Corporate welfare queen shuts doors

posted by
August 31, 2011
New York Times    
Posted in News

"A Silicon Valley maker of solar power arrays that was started with high hopes and $527 million in loans from the federal government said on Wednesday that it would cease operations. ... President Obama praised the company, Solyndra, for its advanced technology during a visit last year. But in a statement on Wednesday, Solyndra said its business had run into trouble because of difficult global business conditions, including slowing demand for solar panels, and stiff competition." (08/31/11)

http://nyti.ms/pOWs8J  

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