New sanctions target members of La Nueva Familia Michoacana drug cartel, a notoriously violent group.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine, News
Maine home insurance rates are rising. Blame climate change.
More frequent and intense weather extremes and rising sea levels will drive up Maine home insurance premiums by 19% this year, the second-highest increase in the U.S., a recent report says.
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Posted inBusiness, Maine, News
Heat wave trips up power plants, prompting New England grid operator to issue warning
ISO-New England declared a ‘Power Caution’ for more than 4 hours Tuesday as air conditioners cranked up at the start of what’s expected to be a 3-day heat wave.
Posted inBusiness, Nation & World
Relatives of people killed in Boeing Max crashes ask U.S. to fine the company $24.8 billion
During a hearing Tuesday, Sen. Richard Blumenthal, D-Conn., said there is ‘mounting evidence’ that the company should be prosecuted.
Posted inBusiness, Maine
CMP bills to go up another $5 a month to subsidize solar projects
Maine regulators OK the hike, which follows a $10 jump approved last week, to cover a nearly 50% increase in what CMP pays to solar developers under a state law designed to reduce greenhouse gas emissions.
Posted inBusiness, Maine
Solar eclipse in April boosted spending across Maine. Here are the numbers
Towns in the path of totality, where the moon fully blocked the sun, experienced double-digit increases in visitation.
Posted inBusiness, Nation & World, News
Boeing CEO apologizes to relatives of 737 Max crash victims during Senate appearance
A Senate panel released a 204-page report with new allegations from a whistleblower who said he worries that ‘nonconforming’ parts – ones that could be defective or aren’t properly documented – are going into 737 Max jets.
Posted inBusiness, Nation & World, News
Dollar Tree left lead-tainted applesauce pouches on store shelves for weeks after recall, FDA says
Children in 44 states had probable or confirmed cases of elevated blood lead levels after eating the applesauce pouches marketed for toddlers.
Posted inBusiness, Health, Nation & World, News
This law is a lifeline for pregnant workers even as an abortion dispute complicates its enforcement
Many women confronted employers who didn’t know about the new law, misunderstood its scope or simply refused to comply, according to a report.
Posted inBusiness, Nation & World, News, Politics
Watchdog raises 2024 federal budget deficit projection by $400 billion
Deficits are a problem for lawmakers in the years to come because of the burden of servicing the total debt load, an aging population that pushes up the cost of Social Security and Medicare, and rising health care expenses.