Nortel files for bankruptcy.http://apnews.myway.com/article/20090114/D95MVNI00.htmlJan 14, 9:46 AM (ET)By ROB GILLIESTORONTO (AP) - Technology giant Nortel Networks Corp. (NT) (NT) filed forbankruptcy protection in Canada and the U.S. on Wednesday, the first majortechnology company to file for protection during the global downturn.North America's biggest maker of telecommunications equipment has been dealingwith a sharp drop in orders from phone company clients. It filed for courtprotection in Delaware on Wednesday, a day before the firm is due to repay a$107 million interest debt on bonds.Creditor protection would give the company more opportunities to explorerestructuring options or sell off some of its assets. ...
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