Global Investing News

Nortel Cutting 3,200 Jobs; Agrium Makes Hostile Bid for CF Industries; Ambac Posts $2.34 Billion 4Q Loss; Obama Picks Locke; Oil Rallies; SanFran Chronicle Could Close Nortel Networks Corp. ( NRTLQ ) said it plans to slash 3,200 jobs as part of the company’s efforts to climb out of bankruptcy protection. “With the unprecedented economic…