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Nortel former CEO not guilty of fraud
Three former executives of bankrupt Nortel Networks were acquitted this week of falsifying financial reports in an accounting scandal that precipitated the company's eventual bankruptcy and demise.
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Yahoo claims Facebook bought several patents to countersue it
Facebook purchased in the last five months eight of ten patents it has cited in a counterclaim to a patent infringement lawsuit filed by Yahoo, and several were purchased after Yahoo filed the suit, the Internet portal claimed in a filing on Friday before a federal court.
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US joins Europe in approving Google Motorola deal
The US Department of Justice has approved Google's acquisition of mobile phone and tablet maker Motorola Mobility for about $12.5 billion (£7.9 billion), following the European Commission's approval earlier in the day.
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Kodak files for Chapter 11 bankruptcy
Eastman Kodak has filed for Chapter 11 of the US Bankruptcy Code to reorganise its business.
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Nortel execs to stand trial over alleged fraud
On the eve of the Canadian criminal trial of three former Nortel Networks executives, the prosecutor has dropped five of seven charges, but left the most serious allegation: That the trio fraudulently misstated the financial results of the network equipment maker.
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Google acquires massive patent portfolio from IBM
Google has acquired over 1,000 patents from IBM, as part of its strategy to strengthen its patent portfolio to counter litigation, according to records of the United States Patent and Trademark Office.
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Nortel sells off patent assets to Microsoft and Apple consortium
Nortel Networks has auctioned off its remaining patents and patent applications to a consortium of key technology companies for a cash purchase price of $4.5 billion (£2.8 billion).
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Verizon bringing 100Gbps fibre to Europe
Verizon Business has deployed 100Gb per second equipment on a fibre link between Paris and Frankfurt, activating the next generation of optical networking for commercial services to enterprises.
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Ciena buys Nortel metro Ethernet, optical units
Nortel Networks has agreed to sell its metropolitan Ethernet and optical networking units to Ciena for $769 million (£465.5m), $248 million more than its initial offer announced 7 October.
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Nortel to sell off remaining mobile business
Nortel Networks is preparing to auction off its division that makes equipment for GSM (Global System for Mobile Communications) networks early next month, continuing the unloading of its businesses under bankruptcy reorganisation.
