Suntech Faces Bankruptcy After Banks Balk At $1.1B Default

By Karlee Weinmann (March 20, 2013, 1:53 PM EDT) -- Suntech Power Holdings Co., once the world's largest manufacturer of solar panels, said Wednesday its main subsidiary had slipped into bankruptcy proceedings in China after defaulting on obligations to more than half a dozen creditors that could total as much as $1.1 billion....

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