MORE ON: bankruptcy

Daily Report: Money and Politics

Solyndra layoffs larger than previously reported

June 13, 2012, 12:05 AM
On the day it closed, Solyndra said it was laying off 1,100 full-time and temporary employees. But 1,861 workers lost their jobs as the solar panel manufacturer shut its doors, according to Labor Department documents provided to The Bay Citizen under the Freedom of Information Act. ... + read more
Daily Report: Money and Politics

GSA sought Solyndra contracts despite White House objections

April 19, 2012, 7:00 PM
General Services Administration officials – now embroiled in an agency scandal over lavish spending – pursued contracts with Fremont-based Solyndra despite orders from White House officials to cease contact with the failing solar panel company, according to e-mails released as part of a... + read more
Daily Report: Money and Politics

Bankrupt solar company Solyndra subpoenaed

December 14, 2011, 3:21 PM
Failed solar panel maker Solyndra, which got nearly $535 million in taxpayer loans, was subpoenaed by a grand jury as part of a federal investigation, according to court documents filed by the Fremont company's lawyers. Billing records submitted by San Francisco-based K&L Gates LLP,... + read more
Daily Report: Money and Politics, Environment

Solyndra received favorable IRS ruling weeks before loan

September 28, 2011, 12:05 AM
WASHINGTON, D.C. – Just weeks before Solyndra received approval for a $535 million taxpayer-funded loan, the Fremont, Calif.-based solar panel manufacturing company received a favorable ruling from the Internal Revenue Service, giving its customers a significant tax break. The U.S. tax... + read more
Daily Report: Money and Politics

Solyndra CEO touted progress to lawmakers just before bankruptcy

September 23, 2011, 12:05 AM
WASHINGTON, D.C. – Less than two months before his solar panel company filed for bankruptcy, Solyndra CEO Brian Harrison told lawmakers on Capitol Hill that thanks to the $535 million taxpayer loan to build a new factory, his company had shipped record-breaking numbers of solar panels to... + read more
Daily Report: Money and Politics

Were early warnings about now-bankrupt Solyndra ignored?

September 14, 2011, 12:05 AM
WASHINGTON, D.C. – House investigators looking into the failure of Fremont-based Solyndra are likely to focus on why the Obama administration kept giving the troubled solar panel manufacturer taxpayer cash amid multiple warning signs that the company was in serious trouble – including... + read more
Daily Report: Money and Politics

Consumer bankruptcy filings rise in 2010

August 29, 2011, 12:05 AM
Consumer bankruptcy filings were up 9 percent in 2010, and Californians reported $88.7 billion in debt, according to a report by the U.S. Courts. In its annual report to Congress, the U.S. Courts summarized the more than 1.5 million bankruptcy petitions filed in 2010 by individuals with... + read more
Daily Report: Money and Politics

Consumers carry massive debt loads into bankruptcy

August 5, 2010, 12:05 AM
In these tough economic times, a map released by the Administrative Office of the U.S. Courts shows a grizzly amount of consumer debt owed in California, Arizona and Nevada. The map shades in states based on "net scheduled debt," or the amount of money consumers have to pay back... + read more
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