11:21 AM EST - Nortel Networks : is cutting 2,100 more jobs and transferring 1,000 after posting a fourth-quarter loss of US$844 million. North America's biggest maker of telecoms equipment, said it lost $844 million, or $1.70 a share, during the quarter, compared with a loss of $80 million, or 19 cents a share, for the same period of 2006. Revenue fell to $3.2 billion from $3.32 billion a year earlier. That was in line with analysts' expectations, according to Reuters Estimates. Nortel Networks
shares T.NT are trading off $1.52 at $9.69.
