Hankey’s wealth has its foundation in Westlake Financial Services, one of the top providers of subprime auto loans to borrowers with bad credit.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News
Musk says he’s boosting Tesla pay to stop OpenAI from poaching
An exodus of personnel from Musk’s most valuable company to his newest may exacerbate concerns about conflicts and governance within the billionaire’s empire.
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Posted inBusiness, News
Amazon lays off several hundred employees
The job cuts will affect several hundred people from the sales, marketing and global services team for AWS, the company’s cloud computing division.
Posted inBusiness, Maine, Morning Sentinel, News
Skowhegan’s Hilltop Antiques to downsize as developer plans apartments on second floor
Patric Moore is buying 48 Water St. and wants to convert the second floor into five apartments, while the current owner and occupant, Greg Salisbury of Hilltop Antiques, plans to consolidate his business to the first floor.
Posted inBusiness, Nation & World, News
Boeing pays Alaska Airlines $160 million in compensation for the blowout of a panel during flight
Alaska said in Thursday’s filing that it expects to lose between $1.05 and $1.15 per share for the January-March quarter, with 95 cents per share of the loss related to the accident.
Posted inBusiness, Food & Dining, Maine, Morning Sentinel
New Lebanese restaurant in Waterville harkens to immigrant roots, family recipes
Former Waterville mayor Tom Nale is opening MEZZA, a new Lebanese restaurant, located near the area where their Lebanese immigrant relatives settled in the late 1800s and early 1900s.
Posted inBusiness, Lewiston-Auburn, Maine
Maine to allow more hoop houses and greenhouses for residents to grow food
A legal change removes building code provisions that made it hard to erect the structures in urban areas.
Posted inBusiness, Maine, News, Politics
Maine’s targets to reduce emissions may be harder to hit without electric vehicle standards
Maine officials looking to reach ambitious carbon-reduction targets are considering a range of sources after regulators rejected electric vehicle sales standards that would play a big role in cutting greenhouse gas emissions.
Posted inBusiness
Disney shareholders back CEO Iger, rebuff activists who wanted to shake up the company
Disney announced in November 2022 that Robert Iger would come back to the company as its CEO to replace his hand-picked successor.
Posted inBusiness, Maine, News, Politics
Oversight of Maine’s electric vehicle standards likely to shift from citizen board to lawmakers
A bill to formalize the change is headed to Gov. Janet Mills. The move delays limits on sales of gas-powered vehicles from being implemented until at least 2025.