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Solar company Solyndra says CEO resigned
The chairman and CEO of a California solar energy company that sought bankruptcy protection after receiving a half-billion-dollar loan guarantee from the Obama administration has resigned. Solyndra Inc. said in papers filed in Delaware bankruptcy court
Updated: 10/14/2011 01:06A
Recent federal contracts, deals and bankruptcy filings involving Maryland
Clampett Industries of Hunt Valley won $103299 from the Department of Justice for energy audit assessments. Dynamix of Greenbelt won $16927 from the Navy to maintain computer servers. Econometrica of Bethesda won $1.47 million from the Department of
Updated: 10/14/2011 12:26A
Failed energy projects cross party lines
Hatch to talk about a technology that led to the opening of that facility is pretty standard as well.” Hatch is not the only politician who has met with Raser. Former governor Jon Huntsman, now a candidate for the Republican presidential nomination,
Updated: 10/14/2011 12:23A
Slumping cities face service cuts, layoffs — and even bankruptcy
the state's capital — decided to seek bankruptcy protection, in part because the city is on the hook for millions of dollars used to rebuild a power-generating trash incinerator. Municipal bankruptcy and repossession are extreme cases, but no longer
Updated: 10/14/2011 12:23A
Slumping cities: Hundreds across the country are facing service cuts, more
City Hall has cut hundreds of jobs over the past 36 months, and revenues haven't dropped as much as in other cities. Other area communities are relatively healthy, too, financially — and not just because they've cut expenses.
Updated: 10/14/2011 12:23A
Harrisburg Council Faces Claims They Broke Laws in Filing for Bankruptcy
The Harrisburg city officials who pushed Pennsylvania's capital city into bankruptcy this week will have to defeat claims they broke local, state and federal laws to keep the case from
Updated: 10/14/2011 12:22A
Findlay-based homebuilder Maronda to reorganize debts
Fees, expenses and lost sales related to its trouble with the lenders added up to damages of more than $40 million, Maronda said. Lately, the company has been running ads touting "stunning entryways, grand staircases and beautiful kitchens" in its
Updated: 10/14/2011 12:00A
Residents respond to Harrisburg bankruptcy vote
In the 48 hours that have passed since Harrisburg city council members voted 4-3 to authorize an attorney to file for Chapter 9 bankruptcy protection, there have been several questions and concerns raised. Is bankruptcy the best option? Is it legal?
Updated: 10/13/2011 11:45P
Commercial real estate defaults continue in Las Vegas
The Las Vegas commercial real estate market continues to be pounded by foreclosures and, most recently, a bankruptcy. Palisades 6300 West Lake Mead LLC, owner of a 281-unit apartment complex on Lake Mead Boulevard,
Updated: 10/13/2011 11:37P
Citigroup Sued by Fairfield Sentry Liquidators Over Madoff
19, 2008, according to a complaint filed today by the liquidators in US Bankruptcy Court in New York. The liquidators accuse the Citigroup unit and unidentified investors in the Sentry funds of unjust enrichment and seek return of the payments plus
Updated: 10/13/2011 11:25P
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