TORONTO (Reuters) - The Toronto Stock Exchange said on Wednesday it is reviewing the shares of Nortel Networks Corp for possible delisting after the telecom equipment maker filed for bankruptcy protection.
The exchange said the company is being reviewed on "an expedited basis." Nortel shares last changed hands on the TSX at 38.5 Canadian cents.
($1=$1.23 Canadian)
(Reporting by Wojtek Dabrowski; editing by Peter Galloway)
WASHINGTON (Reuters) - The number of U.S. workers filing new applications for jobless benefits unexpectedly fell last week to the lowest level in about 17 months, suggesting the economy might be on the cusp of job creation.
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