Cliff Stearns News
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Hospital pharmacists are backing a call by the Food and Drug Administration for added regulation of compounding companies after a meningitis outbreak, calling it a “gray area” with serious implications.
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U.S. Representative Cliff Stearns, who led a House investigation into federal aid to solar-panel maker Solyndra LLC, conceded defeat in Florida’s Republican primary, losing to a Tea Party-backed newcomer, Ted Yoho.
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A123 Systems Inc., the electric-car battery maker that filed for bankruptcy this week, had promising chemistry and marquee customers. What it couldn’t overcome, even with government funding, were missteps in manufacturing.
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The Chinese auto-parts maker that previously bailed out A123 Systems Inc., the U.S. electric-car battery maker that filed for bankruptcy protection this week, said it’s still interested in taking over the company.
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The Republican-led investigation into Solyndra LLC, the solar-panel maker that received a $535 million U.S. loan guarantee only to go bankrupt two years later, is drawing to an end.
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The Federal Communications Commission said it initially approved Philip Falcone’s LightSquared Inc. without knowing the wireless service would interfere with global positioning system signals, because GPS- gear makers didn’t complain.
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Representative Cliff Stearns, a Florida Republican, said Solyndra Chief Executive Officer Brian Harrison “assured me that everything was just fine” about 30 days before the company closed and filed for bankruptcy.
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A Florida lawmaker opposed the potential sale of control in A123 Systems Inc., the U.S. maker of automotive rechargeable batteries, to a Chinese company, citing national security concerns.
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A123 Systems Inc.’s chief executive officer said the company’s financial rescue by China’s largest auto-parts maker will preserve U.S. jobs, after the agreement drew criticism from congressional Republicans.
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State leaders are ignoring the anti- China rhetoric from the U.S. Congress and presidential candidates as they pursue investments by companies in the world’s second-largest economy at a pace that may accelerate.
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