- DOJ reaches largest-ever federal government settlement over auto loan discrimination
- U.S. Navy to start giving gay couples marriage benefits in Japan
- Sen. Harry Reid goes to hospital as a precaution
- Fla.’s Trey Radel exits rehab, ‘excited’ to resume congressional role
- U.S. nuclear general boozed it up, chased ‘hot women’ in Russia: report
- 45 Calif. students at one school test positive for tuberculosis exposure
- Rob Ford on women: Give them cash ‘and they are happy’
- Ku Klux Klan group holds recruitment meeting in Maryland
- Airport assassination: Mayor, 3 others killed at Manila airport
- Tea party-type lawmakers take mysterious, off-books trip to Mideast
By John McAfee
Independent voices from the The Washington Times Communities
Topic - Suntech Power Holdings Ltd.
Suntech, one of the world's biggest solar panel manufacturers, said Monday it had defaulted on a $541 million bond payment in the latest sign of the financial squeeze on the struggling global solar industry.
Suntech, one of the world's biggest solar panel manufacturers, said Monday it has defaulted on a $541 million bond payment in the latest sign of the financial squeeze on the struggling global solar industry.
China's government says it will encourage mergers among producers of solar panels to strengthen an industry that has suffered huge losses due to excess production capacity and price-cutting wars.
Chinese solar-panel makers that boomed over the past decade are suffering big losses because of slumping global sales and a price war that threaten an industry seen by communist leaders as a role model for hopes to transform China into a technology leader.