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Solyndra Said to Be Investigated by FBI for Accounting Fraud
30 (Bloomberg) -- Solyndra LLC, the solar-panel maker that filed for bankruptcy protection two months after executives extolled its prospects, is being investigated by the FBI for accounting fraud, an agency official said. The FBI is examining possible
Updated: 09/30/2011 01:03A
FBI Said Probing Solyndra for Possible Account Fraud
Solyndra, which made cylindrical-shaped solar panels, filed for bankruptcy protection on Sept. 6 and fired about 1100 workers with little notice, about two years after winning a $535 million US loan guarantee from the Energy Department.
Updated: 09/30/2011 12:54A
Market Chatter -- Corporate finance press digest
* Anglo-Swiss miner Xstrata Plc is believed to be considering a major coal acquisition in Australia, The Australian Financial Review reported on Friday. * Burger and ice cream chain Friendly's is close to filing for bankruptcy and may try to sell
Updated: 09/30/2011 12:42A
Shedding light on solar giant's bankruptcy
Solyndra, the California solar industry giant that declared bankruptcy this month, never was a financially feasible proposition. According to published reports, the firm had lost hundreds of millions of dollars before September 2009, when a ray of hope
Updated: 09/30/2011 12:35A
BofA agrees to reduce Lehman claims, return funds
The bank's Merrill Lynch International unit also will reduce its derivative claims by about $3 billion, according to documents filed Wednesday in US Bankruptcy Court in Manhattan. Bank of America and Merrill will support Lehman's liquidation plan under
Updated: 09/30/2011 12:34A
Boeing, Madoff, HSBC, Fortescue, Total, BofA in Court News
Twenty-three people face individual indictments for distributing drugs including Actiq, Oxycontin and Xanax. Fourteen others who weren't indicted face misdemeanor charges of possession. said. Memeger wouldn't comment on the 37th person's whereabouts.
Updated: 09/30/2011 12:33A
Bibb auctioning vehicles and equipment Saturday
Some 23 vehicles are being auctioned off Saturday on behalf of the Bibb County government, along with equipment from the Macon Water Authority and a shiny black 1971 Camaro being sold by bankruptcy court.
Updated: 09/30/2011 12:28A
Friendly's reportly close to bankruptcy
The Friendly's family-restaurant chain is preparing to file for Chapter 11 bankruptcy and seek a buyer, sources have told the Wall Street Journal. Friendly Ice Cream Crop., the Wilbraham, Mass.-based family-restaurant chain, is preparing to file for
Updated: 09/30/2011 12:25A
Friendly's reportedly near bankruptcy
based family-restaurant chain, is preparing to file for Chapter 11 bankruptcy and seek a buyer, sources have told the Wall Street Journal. Friendly's has hired law firm Kirkland & Ellis and Zolfo Cooper, a turnaround advisory firm, to negotiate with
Updated: 09/30/2011 12:25A
Honeywell, P-Two, Apple, Righthaven: Intellectual Property
Honeywell International Inc. (HON) won a jury's verdict that a patent asserted by Solvay SA on technology to replace ozone-depleting chlorofluorocarbon refrigerants is invalid.
Updated: 09/30/2011 12:20A
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