Dept of Energy Asked Solyndra to Delay Job Cuts News

Tuesday, 15 Nov 2011 11:29 AM

 

  Comment  |
   Contact  |
  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.

  Comment  |
   Contact  |
  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:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Pope Fracis Heads to Istanbul in Symbolic Visit

Friday, 28 Nov 2014 21:21 PM

Pope Francis on Saturday heads to Istanbul for the second leg of his first trip to Turkey, in a richly-symbolic visit se . . .

Facebook Turning Its Sites, User Data To Political Ads

Friday, 28 Nov 2014 20:33 PM

Facebook users are likely to see a lot more political advertising in their news feeds, as the social network is pushing  . . .

Eyeing Deadline, France to Back Palestinian State If Peace Talks Fail

Friday, 28 Nov 2014 17:40 PM

France warned on Friday it would recognize a Palestinian state if a final international effort to overcome the impasse b . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

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