Prosecutors alleged the three men manipulated an accounting metric to hide growing costs in order to maintain and increase the share price of Austal Limited’s stock, hurt U.S. investors.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News, Uncategorized
Lanterns and crescents: more retailers court Ramadan buyers
For this year’s Muslim holy month of Ramadan, Target rolled out its first dedicated Ramadan and Eid, or feast, collection, including decorations
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Posted inBusiness, Nation & World
EPA approves California rules phasing out diesel trucks
The announcement comes as advocates push for more ambitious tailpipe emissions standards in other states and at the national level.
Posted inBusiness
Stocks rally to cap winning month, quarter
Expectations for an easier Fed help Big Tech, seen as some of the biggest beneficiaries of lower rates.
Posted inBusiness, Nation & World
Medicare, Social Security could fall short over next decade
The annual report further prods lawmakers to address the fragile financial state of the social programs.
Posted inBusiness, Maine, News
Secretary of state OK’s wording for ballot question that could block public utility
If successful, voter approval would be required for a consumer-owned utility, such as one being proposed on the same November ballot, to take on more than $1 billion in debt.
Posted inBusiness, Nation & World, Politics
Dominion defamation case against Fox will go to trial
A jury will decide whether the network aired false claims about the 2020 election with actual malice.
Posted inBusiness
Richard Branson’s Virgin Orbit slashing 85% of its workforce
The satellite launch company is finding funding difficult after a failed mission.
Posted inBusiness, Nation & World, News, Politics, Uncategorized
NYPD braces for protests, possible violence following Trump indictment
Trump was indicted Thursday by a Manhattan grand jury, an unprecedented legal move marking the first criminal charges in U.S. history brought against a former president.
Posted inBusiness, Kennebec Journal, Maine
Winthrop’s van der Brew to continue serving up drinks as new owners take over
The six new owners are set to begin Saturday while founder Kim Vandermeulen will work with them as a consultant. The craft brewery and tasting room officially changes hands this summer.