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Markets close mixed ... Response to $6B bank losses expected soon ... CEO: Chrysler on a roll, can't stop now ... Former Nortel executives acquitted ... News from United Press International.

Former Nortel executives acquitted

OTTAWA, Jan. 14 (UPI) -- A judge in Canada found three former Nortel Networks executives innocent Monday in a case of alleged accounting fraud.

Mounties charge 3 former Nortel execs

TORONTO, June 19 (UPI) -- Three former top executives of Canada's Nortel Networks Corp., were charged near Toronto Thursday by the Royal Canadian Mounted Police with fraud.

Nortel to pay $1M to Canadian regulators

TORONTO, May 22 (UPI) -- Nortel Networks Corp. agreed to pay $1 million to settle the Ontario Securities Commission's probe of its accounting-fraud charges, the regulator said Tuesday.

Ex-Nortel CEO charged by SEC with fraud

NEW YORK, March 12 (UPI) -- U.S. securities regulators Monday charged Nortel Networks' former Chief Executive Frank Dunn with cheating investors out of billions of dollars.

Nortel settling class-action suits

TORONTO, Feb. 8 (UPI) -- Toronto-based Nortel Networks Corp. said Wednesday it will incur a charge to earnings of $2.47 billion to settle two class-action lawsuits.

Nortel sues to recover bonus money

TORONTO, Feb. 3 (UPI) -- Nortel Networks, seeking to get back about $13 million of bonuses from three former executives, has sued them saying they breached their fiduciary duty.

Nortel employees get another shock

BRAMPTON, Ontario, April 29 (UPI) -- Employee morale took another blow as Canadian telecommunications equipment firm Nortel Networks Corp. fired top executives, the Globe and Mail reports.
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