Solyndra’s Restructuring Was Unusual, but Illegal? Not Clear
But the hearing did not shed light on whether the arrangement violated federal law, something the Energy Department denies. In fact, much of the hearing focused on whether the subcommittee would...
View ArticleA Gold Rush of Subsidies in Clean Energy Search
The project is also a marvel in another, less obvious way: Taxpayers and ratepayers are providing subsidies worth almost as much as the entire $1.6 billion cost of the project. Similar subsidy packages...
View ArticleEnergy Secretary Chu Defends Solyndra Loan
Companies fail when “the bottom of the market falls out,” Dr. Chu testified before a subcommittee of the House Energy and Commerce Committee. That, he said, is what happened to the solar panel...
View ArticleMarkets Brush Off S&P Downgrades, Focus on Greece
LONDON (AP) — European markets responded calmly on Monday to Standard Poor’s decision to cut the credit ratings of a number of euro countries, including France. The downgrades, which were based on...
View ArticleDealBook: In a Switch, Investors Are Buying European Bank Bonds
Shawn Pogatchnik/Associated PressBank of Ireland raised $1.27 billion on Tuesday in its most significant bond issue in more than three years. LONDON — European bank debt, once an investment pariah, is...
View ArticleSpanish Banks Agree to Layoffs and Other Cuts to Receive Rescue Funds in Return
The most significant cuts will be made by Bankia, the giant lender whose collapse and request for 19 billion euros, or $25 billion, in additional capital last May led the Spanish government to...
View ArticleS.& P. Raises Greek Credit Rating to B- From ‘Selective Default’
The agency said the upgrade to B-, the highest grade it has given Greece since June 2011, reflected its view that the other 16 European Union countries using the euro are determined to keep Greece in...
View ArticleFederal Reserve Transcripts Open Window on 2007 Housing Crisis
Officials decided not to cut interest rates. The Fed did not even mention housing in a statement announcing its decision. The economy was growing, and a transcript of the meeting that the Fed published...
View ArticleEuropeans Planted Seeds of Crisis in Cyprus
But the path that led to Cyprus’s current crisis — big banks bereft of money, a government in disarray and citizens filled with angry despair — leads back, at least in part, to a fateful decision made...
View ArticleFair Game: The Housing Market Is Still Missing a Backbone
Mr. Obama vowed to keep mortgage costs affordable for first-time home buyers and working families, pleasing those who think that the government should have a large role in this arena. His call for...
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