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Solyndra Bankruptcy Saga Becomes Thorny
A number of new developments cropping up in the last week or so over the Solyndra solar power company bankruptcy look be making what was originally a slightly complex situation now look much more like a quagmire.
Updated: 09/08/2011 03:24P
Saab, Denied Court Protection, Faces Bankruptcy
On Thursday, a Swedish district court rejected Saab's bid for protection from its creditors, leaving the automaker with few options other than filing for bankruptcy. The company reportedly owes its suppliers 150 million euros ($210 million).
Updated: 09/08/2011 03:14P
Feds execute search warrants at Calif. solar firm that got $535M US loan guarantee
(AP) — FBI agents executed search warrants on Thursday at the headquarters of California solar panel manufacturer Solyndra, which received more than $500 million in federal loan guarantees before filing for bankruptcy last week.
Updated: 09/08/2011 03:05P
FBI in 'surprise' raid on Solyndra headquarters
The company last year got a $535 million DOE loan guarantee but filed for bankruptcy this week after terminating 1100 workers and shutting its factory down. A spokesman for beleguered solar company Solyndra LLC called the FBI search of company offices
Updated: 09/08/2011 03:02P
Saab Automobile denied protection from its creditors under bankruptcy law
A Swedish court has rejected Saab Automobile's filing for protection under bankruptcy law, leaving the door open for its creditors as well as the possibility of bankruptcy filings from labor unions. A Swedish court has rejected Saab
Updated: 09/08/2011 03:02P
New Jersey hospital submits settlement plan to bankruptcy court
According to the Statehouse Bureau, the Hoboken University Medical Center's proposed plan would have its creditors see roughly $5 million of the estimated $34.6 million owed. The hospital first must meet approval from US Bankruptcy Judge Donald
Updated: 09/08/2011 03:02P
Rhode Island councilman files for Chapter 13 bankruptcy protection
A Providence, Rhode Island, councilman has filed for protection under Chapter 13 bankruptcy law in an effort to restructure his and his wife's debts and their mortgage. A Providence, Rhode Island, councilman has filed for protection
Updated: 09/08/2011 03:02P
Energy Biz Cheat Sheet: Libya Prepares to Recommence Oil Production, Federal
Federal agents have raided solar energy firm Solyndra, which filed for Chapter 11 bankruptcy last week. The company received a $535 federal loan guarantee. White House logs show that Solyndra officials made numerous trips to the West Wing in the days
Updated: 09/08/2011 02:59P
FBI searches HQ of failed California solar firm
FBI agents executed search warrants today at the headquarters of California solar panel manufacturer Solyndra, which received more than $500 million in federal loan guarantees before filing for bankruptcy last week. This is only a preview.
Updated: 09/08/2011 02:55P
Hands grasping at strawsand EMI
The bank, which had loaned funds to Hands to buy EMI in 2007, then repossessed the iconic British music label. Even though EMI hadnt violated the terms of its loan, Citi argued that much of the value already had been erased. It was widely believed that
Updated: 09/08/2011 02:53P
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