Several Democrats joined solid Republican opposition to reject legislation that proposes a first step in judging utilities’ performance when setting rates.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News
Fallen crypto mogul Sam Bankman-Fried sentenced to 25 years in prison
Prosecutors said Bankman-Fried had cost customers, investors and lenders over $10 billion by misappropriating billions of dollars to fuel his quest for influence and dominance in the new industry.
advertisement
Posted inBusiness, Kennebec Journal, Maine, Morning Sentinel, News
Passenger train service through central Maine halted by representatives in Augusta
The bill would look at the feasibility of running a passenger rail between Portland and Bangor, with stops in Lewiston, Auburn, Waterville and just west of Augusta.
Posted inBusiness, Maine, News
Portland jetport pitches parking expansion plan for city, state review
The Portland International Jetport has reduced its proposal by 100 spaces, but that might not satisfy residents of a Stroudwater neighborhood concerned about the $8 million project.
Posted inBusiness, Maine, News, Politics
Maine Democrats advance digital privacy bill opposed by businesses
The measure would enact strict limits on when a company can collect, store and analyze consumer information, while creating exemptions for nonprofits, educational institutions and hospitals.
Posted inBusiness, Nation & World, News
Baltimore union fears loss of 2,400 jobs on bridge collapse
Baltimore’s port is closed after the container ship Dali slammed into the Francis Scott Key Bridge on Tuesday, causing it to collapse into the water.
Posted inBusiness, Maine, Morning Sentinel, News
Owners of new Norridgewock hardware store aim to serve community they have called home for generations
Nickerson Yard Maintenance recently opened a small hardware store in the town of about 3,000, and the family members who own it said it has been received with excitement — and nostalgia — from the community.
Posted inBusiness, Maine, Morning Sentinel
Waterville board recommends zone change to allow construction of ‘solar garden’
Landowner Leo St. Peter still needs to get approval from the City Council for the zone change to build a 725-kilowatt solar farm on Webb Road.
Posted inBusiness, Food & Dining, Maine, Things to Do
Sugarhouses to open Saturday, after storm disrupts Maine Maple Sunday Weekend
An early spring storm dumped snow and ice over much of the state, keeping many sugarhouses from opening on their most lucrative weekend.
Posted inBusiness, Nation & World
TikTok is under investigation by FTC over data practices and could face a lawsuit
The investigation is the latest battle the social media company, which is already fighting against a federal bill that could ban the platform in the U.S. if it doesn’t break ties with its Beijing-based parent company.