CEO Of Bankrupt Solar Firm Solyndra Resigns
The chief executive of Fremont solar company Solyndra, whose bankruptcy led to a Congressional investigation of federal energy loan guarantees, has resigned.
Watch CBS News
The chief executive of Fremont solar company Solyndra, whose bankruptcy led to a Congressional investigation of federal energy loan guarantees, has resigned.
Top executives from a bankrupt Fremont-based solar energy company have declined to testify before a congressional hearing investigating their half-billion dollar government loan.
Two top executives at a bankrupt Bay Area solar energy company say they will invoke their Fifth Amendment rights and refuse to answer questions when they appear at a House hearing on Friday.
The Department of Energy is not the only government agency that invested heavily in Solyndra, the Fremont-based solar manufacturing company that recently filed for bankruptcy.
The chairman of the House Judiciary Committee is calling for an independent investigator to look into a $528 million loan approved by the Energy Department for a now-bankrupt solar energy company.
Federal analysts looking at a proposed loan to a Bay Area solar energy company in 2009 warned then of possible problems, as well as pressure from the White House to speed up a decision, according to a memorandum released by a Congressional committee.
The Obama administration's eagerness to deliver economic stimulus may have influenced a federal review of a loan to a now bankrupt solar panel manufacturer, a move that may have left taxpayers on the hook for a $528 million debt, House Republicans said Wednesday.
Smaller Bay Area businesses have felt the ripple effect the former solar giant set off when it closed down its operation in the last week.
A congressional memorandum indicates that even as the executives of a solar energy company assured members of Congress that their finances were improving, a different story was being prepared behind the scenes.
The city of Vallejo, which went through a highly-publicized bankruptcy, is doing a complete economic turnaround, and that's creating a buzz in the business community.
A leading Bay Area manufacturer of solar power systems has abruptly shut down operations as it seeks to file for bankruptcy.
On Tuesday, the Vallejo City Council approved using grant money to hire nine firefighters for two years, buy two additional engines and reopen a fire station.
A federal judge has approved Vallejo's plan to emerge from bankruptcy and will soon formally sign off on the proposal, city officials said Friday.
Doctors Medical Center, San Pablo has been bankrupt before and could be forced into another Chapter 9 filing in the near future.
Without warning, Perkins & Marie Callender's Inc. have announced plans to close 65 restaurants across the country, including the immediate closure of seven Bay Area chains.
Contra Costa County supervisors are loaning a struggling hospital $10 million to keep its doors open.
The popular teen clothing chain store Anchor Blue has filed for bankruptcy. It recently closed all of its 117 stores, including 60 stores in California. According to some employees, they are still waiting to get paid.
Bookseller Borders, which helped pioneer superstores that put countless mom-and-pop bookshops out of business, filed for bankruptcy protection Wednesday, sunk by crushing debt and sluggishness in adapting to a rapidly changing industry.
A national bookstore chain with several outlets in the Bay Area is on the brink of bankruptcy.
The Bay Area company that promises to serve "The Last Honest Pizza" is filing for bankruptcy.
A luxury resort hotel group that includes the historical Claremont Hotel & Spa in the Berkeley Hills has filed for bankruptcy protection just a week after being acquired by new owership.
With fewer police and firefighters in Vallejo, a city councilwoman has raised the possibility that public safety services be consolidated with other cities or the county.
Police officials in the city of Vallejo have been forced to do more with a lot less, something that is never more evident than this weekend, as the department deals with two separate homicide investigations.
The city has proposed a plan to pay $6 million to creditors in an attempt to come out of bankruptcy.
The number of people filing for bankruptcy reached record levels in some parts of the Bay Area last year.
