10:36 AM EST - Nortel Networks Corp. : is cutting 1,300 more jobs and freezing salaries after a multibillion-dollar quarterly loss amid ''worsening economic conditions.'' The Toronto-headquartered telecommunications equipment maker, reporting in U.S. dollars, said Monday it had a third-quarter net loss of $3.41 billion. Sales declined 14 percent to $2.32 billion. Nortel Networks Corp.
shares T.NT are trading down 18 cents at $1.31.
