Sponsored by Nortel Networks

Bankrupt Eastman Kodak Co. (Pink: EKDKQ) may try to generate cash by trying to sell its portfolio of 1,100 imaging patents again, the Wall Street Journal reported.

Furthermore, the department likely will approve a consortium led by Apple and Microsoft to purchase Nortel Networks patents for $4.5 billion.

Legal filings show that Google initially offered to pay as little as $8.4 billion for Motorola Mobility before finally settling for $12.5 billion demanded by financial advisers.

The US Federal Trade Commission confirmed on Thursday that it has accepted Apple’s plea to participate in the bidding for the assets of bankrupt Nortel Networks corp.

Google has put in a $900 million bid for Nortel Networks' patent portfolio, which could make it a real player in mobile technology and forestall lawsuits over its smartphone line.

Canada has decided against launching a review of the $1.13 billion sale of the wireless assets of bankrupt Nortel Networks to Sweden's Ericsson, Industry Minister Tony Clement said on Wednesday.

Nortel Networks said on Monday its chief executive will step down immediately and its board will shrink from nine directors to three as the bankrupt telecom equipment maker sheds major assets. Nortel, once North America's biggest maker of telephone gear, also posted a bigger quarterly loss due to big reorganization costs and plunging sales, which it blamed on the weak economy.

Insolvent telecom equipment maker Nortel Networks posted a bigger quarterly loss on Monday as reorganization costs and plunging sales dented the company's results.

BlackBerry maker Research In Motion has held talks with Nortel Networks on buying next-generation wireless patents that were not part of Nortel's $1.13 billion wireless asset sale on the weekend, a source familiar with the situation said on Monday.