A California solar-panel manufacturer once touted by President Obama as a beneficiary of his administration's economic policies -- as well as a half-billion-dollar federal loan -- is laying off 1,100 workers and filing for bankruptcy.
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@ 2011-09-08 10:31:15

(CNN) -- FBI agents on Thursday were searching the offices of a California solar energy company touted by President Barack Obama that recently halted operations, FBI spokesman Peter Lee confirmed to CNN.

Search warrants were executed at the Fremont, California, offices of Solyndra, which recently filed for bankruptcy, in a joint operation involving the FBI and the Department of Energy, Lee said.