Dept of Energy Asked Solyndra to Delay Job Cuts News

Tuesday, 15 Nov 2011 11:29 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

The U.S. Department of Energy asked Solyndra LLC to delay announcing it would fire workers until a day after last year’s elections, according to a House Republican staff report citing advisers for an investor in the failed solar-panel maker.

“DOE continues to be cooperative and have indicated that they will fund the November draw on our loan (app. $40 million) but have not committed to December yet,” an adviser to Argonaut Private Equity of Tulsa, Oklahoma, who wasn’t identified, wrote an associate in an e-mail. “They did push very hard for us to hold our announcement of the consolidation to employees and vendors to Nov. 3rd -- oddly they didn’t give a reason for that date.”

The e-mail was cited today in a staff memo written by Republicans on the House Energy and Commerce investigations panel in preparation for a hearing Nov. 17, when Energy Secretary Steven Chu is scheduled to testify about Solyndra’s $535 million federal loan guarantee. The company filed for bankruptcy in September.


© Copyright 2014 Bloomberg News. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Ala. Governor Calls Prison Reform Advocates 'Crazy' To Sue State

Wednesday, 30 Jul 2014 10:16 AM

Alabama Gov. Robert Bentley knows his state has a serious prison problem, but he had some harsh words for reform groups  . . .

Moscow: Sanctions 'Destructive and Myopic'

Wednesday, 30 Jul 2014 10:10 AM

Russia fought back on Wednesday over new U.S. and EU sanctions imposed over Ukraine, where fighting between Moscow-backe . . .

Catholic League Chief Speaks Out on Obama's Eid al-Fitr Message

Wednesday, 30 Jul 2014 09:48 AM

Catholic League President Bill Donohue is slamming President Barack Obama for his statement commemorating the end of the . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved