Solar panel firm Solyndra to cease operations
Thursday, September 1, 2011 - 02:30
in Astronomy & Space
The Fremont, Calif., company, which had received a $535-million Energy Department loan guarantee and hosted a tour by President Obama, plans to seek bankruptcy protection.The California solar panel manufacturer that received a high-profile $535-million Energy Department loan guarantee said it was ceasing operations, laying of 1,100 workers and preparing to file for bankruptcy protection.