Nortel cuts more jobs
7:23 a ET = 13:23 Uhr MESZ
Nortel Networks warned Friday it <font color="#FF0000">expected a second-quarter loss of 48 cents a share </font>excluding one-time items, <font color="#FF0000">much wider than the 6-cent-a-share loss Wall Street had been expecting</font>, and said it <font color="#FF0000">would cut another 10,000 jobs, on top of the 20,000 cuts already announced</font>. The maker of communications gear cited sluggish sales and said it also will take a charge of $830 million after taxes in the second quarter.

Quelle: http://www.cnnfn.com

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