A123 Systems News
What Apple Would Get If It Bought Tesla
Some Apple shareholders want the world's most valuable company to buy Elon Musk's electric car company Tesla. While Apple CEO Tim Cook didn't directly answer questions at a this week's shareholder's meeting of whether bidding on Tesla was in the iPhone maker's future, there are plenty of reasons
What an Apple Car Would Need to Compete With Tesla
Apple 's nearly four decades as a company have been filled with repeated disruption of otherwise settled industries, leaving many to wonder if the world's most valuable company may be preparing to upend the auto industry with an Apple car. "Apple is very good at disrupting things at a grand scale,
Where's The Money: Chinese Investments in U.S.
In an unprecedented California summit this weekend, President Barack Obama and Chinese President Xi Jinping will discuss a wide range of topics. With China's economy expanding at an exponential rate, strategic Chinese investments in U.S. companies are sure to be discussed when the two global powers
Republicans Seize on Bankrupcy of Battery Maker That Received $249M in Federal Loan Guarantees
The bankruptcy filing Tuesday of an electric car battery maker that received $249 million in federal loan guarantees and that President Obama had touted as a poster child for green-energy jobs has given fresh fodder to Republicans and presidential nominee Mitt Romney, who have attacked...
More Adults Living With Their Parents
Morning Business Memo: More adults are moving in with their parents. A new survey by PulteGroup, one of America’s biggest builders, says almost one third of homeowners expect their grown kids or parents to live with them. USA Today says the survey shows that the...
A123 Systems , Obama-backed Battery Maker, in Bankruptcy
A123 Systems (AONE), the battery manufacturer for electric cars backed by the Obama administration, filed for bankruptcy today after it failed to make debt payment earlier this week. The Waltham, Mass.-based company, which manufactured advanced lithium ion batteries for transportation, electric ...
Green Firms Get Fed Cash, Give Execs Bonuses, Fail
President Obama's Department of Energy helped finance several green energy companies that later fell into bankruptcy -- but not before the firms doled out six-figure bonuses and payouts to top executives, a Center for Public Integrity and ABC News investigation found. Take, for instance, Beacon
More Green Energy Layoffs: Colorado Solar Firm Cuts Workforce in Half
Another recipient of Energy Department loan funds has run into financial trouble. Colorado-based Abound Solar announced this week it has been forced to lay off 180 of its 400 workers as it tries to retool to produce a more efficient type of solar panel in order to keep a technological edge on
Slick Waters: Heckuva Dilemma, As Sludge Sticks to Politics and Policy
While our eyes gazed downward at Florida, what if the biggest political story of the week was creeping up toward the Gulf Coast?
The Presidential Planner
From Sunlen Miller: This morning, President Obama will make a statement on the first quarter 2010 GDP numbers in the Rose Garden. Joining him for his remarks will be representatives and workers from two U.S. manufacturers: Itron, a Washington state-based...