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Nanny, Nanny, Boo-Boo, The Red Team Did It Too: Solyndra Bankruptcy Update
As we all know, the government-subsidized solar cell manufacturer and Obama administration poster-child for "Green Jobs," Solyndra went bust last month, leaving taxpayers to pay $535 million in federal loan guarantees. Team Red cheerleaders quickly
Updated: 09/13/2011 12:06P
Illinois EPA beginning cleanup of environmental hazard site
It is a major step in cleaning up the plant, which closed almost 10 years ago and later filed for bankruptcy. The site, located off Illinois 3 in Hartford, had along history of pollution and environmental violations, leaving waste products such as zinc
Updated: 09/13/2011 12:06P
Leaked by Wikileaks, government's advocacy of GM and Chrysler, struggles with
When the second round of the bailout hit -- and with it bankruptcy and government ownership -- Germany expected the US government to sell or spin off the unprofitable automaker. But "Government Motors" as some jokingly referred to the bankrupt GM,
Updated: 09/13/2011 12:01P
Chinese Call Hummer "Gas-Guzzling Junk" in Leaked State Dept. Cables
When the second round of the bailout hit -- and with it bankruptcy and government ownership -- Germany expected the US government to sell or spin off the unprofitable automaker. But "Government Motors" as some jokingly referred to the bankrupt GM,
Updated: 09/13/2011 12:01P
Merkel seeks to calm market's fears
German Chancellor Angela Merkel yesterday sought to ease fears over a possible Greek bankruptcy, saying the 17-country eurozone had to stick together and that an “uncontrolled insolvency” must be avoided. “The top priority is to avoid an uncontrolled
Updated: 09/13/2011 12:00P
Saab bankruptcy hearing to be held in two weeks
STOCKHOLM (Reuters) - Cash-strapped car maker Saab's first bankruptcy hearing will be on September 26, a district court said on Tuesday. Saab, owned by Netherlands-listed Swan Automobile (SWAN.AS), has been called to the lower court in the southern
Updated: 09/13/2011 11:57A
Is Skyworks Backing Out of its Deal for Advanced Analogic?
The language seems to speak to a decline in business for Advanced Analogic that could sustain a material adverse change claim by Skyworks, also known as a MAC claim. Events culminated on Sept. 7, when Skyworks delivered a formal notice to Advanced
Updated: 09/13/2011 11:34A
US FDIC gives banks more time to make wills
The 2010 Dodd-Frank financial oversight law calls for these "living wills," which require large bank holding companies and other large financial firms to map out how they could be liquidated smoothly through a bankruptcy process.
Updated: 09/13/2011 10:45A
Reimbursement hearing today in Fair Finance bankruptcy
10:57 am The bankruptcy judge overseeing the Fair Finance Co. case today was hearing requests for reimbursement of about $1.7 million in legal and professional fees and expenses of about $1.8 million from the money recovered so far.
Updated: 09/13/2011 10:44A
'Green' jobs, the IT Analogy
As evidence for the first claim, some critics of green policies have cited the job growth figures from our recent “Sizing the Clean Economy” report while arguing that the bankruptcy of Solyndra, a solar photovoltaic manufacturer, illustrates both the
Updated: 09/13/2011 10:39A
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