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FBI raids bankrupt green energy firm with ties to Obama administration
The solar-cell maker abruptly filed for bankruptcy last week, surprising both employees and the Obama administration, which had secured $535 million in low interest loans for the company. Republicans in Congress quickly mocked the bankruptcy as
Updated: 09/08/2011 12:32P
Saab is toast: Swedish court rejects reorganization plea
But the agonizing automaker is for whom the bell tolls today, after a Swedish court rejected its plea and pushed it toward bankruptcy. "Overall, the court finds that it is unclear how the company would be able to solve its liquidity crisis and continue
Updated: 09/08/2011 12:30P
NACM Announces Support of Chapter 11 Bankruptcy Venue Reform Act
NACM's membership is specifically comprised of unsecured trade creditors, many of whom are smaller businesses with limited budgets for travel. It is these smaller firms that stand to benefit greatly from the provisions contained within the Chapter 11
Updated: 09/08/2011 12:27P
Saab Auto Creditor Protection Bid Rejected by Swedish Court
The Vaenersborg District Court ruled against the request for reorganization that Trollhaettan, Sweden-based Saab filed yesterday in a bid to win time to raise money to restart operations and avoid a bankruptcy petition by unions.
Updated: 09/08/2011 12:24P
Feds execute search warrants at Solyndra solar firm
(AP file photo) FBI agents executed search warrants on Thursday at the headquarters of California solar firm Solyndra, which received a $535 million loan from the federal government before filing for bankruptcy last week.
Updated: 09/08/2011 12:23P
Centre for mentally ill to close
A MASSIVE hole in the region's mental health support network was left open yesterday as bankruptcy forced the closure of a well-loved Hervey Bay respite centre. Debbie Pearson, owner of In the Meantime has run her respite centre for carers and their
Updated: 09/08/2011 12:16P
FBI Executes Search Warrant at Solyndra Headquarters
Solyndra filed for Chapter 11 bankruptcy protection this week and is engaging in a last-ditch attempt to find a buyer before plunging into bankruptcy liquidation. The Energy Department has a $535 million loan guarantee at risk in the bankruptcy.
Updated: 09/08/2011 12:10P
Feds execute search warrants at Calif. solar firm
FBI agents executed search warrants on Thursday at the headquarters of California solar firm Solyndra, which received a $535 million loan from the federal government before filing for bankruptcy last week. Agents executed multiple search warrants at
Updated: 09/08/2011 12:07P
Federal agents search headquarters of failed solar firm Solyndra
It had received a half-billion dollar government loan following a fast-track approval process and involving an interest rate lower than other green projects benefitting from Energy Department help. The benefit, part of the administration's job-creating
Updated: 09/08/2011 12:03P
US agents search California solar firm
FREMONT, California (AP) — FBI agents are executing search warrants at the headquarters of California solar firm Solyndra that received a $535 million loan from the US government. FBI spokesman Peter Lee says agents executed multiple search warrants on
Updated: 09/08/2011 12:03P