Long-struggling Nortel files for bankruptcy

(AP) -- Telecommunications equipment maker Nortel Networks Corp. filed for bankruptcy protection in Canada and the U.S. on Wednesday, becoming the first major technology company to take that step in this global downturn.

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<p><a href="http://www.physorg.com/news151153172.html">Long-struggling Nortel files for bankruptcy</a></p> <p>(AP) -- Telecommunications equipment maker Nortel Networks Corp. filed for bankruptcy protection in Canada and the U.S. on Wednesday, becoming the first major technology company to take that step in this global downturn.</p>