CEO Mark Zuckerberg says 10 million people signed up in the first seven hours.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, New England, News
Vermont to pay $16.5 million to settle lawsuits by foreign investors in fraudulent ski development
The former owners of Jay Peak were accused of misusing more than half of about $400 million raised for ski area developments from foreign investors through a visa program that offered the investors a chance at permanent U.S. residency.
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Posted inBusiness, Nation & World
Stock market today: Wall Street drifts lower as markets worldwide pull back
The U.S. economy, meanwhile, has remained stronger than many investors feared.
Posted inBusiness, Kennebec Journal, Maine
The Christmas Tree Shops closure news leaves customers disappointed
The Massachusetts-based discount home goods store announced last week it would shutter its operations, after initially planning to reorganize the company, and its closure in Augusta will open up more space for leasing at the Turnpike Mall on Western Avenue.
Posted inBusiness, Maine, News
Maine hospital operator settles contract dispute with Anthem
Covenant Health, which operates hospitals in Lewiston and Bangor, signs a 2-year deal with the insurance company, preserving in-network care for patients.
Posted inArts & Entertainment, Business, Life & Culture, Maine, Maine International Film Festival, Morning Sentinel
Downtown Waterville businesses brace for ‘large concentration of people’ as film festival opens in new art center
The 26th annual Maine International Film Festival kicks off Friday, with about 100 films screening over 10 days at the Paul J. Schupf Art Center in downtown Waterville.
Posted inBusiness, Nation & World, News
UPS, Teamsters contract talks break down with each side blaming the other
Contract negotiations between UPS and the union representing 340,000 of the company’s workers broke down early Wednesday morning.
Posted inBusiness
Meta looks to target Twitter with a rival app called Threads
It is billed as a ‘text-based conversation app’ that is linked to Instagram, with the listing teasing a Twitter-like microblogging experience.
Posted inBusiness, Uncategorized
Musk, Zuckerberg lead a $852 billion surge among world’s richest people
2023 has been the best half-year for billionaires since the back half of 2020, when the economy rebounded from a COVID-induced slump.
Posted inBusiness, Uncategorized
Grammys CEO on new AI guidelines: Music that contains AI-created elements is eligible. ‘Period.’
The new Grammy AI protocols were announced three days after Paul McCartney shared that “the last Beatles record” had been composed using artificial intelligence to extract John Lennon’s voice from an old demo.