The former CEO of failed crypto firm FTX Sam Bankman-Fried’s arrest comes just a day before he was due to testify in front of the House Financial Services Committee, along with the company’s current CEO, John Ray III.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness
Twitter relaunching subscriber service after debacle
The company owned by billionaire Elon Musk has also started granting a new gold-colored check mark to businesses on the platform.
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Posted inBusiness, Maine, Morning Sentinel
Parking dispute erupts at Railroad Square complex, prompting Waterville restaurant to seek new home
Buen Apetito, a popular eatery that has been in the Railroad Square complex off Chaplin Street for 20 years, is looking for another location following problems with parking and other matters.
Posted inBusiness, Maine Cannabis Report, Nation & World
Crackdown on cashless ATMs leaves cannabis stores scrambling
Many businesses have been using the method to get around credit card companies’ block on marijuana transactions.
Posted inBusiness, Word on the Street
Freedom General Store closing down
The Waldo County store plans to sell off its inventory with 50% reduced prices before closing down, according to a Facebook post.
Posted inBusiness, Maine
Nursing home services may be consolidated at new, higher-cost facility in Damariscotta
Clippership Landing could help LincolnHealth stem years of financial losses at two existing long-term care sites. But the project comes with trade-offs, too.
Posted inBusiness, Nation & World
Shoppers, workers clash over post-pandemic expectations
Before the pandemic, consumers had gotten accustomed to instant gratification: packages and groceries delivered to their doorstep in less than an hour, stores that stayed open around the clock to serve their every need.
Posted inBusiness, Maine, New England, News, Uncategorized
Future of Aroostook clean energy project may hinge on Massachusetts
Before a multibillion-dollar transmission line and wind farm are built in northern Maine, officials in Massachusetts must determine if the project will benefit that state’s residents.
Posted inBusiness, Nation & World, Politics
U.S. House advances giant Texas storm surge project in water bill
It includes authorization for a $34 billion plan to protect residents and the petrochemical industry near Galveston and Houston.
Posted inBusiness, Community
Health care organizations announce plans to merger
The Maine Medical Education Trust and the Daniel Hanley Center for Health Leadership announced plans Dec. 5 for a merger, effective Jan. 1. The Hanley Center is Maine’s premier health leadership development organization with more than 20 years of experience in the field. The mission of the Hanley Center is to inspire and grow collaborative […]