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Why We Can't Let the Solyndra Failure Kill Support for Solar Energy
The solar firm Solyndra filed for bankruptcy two weeks ago -- two years after it received a $535 million loan from the US government. Immediately, the firm's Chapter 11 filing became the major story in the clean energy community, and it continues to
Updated: 09/15/2011 11:02A
Automaker Saab Near Bankrupt
Automaker Saab found itself in a crisis when a Swedish court did not approve its bankruptcy protection application Thursday. This spells trouble as Saab is likely to face bankruptcy action against it by trade union workers within the next few days.
Updated: 09/15/2011 10:56A
Guardian Lima launches new ethanol plant
Guardian Lima acquired a majority stake in the plant in 2010 after its former owner Greater Ohio Ethanol filed for bankruptcy. The ethanol facility has the capacity to produce 54 million gallons a year of ethanol, in addition to 165000 tonnes of DDGs.
Updated: 09/15/2011 10:54A
Denver's 'troubleshooter' is bankrupt
Tom Martino, who built a small media empire and a personal fortune dispensing consumer advice and bestowing endorsements on businesses, has filed for personal bankruptcy protection, listing his liabilities at $78.6 million. His assets are $1.37 million
Updated: 09/15/2011 10:54A
Lehman Three Years Later: What We Haven't Learned
As we prepare to celebrate the third anniversary of the Lehman bankruptcy and the ensuing financial crisis, it's a good time to assess the situation and ask what has changed. The answer is not encouraging. Very little has changed about either the
Updated: 09/15/2011 10:52A
Hedge funds must continue to defend against suit by Madoff trustee
He is seeking to recover about $34 million in alleged actual and constructive fraudulent transfers under the Bankruptcy Code and New York's Debtor and Creditor Law. The funds moved for dismissal of the complaint for failure to state viable claims.
Updated: 09/15/2011 10:51A
Barclays Beats Lehman in Bonus Spat
In a written decision late Wednesday, Judge James Peck of US Bankruptcy Court in Manhattan reiterated a point he made at a hearing last week; that Lehman didn't prove how its estate is damaged by the $500 million in bonus payments not being made.
Updated: 09/15/2011 10:49A
McCord sentenced to two years on federal charges
In July, McCord pleaded guilty to one count of federal tax evasion and one count of bankruptcy fraud. In a Gainesville courtroom on Wednesday, US District Judge William C. O'Kelley sentenced McCord to 24 months in prison on each count to be served
Updated: 09/15/2011 10:42A
Solyndra yet another indictment of government
The bankruptcy of a California-based solar energy firm that received over $500 million in taxpayer-backed loan guarantees continues to be a growing headache for the White House. ABC News has posted a report detailing copies of White House e-mails
Updated: 09/15/2011 10:37A
Federal green energy loan guarantees could go to 15 more companies
A House panel is investigating what went wrong with the company which had received a federal loan of nearly $528 million and recently filed for bankruptcy. The Obama administration is moving to finalize as many as 15 loan guarantees for renewable
Updated: 09/15/2011 10:18A
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