canada OKs World's 1st Stem Cell Therapy

Prochymal may ease complication from bone marrow transplants

Up to 1M Americans Too Poor to Go Bankrupt

They can't afford $1,500 fees

About Us

Site

Community

Site Maps

Tools

More News

What is Newser?