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Solar company probed; got millions in aid
The federal government agreed to guarantee up to $535 million in loans and ended up lending nearly $528 million, according to the company's bankruptcy filing. The loan attracted attention from Republican lawmakers early on as they questioned whether
Updated: 09/08/2011 07:57P
Bill would let crime victims to sue officials
Van Wanggaard, R-Racine, one of the bill's authors, told the state Assembly's criminal justice committee Thursday during a public hearing on the bill. “Unfortunately, that's not the case.” The Wisconsin Constitution already calls for the state to treat
Updated: 09/08/2011 07:56P
Saab is pushed to the brink of bankruptcy by Swedish court
The court decision could open the way for Saab itself, unions or creditors to seek bankruptcy for a company where a chronic shortage of cash has halted production and left suppliers and workers unpaid. Saab, which brought the application to win time
Updated: 09/08/2011 07:53P
US investigate solar firm that got $535M US loan
Fred Upton of Michigan and Cliff Stearns of Florida, in a joint statement Thursday's raid by federal agents came about a week after Solyndra's announcement that it was filing for bankruptcy and laying off 1100 workers. Solyndra, like other companies in
Updated: 09/08/2011 07:44P
FairPoint to Cut 400 Jobs
FairPoint, which emerged from Chapter 11 bankruptcy early this year, expects the workforce reduction to yield annual operating expense savings of roughly $34 million, with the full benefit realized next year. Moody's Investors Service, the credit
Updated: 09/08/2011 07:43P
FBI comes knocking after federally backed Solyndra fails
Federal agents searched Solyndra Inc.'s Fremont, Calif., headquarters Thursday, just days after the high-profile solar manufacturer filed for bankruptcy protection and a week before its top executives are expected to testify before Congress.
Updated: 09/08/2011 07:43P
Feds investigate loans to failing solar company
FBI agents executed search warrants 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. Agents raided the company's
Updated: 09/08/2011 07:33P
Senator asks Obama to curb Chinese solar panels
The plea came just days after solar-panel maker Solyndra filed for bankruptcy, becoming the third US solar firm to succumb to pressure from China in recent weeks. Solyndra said it had been unable to bring down its costs quickly enough to compete with
Updated: 09/08/2011 07:31P
The Solyndra Scandal
Speaking about the bankruptcy earlier this week, White House spokesman Jay Carney said: "There are no guarantees in the business world about success and failure. That is just the way business works, and everyone recognizes that.
Updated: 09/08/2011 07:26P
Canyons resort wants to deduct rent from $54M judgment
Since the April trial, however, Wolf Mountain has declared bankruptcy and its principal, Kenny Griswold, has sold his interest in the company. In a filing in Judge Bruce Lubeck's 3rd District Court, attorneys for The Canyons argue it shouldn't have to
Updated: 09/08/2011 07:25P
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