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Officials hope to approve more loan guarantees
14, 2011, that will examine what went wrong with the company which had received a federal loan of nearly $528 million and recently filed for bankruptcy. Photo: Paul Sakuma / AP WASHINGTON (AP) ” The Obama administration is moving to finalize as many
Updated: 09/15/2011 03:22A
Lawmakers probe how solar firm got $528M loan guarantee
But the company has since filed for bankruptcy and shed 1100 workers, saying it couldn't compete Documents reviewed by The Associated Press show Solyndra spent nearly $2 million lobbying the federal government during the last four years, including on
Updated: 09/15/2011 03:21A
Bearish Sentiments Well Entrenched In Gold
In overnight trades, Gold succumbed to sell off at elevated levels as US equities rallied after German Chancellor Angela Merkel rejected speculation that Greece is near bankruptcy and is slated to participate in a conference call with Greek Prime
Updated: 09/15/2011 03:17A
Sommet Group victims lose hope that they'll ever be repaid
Photo by Kevin Arrowsmith Hopes are dimming that the majority of more than 100 clients of the Sommet Group will see a dime from the company's ongoing bankruptcy proceedings. The trustee overseeing the now-defunct company's estate said she's not even
Updated: 09/15/2011 03:17A
Republican lawmakers question whether loan agreements could come back to haunt
30, and Republicans are questioning whether that could lead to more failures like Solyndra Inc., a company that filed for bankruptcy and may leave taxpayers on the hook for a half-billion-dollar loan. FILE - In this Aug. 31, 2011, file photo,
Updated: 09/15/2011 03:17A
CBS 3 Springfield - WSHMOfficials hope to approve more loan guarantees
30, and Republicans are questioning whether that could lead to more failures like Solyndra Inc., a company that filed for bankruptcy and may leave taxpayers on the hook for a half-billion-dollar loan. The loan guarantees essentially make it easier for
Updated: 09/15/2011 03:17A
White House defends Solyndra loan at hearing
The Fremont firm's bankruptcy has embarrassed the administration and given a black eye to its push for "green jobs" and alternative energy. Solyndra's plant closed Aug. 31 and nearly all its 1179 workers were laid off. The FBI raided the plant last
Updated: 09/15/2011 03:15A
Chrysler, GM, UAW Agree To Contract Extensions
The contract talks are the first since GM and Chrysler needed government aid to make it through bankruptcy protection in 2009. GM nearly ran out of cash and needed $49.5 billion from the government to survive, but it's been making billions in the last
Updated: 09/15/2011 03:10A
Suite Spot
It is too easy to take the players for granted, but given the demoralizing pounding they have had to endure and the public nature of their opposition to the bankruptcy filing, it is inspiring that they have not lowered their standards a wit.
Updated: 09/15/2011 03:09A
United Auto Workers Extends Chrysler, GM Contracts After Deadline
The contract talks are the first since GM and Chrysler needed government aid to make it through bankruptcy protection in 2009. GM nearly ran out of cash and needed $49.5 billion from the government to survive, but it's been making billions in the last
Updated: 09/15/2011 03:08A