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Obama administration reworked loan to favor donor
Even with the federal help, Solyndra filed for Chapter 11 bankruptcy protection late last month and laid off its 1100 employees. The Fremont, Calif.-based company was the first renewable-energy company to receive a loan guarantee under a stimulus-law
Updated: 09/17/2011 12:37A
Rakoff Will Decide If Madoff Trustee Can Sue for False Profits
One of Madoff's customers, James Greiff, argued on July 29 Rakoff should take a lawsuit away from the bankruptcy court in which Irving Picard, the Madoff trustee, sued Greiff for taking more cash out of the Madoff firm that he put in.
Updated: 09/17/2011 12:36A
During 2.5 months European banks dismissed 70 thousand people
The last time such mass redundancy happened in Europe was after the bankruptcy of Lehman Brothers in autumn 2008. Referring to its own analysis, the Bloomberg agency has announced that since the middle of 2011, European banks have announced the
Updated: 09/17/2011 12:33A
Manistique Papers back in business
The mill has been closed since early August, when it closed, ceased production, and filed for Chapter 11 bankruptcy. The news comes as a relief to MPI director and general manager Jon Johnson, who, along with others, has been working with a bankruptcy
Updated: 09/17/2011 12:24A
Politics over profits: The Solyndra debacle
Case in point: the Obama administration's $535 million loan guarantee to solar panel maker Solyndra. It was part of Obama's “green jobs” initiative. Solyndra drew down $527 million in loans before filing for bankruptcy. Thanks to the President's
Updated: 09/17/2011 12:23A
Michelle Malkin - Big Green boondoggles
With the scandalous bankruptcy of Solyndra (a shady California solar power company that received $535-million in stimulus funds and is now under investigation by the FBI) hanging overhead, President Obama wisely whitewashed any mention of "green jobs"
Updated: 09/17/2011 12:14A
European Stability: By Bond, Bailout or Bankruptcy
Look at gold for evidence. If the world as we know it were going to end, gold would be about 500 points higher than it is right now. So, what's the strategy? It's the same old inflation trade. In an environment where currencies are being systematically
Updated: 09/17/2011 12:12A
Muskegon Family and Faith Calendar
Women Walking in the Word Ministry's Parking Lot Sale, 8 am and ice cream sale (inside the church), 11 am Sept. 17, Spring Street Baptist Church, 912 Spring, parking lot table rental, $15. More info: 231-726-2830. The 34th Annual Old Fashion Christian
Updated: 09/17/2011 12:09A
Ala. county votes to settle debt
Leaders of Alabama's largest county on Friday chose to settle with Wall Street over $3.1 billion in debt from a sewer system overhaul rather than go through with what would have been the largest municipal bankruptcy in US history.
Updated: 09/17/2011 12:08A
Alabama county votes to avoid bankruptcy
By The Associated Press Leaders of Alabama's largest county on Friday chose to settle with Wall Street over $3.1 billion in debt from a sewer system overhaul rather than go through with what would have been the largest municipal bankruptcy in US
Updated: 09/17/2011 12:03A
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