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Solyndra Saga: The Kaiser Connection
In my post Wednesday on Solyndra's bankruptcy I alluded to the fact that some people are questioning why the government took such a strong interest in backing this particular company with an expensive, risky technology. I wrote then that I'd leave it
Updated: 09/09/2011 11:30A
Vietnam's major state firms face big losses: paper
State shipbuilder Vinashin, rescued from bankruptcy last year, is expected to have losses of more than 3 trillion dong, the newspaper said in an online report, citing estimates by the chapter of the ruling Communist Party that oversees
Updated: 09/09/2011 11:25A
Lee CEO: Refinancing deal removes cloud that has obscured our strengths
Lee says in a letter posted below that it has an agreement to refinance $864.5 million of its debt, under which it would pay steep interest rates to extend the repayment dates to 2015 and 2017. I am delighted to report excellent news.
Updated: 09/09/2011 11:17A
Bankruptcy agreement reached for Sawgrass Marriott
A plan for the Sawgrass Marriott Golf Resort & Spa's emergence from bankruptcy should be filed in court next week, said the attorney representing the partnership that owns the hotel. “Yes, we have reached an agreement,” said Stephen Busey,
Updated: 09/09/2011 11:11A
Saab to Appeal Court Ruling on Monday
12 on a Swedish court's ruling denying its request to reorganize under bankruptcy protection. Swedish courts denied the request yesterday, stating it is unclear how Saab Automobile and its subsidiaries, Saab Automobile Powertrain and Saab Automobile
Updated: 09/09/2011 11:11A
The Climate Post: Solar Industry "Darwinism" Weeding Out Weaker Companies
Overall, the Loan Guarantee Program has performed well, and Solyndra's failure is not a reason to abandon it, Forbes argued. Solyndra is only one of many solar energy companies around the world struggling recently, due in large part to rising costs of
Updated: 09/09/2011 11:07A
GOP Widens Solyndra Probe, May Subpoena White House
Controversy surrounding solar panel manufacturer Solyndra's recent bankruptcy filing just won't go away, and could imperil the White House. The company's federal stimulus loans are at the center of a widening investigation into clean-energy technology
Updated: 09/09/2011 11:07A
NewPage hails court approval of early bankruptcy filings
Remaining motions “dealing with certain professionals” will be scheduled for a later date, the company said in a statement that did not identify those professionals or detail what the motions are. “These approvals give the company the authority to
Updated: 09/09/2011 11:02A
Two defaults this week raise the 2011 global corporate default tally to 28
Standard & Poor's Ratings Services revised its ratings on two corporate issuers to 'D' this week, raising the 2011 global corporate default tally to 28, said an article published today by Standard & Poor's Global Fixed Income Research, titled "Global
Updated: 09/09/2011 11:01A
SOLYNDRA SCANDAL DEEPENS: Obama Administration Officials Sat In On Bankrupt
Solyndra, the much-vaunted solar energy company that declared bankruptcy last week leaving taxpayers on the hook for over $500 million in federal loans, had an unusual relationship with the Obama administration — allowing officials to sit in on board
Updated: 09/09/2011 11:00A