Nortel, one of the world’s largest producers of telephone equipment, is no longer a sponsor of the London 2012 Games, Olympic organisers have announced.

The North's Enterprise Minister Arlene Foster will visit Canada next week to promote trade and tourism links and meet investors.

Invest NI has demanded telecoms firm Nortel repays a £7.4m (€8.4m) public grant after it went into administration.

Workers in the North sacked without notice or redundancy by troubled US telecommunications giant Nortel are starting a campaign for compensation, they announced tonight.

Workers protesting 1,000 job losses in the North are to hold a mass rally today.

The recession is hitting businesses in the North harder than anywhere else in the UK, new figures indicated today.

The North took another jobs hit tonight when an engineering company linked to the oil and gas drilling industry announced nearly 100 job cuts.

Stormont Employment Minister Reg Empey says the North has lost 2% of its entire manufacturing base over the past four days.

Wall Street finished higher in an uneasy session today as retail and homebuilders stocks rose on expectations for more interest rate cuts, but banks and insurers fell on worries about further mortgage debt troubles.

GALWAY-BASED manufacturing firm Celestica is to create 120 jobs following a huge expansion, which will allow it to produce a new product used with iPods and mobile phones.

Enterprise Minister Micheál Martin has announced that Nortel Networks Corporation is to create 60 jobs in Nortel Ireland’s research and development facility in Galway.

I AM bemused at the stance of some media sources, Transport Minister Noel Dempsey and the Department of Transport on Aer Lingus’s cessation of flights from Shannon to Heathrow from January next.

A UNITED Shannon lobby is threatening a legal challenge to Aer Lingus’s removal of local flights to Heathrow.

LEADING employers in the mid-west yesterday warned how the loss of the Heathrow service to Shannon will threaten job prospects throughout the region.

Nortel today opened its new global customer and technology centre at its Mervue campus in Galway.

A customer partnering centre in Nortel’s R&D’s headquarters in Galway is planned for next year.

Vodafone today announced the appointment of Steve Pusey as chief technology officer with effect from September 1, 2006.

NCB Stockbrokers is to provide enhanced communications capabilities throughout its Dublin headquarters using secure networking solutions from Nortel, it was announced today.

TECHNOLOGIES pioneered at Nortel’s Galway research and development centre are to be used by a leading internet company in Israel.

Communications company Nortel and the Chinese State-owned telecommunications equipment firm China Putian Corporation, have today signed a framework agreement to establish a joint venture for the research, development, manufacture and sale of third generation (3G) mobile telecommunications equipment and products to customers in China.

Nortel and O2’s parent company mmO2 has successfully completed a series of live wireless calls using a newly emerging broadband technology that can deliver dramatically faster and more sophisticated wireless services.

Cork Garda 1-14 Nortel, Galway 1-10

Communications equipment giant Nortel said technology developed at its Galway research and development operation would be used in a new €3.8 million contract to supply leading British telecom services provider BT.

Wall Street closed out a dismal third quarter with a mixed performance Thursday after Merck & Co. said it would be forced to remove its best-selling Vioxx arthritis drug from the market.

Retreating from an upbeat forecast it made just last month, Nortel Networks on Thursday warned that third-quarter sales will fall below its second quarter and 2004 revenue growth will lag behind the sector.

Telecom giant Nortel Networks, which has operations in England and Northern Ireland, is to slash its work force by 10% as it struggles to recover from an accounting scandal that led to a criminal investigation.

NORTEL Networks Corp, North America’s largest maker of telephone equipment, fired chief executive Frank Dunn because of accounting mistakes and said it may have to reduce last year’s earnings 50%.

Unions representing workers at the Nortel plant in Belfast are due to meet management today to discuss the company’s decision to sell the facility to another firm.

PLANS to make Shannon Airport the air cargo capital of Europe and generate 15,000 local jobs will be revealed by Shannon Development in the new year.

France Telecom unit Orange declined to comment on a report in Le Figaro today that claims it awarded Nortel Networks Corp a contract for the supply of UMTS equipment worth between €800m and €1bn.

Shares in technology companies were flat to slightly lower midday in lacklustre rangebound trade as the heavyweight chip sector came under pressure following Applied Materials job cuts announcement despite a buoyant networking sector ahead of Cisco's results tomorrow, dealers said.

Canadian telecommunications equipment maker, Nortel Networks is to supply Cork-based National Software Centre (NSC) with its IP Telephony Solution.

Nortel is to sell its optical components business to UK company Bookham Technology and in a deal valued at just over $100m (€101m).

Northern Ireland suffered another serious jobs blow today when Canadian telecommunications company Nortel announced it was getting rid of another 200 workers at its Co Antrim plant.

Blue chip stocks extended their rally to a second session in New York today, but tech stocks slipped when investors sold shares to lock in profits.

The technology sector in Northern Ireland suffered another blow today with the loss of 30 jobs at a computer consultancy firm in south Belfast

Nortel has announced that around 40 staff from its Irish workforce are to lose their jobs, as part of the company's moves to shed 3,500 additional jobs worldwide.

WorldCom is to shed around 20% of its staff worldwide and, according to reports, will cut about 10% of its staff in Ireland.

Telecommunications giant Nortel is to shed 200 jobs at its factory in Co Antrim, it was announced today.

Nortel has said that it is to cut another 3,500 jobs and is considering selling its optical components business.

Over 100 of the biggest companies in the West are launching a campaign to get commitments from local TD’s and future Ministers on infrastructure.

The Dow Jones was higher midsession while the Nasdaq was down along with confidence in technology stocks ahead of most earnings reports, dealers said.