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Employers cut 533K jobs in Nov., most in 34 years- Skittish employers slashed 533,000 jobs in November, the most in 34 years, catapulting the unemployment rate to 6.7 percent, dramatic proof the country is careening deeper into recession.
Thailand reopens main international airport- Dancers, drummers and apologetic tourism officials greeted travelers Friday at the official reopening of Thailand's main international airport, which was shut down for a week by anti-government protesters.
- A security pact that sets a timetable for troops to leave Iraq requires a shift in how the U.S. carries out combat missions during its remaining time in the country, the top U.S. military commander in Iraq said Friday.
AP IMPACT: Some bailout holdings down $9 billion- Stock intended to eventually earn taxpayers a profit as part of the Bush administration's massive bank bailout has lost a third of its value - about $9 billion - in barely one month, according to an Associated Press analysis. Shares in virtually every bank that received federal money have remained below the prices the government negotiated.
Hill leader says jobs report argues for car rescue- The chairman of the House Financial Services Committee says the new bleak unemployment figures makes helping the nation's beleaguered auto industry even more urgent.
- Barack Obama, who rewrote the book on presidential fundraising, amassed more than $745 million during his marathon campaign, more than twice the amount obtained by his rival, Republican John McCain.
AP Enterprise: Deaths loom over self-defense laws- A convenience store clerk chased down a man and shot him dead over a case of beer this summer and was charged with murder. A week later, a clerk at another Jackson convenience store followed and fatally shot a man he said tried to rob him, and authorities let him go without charges.
- Paul Benedict, the actor who played the English neighbor Harry Bentley on the sitcom "The Jeffersons," has died. He was 70.
Giants' Pierce to meet with NYC investigators- Antonio Pierce is finally going to talk to investigators about what he did on the night Plaxico Burress shot himself.
SunPower Signs Solar America Initiative Agreement with U.S. Department of Energy
SAN JOSE, Calif.
(Map)
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SunPower Corp.
(Nasdaq: SPWR), a Silicon Valley-based manufacturer of high-efficiency solar
cells, solar panels and solar systems, today announced it has been awarded a
cost-shared, three-year cooperative agreement by the U.S. Department of Energy
(DOE) for the "Grid-Competitive Residential and Commercial Fully Automated PV
Systems Technology" Project. Under the cooperative agreement, SunPower is
expected to receive
SunPower was selected to receive this award in March of this year and will use the funds to implement cost improvements across the value chain, including innovations in producing ingots, wafers, high-efficiency solar cells and panels, system design, and improved delivery and installation productivity. The company will work to reduce solar system costs through improvements in the design and manufacture of integrated solar-electric systems. This work will be conducted with a team of technology and institutional partners.
"The Solar America Initiative provides support for SunPower's stated
objective to reduce installed system cost 50 percent by the year 2012," said
The SAI is focused on accelerating widespread commercialization of clean solar energy technologies by 2015 and will provide the U.S. additional electricity supply options while reducing dependence on fossil fuels and improving the environment. It aims to achieve market competitiveness for solar-electric power through government partnerships with industry, universities, national laboratories, states, and other public entities by funding new research and development activities.
About SunPower
SunPower Corporation (Nasdaq: SPWR) designs, manufactures and delivers
high-performance solar electric systems worldwide for residential, commercial
and utility-scale power plant customers. SunPower high-efficiency solar cells
and solar panels generate up to 50 percent more power than conventional solar
technologies and have a uniquely attractive, all-black appearance. With
headquarters in
Forward-Looking Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation reform Act of 1995. We use the word "will," "may," "can," and other expressions about the future to identify such forward-looking statements. These forward-looking statements involve risks and uncertainties that may cause our actual results, performance or achievements to be materially different from those expressed or implied by the forward-looking statements. You should not place undue reliance on these forward-looking statements. Factors that could cause actual results to differ materially from those predicted in such forward-looking statements include, but are not limited to, the ability of SunPower to successfully conclude negotiations of the cooperative agreement with the U.S. Department of Energy, business and economic conditions and growth trends in the solar power industry, the success of our ongoing research and development efforts, our ability to successfully develop and introduce new products and services, technological changes in the solar power industry that may affect the competitiveness of our products, our ability to ramp new production lines, our ability to realize expected manufacturing efficiencies, production difficulties that could arise, the continuation of governmental and related economic incentives promoting the use of solar power, and other risk factors. Please refer to these and other risks described in our Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. All forward-looking statements included in this release are based upon information available to SunPower as of the date of this release and, except as required by law, we assume no obligation to update any such forward-looking statements.
SunPower is a registered trademark of SunPower Corp. Cypress is a registered trademark of Cypress Semiconductor Corp. All other trademarks are the property of their respective owners.
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