A raid at a Mexico City property found thousands of bottles bearing the Coca-Cola brand, some filled with what prosecutors called ‘supposed’ cola.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness
The banking crisis isn’t over. But how bad will it get?
Markets do not appear to have been reassured by prominent names in finance who say instability in the banking sector ended with the takeover Monday of First Republic Bank, the third bank failure in short order.
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Posted inBusiness, Uncategorized
Debt limit deadline looms as Democrats, GOP spar on spending
Senate Democrats are trying hard to pressure Republicans into resolving the menacing impasse on the nation’s debt ceiling. Meanwhile, the White House insisted anew Thursday that the onus is on Republicans in Congress to raise the debt limit.
Posted inBusiness, New England, News
Explosion rips roof off Massachusetts pharmaceutical plant; worker killed
Authorities said there was no threat to the local population or to homes near the Newburyport building, but fire officials told employees who work in the industrial park where the facility lies to stay away.
Posted inBusiness, Maine, News
Train track in Belgrade washed out as state, railroads repair storm damage
Sunday’s storm, which dumped up to 5 inches of rain in central Maine, has caused washouts and other damage to tracks across the state.
Posted inBusiness, Maine, News, Politics
Secretary of state issues reworded power referendum question
Shenna Bellows’ revision came after courts took issue with the use of the term ‘quasi-governmental’ in the original wording of the referendum question.
Posted inBusiness, Maine, News
Maine bottle redemption centers set to earn more after emergency bill passes
The Legislature overwhelmingly approved a bill that would increase the fee redemption centers earn for participating in the state’s bottle redemption program.
Posted inBusiness, Nation & World, News
Scientists warn of AI dangers but don’t agree on solutions
The White House has called in the CEOs of Google, Microsoft, and ChatGPT-maker OpenAI to meet with the vice president on how to mitigate both the near-term and long-term risks of their technology.
Posted inBusiness
Facebook misled parents, failed to guard kids’ privacy, regulators say
The Federal Trade Commission proposes sweeping changes to a 2020 privacy order with Facebook that would prohibit it from profiting from data it collects on users under 18.
Posted inBusiness
How a Fed increase could affect credit card debt, auto loans
Rates on credit cards, mortgages and auto loans all stand to rise even more.