Canada's Nortel Networks (NT: news, msgs) climbed 2 9/16 to 83 13/16, according to Madoff Investment Securities, following A Wall Street Journal report that it's in talks to engineer a $100 billion union with Corning. The deal would call for Nortel to sell its optical-parts unit to Corning in a stock swap resulting in Nortel owning 50 percent of Corning. Read the full story. Corning's shares were flat at 283 1/4, Madoff said.
