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U.S. Rejects Solarcity $275 Million Conditional Loan Guarantee
The Energy Department program has come under political fire since Solyndra, a Fremont, California-based solar company that received $535 million in guarantees, filed for bankruptcy Sept. 6. SolarCity said the scrutiny prompted the agency to request
Updated: 09/23/2011 03:16P
Ambac Reaches Agreement on Reorganization Plan
The Wisconsin commissioner of insurance issued a statement saying that in reaching the agreement it “recognizes the advantages of reducing uncertainty and avoiding unnecessary litigation, as achieved by this settlement.
Updated: 09/23/2011 03:08P
Solyndra collapse a 'wake up call' for solar industry
The executives were called before the committee following Solyndra's bankruptcy filing, despite receiving a $535 million government-guaranteed loan in September 2009. “It's not about technology. It's about business models,” he said.
Updated: 09/23/2011 03:08P
Blockbuster Adds Streaming Service for Dish Subscribers, but No Netflix Killer
When Dish Network bought Blockbuster out of bankruptcy protection last spring, it signaled its intent to compete with online streaming services like Netflix. But what Dish rolled out today, a new streaming and DVD-by-mail service called Blockbuster
Updated: 09/23/2011 03:08P
Central Falls receiver to offer new pension plan
PROVIDENCE, RI (AP) ” An attorney for the state receiver who filed for bankruptcy on behalf of Central Falls said Friday his office will offer a new plan for cutting city police and firefighter retirees' pensions in response to
Updated: 09/23/2011 03:04P
House Republicans Complain about Loan Guarantees.. with $11.8 Billion in Loan
They have homed in on two phrases to describe loan guarantees — calling them a tool of “crony capitalism” and claiming that they allow the government “to pick winners and losers.” Practically every conservative politician speaking to the press about
Updated: 09/23/2011 02:56P
Read Solyndra's June Presentation to Congress Members: "Exceeding Expectations
Since Solyndra sent the document to Congress on June 23, followed by a mid-July letter and personal visit making more claims about its financial strength, the company has not only declared bankruptcy, it has been raided by the FBI.
Updated: 09/23/2011 02:53P
Will Solar City's SolarStrong be Solyndra's casualty?
A few weeks back San Mateo-based SolarCity announced it got a $275 million loan guarantee for SolarStrong, a project to install residential rooftop solar at up to 124 military bases in 33 states. SolarCity says this project "has the potential to be the
Updated: 09/23/2011 02:47P
Dish takes Blockbuster shot at reeling Netflix
AP The Blockbuster video store chain and new owner Dish Network are ganging up on Netflix with a less expensive way to watch Internet video and rent DVDs through the mail. Blockbuster and Dish are selling their package for $10 per month, the same price
Updated: 09/23/2011 02:45P
AiB publish Debt Arrangement Scheme 2011 report
Trust Deed Scotland can reveal that the Account in Bankruptcy have released a report showing information on Debt Arrangement Schemes, the growing alternative route of debt management in Scotland. A staggering £100m is currently being repaid by Scottish
Updated: 09/23/2011 02:43P
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