One battleground will be the lawsuit challenging grants from the Fearless Fund, which awarded $20,000 to businesses that are at least 51% owned by Black women, among other requirements.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News
DEA reverses decision stripping drug distributor of licenses for fueling opioid crisis
An investigation by the Associated Press found the nation’s fourth-largest drug distributor kept shipping drugs for nearly 4 years after a federal judge recommended the harshest penalty for its ‘cavalier disregard’ of rules aimed at preventing opioid abuse.
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Posted inBusiness
DoorDash aims to expand overseas, while delivery rivals struggle
Europe’s biggest food delivery companies, including Deliveroo, Germany’s Delivery Hero SE and Turkish startup Getir, have yet to prove to investors that they can turn a profit.
Posted inBusiness
Maine, 8 other states sign agreement to boost production of heat pumps
The states have pledged to increase their heat pump installation targets to meet at least 65% of residential-scale heating, air conditioning and water heating units by 2030 and 90% by 2040.
Posted inBusiness, News, Sports
Super Bowl expected to smash betting records. Nearly 68 million U.S. adults plan to wager
Sports betting is legal in 38 states plus Washington, D.C.
Posted inBusiness
Ousted founder of WeWork wants to buy back company
Adam Neumann has been partnering with capital sources to get his office sharing business back after filing for bankruptcy in November.
Posted inBusiness
Honda recalling over 750,000 vehicles to fix faulty passenger seat air bag sensor
DETROIT — Honda is recalling more than three quarters of a million vehicles in the U.S. because a faulty sensor may cause the front passenger air bags to inflate when they’re not supposed to. The recall covers certain Honda Pilot, Accord, Civic sedan, HR-V and Odyssey models from the 2020 through 2022 model years, as […]
Posted inBusiness, Nation & World, Sports
U.S. labor official says Dartmouth basketball players are school employees, sets stage for union vote
Unionizing would allow the players to negotiate not only over salary but working conditions, including practice hours and travel.
Posted inBusiness, Maine, News
Fishing regulators say no to catching more elvers, a most valuable species
The baby eels are harvested from rivers and streams in Maine, sold to aquaculture companies and raised to maturity, then resold as food.
Posted inBusiness, Nation & World, News
Some Americans are saddled with credit card debt as rent and everyday prices remain high
Noticeable pockets of Americans – renters, and lower- and middle-income borrowers – are running up their credit cards balances, and increasing numbers are falling behind on their debts.