The Energy Department is sticking by its green loan program, even as critics question the government's moves into venture capitalism.» Read More
*Wuxi Suntech has $1.75 billion in debt. HONG KONG, Oct 10- Chinese solar panel maker Shunfeng Photovoltaic International Ltd has been chosen as the preferred bidder for a stake in the main unit of troubled rival Suntech Power Holdings Co Ltd, according to a notice issued by China's Wuxi government.
HONG KONG, Oct 10- Hong Kong- listed Chinese solar panel maker Shunfeng Photovoltaic International Ltd has been chosen as the preferred bidder for a stake in the bankrupt main unit of troubled rival Suntech Power Holdings Co Ltd, according to a notice issued by China's Wuxi government.
HONG KONG, Oct 9- Hong Kong shares slipped on Wednesday, led by Tencent Holdings as investors took profits on the outperforming technology sector while the impasse in Washington sapped confidence the U.S. will avert a debt default.
U.S. stock index futures were little changed in light volume following upbeat data from Germany and China, while Federal Reserve speakers could keep investors on edge after last week's hawkish comments from a top Fed official. **APPLE INC, Friday close $467.41, up 4 pct premarket.
**BLACKBERRY LTD, Friday close $8.72, down 6 pct premarket. **GENERAL ELECTRIC CO, Friday close $24.01, up 1.4 pct premarket. **APPLE INC, Friday close $467.41, up 0.3 pct premarket.
The European Union is to impose duties on imports of Chinese solar panels from Thursday, but announced a dramatically reduced initial rate after pressure from some large member states.
Growing market, falling revenues. The price decline that has hurt European panel makers has helped sustain demand in the face of Chinese competition and disappearing subsidies.
The European Commission agreed on Wednesday to impose punitive import duties on solar panels from China in a move to guard against Chinese dumping of cheap goods in Europe.
In this episode of Inside China, Eunice Yoon looks at how the bankruptcy of solar energy company Suntech led to an industry-wide downfall.
Despite the financial headwinds battering solar panel makers, alternative energy has a bright future, First Solar CEO James Hughes said Thursday.
Stocks finished off their best levels but the Dow still posted a fresh closing high Tuesday. And the S&P 500 traded within 2 points of its all-time peak earlier in the session.
Once attracting billions in private investment and public subsidies, enthusiasm over the solar sector has waned recently, underscoring the limits of renewable energies and the dominance of fossil fuels.
Environmentalist Terry Tamminen argues companies do better when government uses its considerable buying power to help make the sustainable product market.
Suntech Power was forced into bankruptcy after defaulting on a multi-million dollar bonds payment. Gordon Johnson, Axiom Capital Management, offers insight on the impact to U.S. solar makers.
A group of Suntech Power lenders want the Chinese solar panel maker's main unit declared insolvent, a sign Beijing is losing support for the industry.
Take a look at some of Wednesday's midday movers:
Suntech Power, a U.S.-listed company that is closing its Arizona plant, is poised to be taken over by the government of its hometown in China, reports The NYT.
Cash-strapped Chinese solar panel maker Suntech Power is likely to be bailed out by the state, despite a temporary reprieve from some debt holders, as it struggles to cover a $541 million convertible bond.
I'm not saying getting a deal (however small) is not worth something, but I think the fact that this is the first trading day of the year is an equally important factor.
Oct 12- Bankrupt solar firm Solyndra has filed a lawsuit against three U.S.-listed Chinese solar players, including Suntech Power Holdings Co, seeking $1.5 billion in compensation due to monopolization by these firms, according to court documents filed on Thursday.