Solyndra Files for Bankruptcy

President Barack Obama talks with Gov. Arnold Schwarzenegger at the Solyndra, Inc., construction site in Fremont, California, May 26, 2010. (Official White House Photo by Pete Souza) Solyndra, a Fremont, -CA based manufacturer of solar panels that received over half a billion in federal funds in 2009, says it is suspending operations and laying off  1,100  workers, effective immediately, because it can not compete with heavily subsidized Chinese manufacturers. The company, which owes lenders $783 million, has filed for Chapter 11 protection...

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