The Trump Organization was accused of being complicit in a scheme by top executives to avoid paying personal income taxes on job perks such as rent-free apartments and luxury cars.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News
North Carolina attack described as ‘wakeup call’ to protect power substations
The governor calls for a thorough assessment of the state’s critical infrastructure, and thousands remain without power after a person or persons shot up 2 substations.
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Posted inBusiness, Nation & World, News
Outgoing Twitter employees launch legal campaign over severance packages, work visas
Outgoing employees say the company has been inordinately slow to provide information about how the payout process will work, and confusion reigns about the ultimate package the company will give people.
Posted inBusiness, Maine, Politics
Negotiations continue over heating and energy aid for Mainers
While details were not released, another round of relief checks and additional rental assistance are being contemplated, along with direct heating and energy assistance.
Posted inBusiness, Maine, News
In Maine and nationwide, Real ID requirement for air travel is delayed – again
The Department of Homeland Security has pushed back the date for requiring federally approved IDs to May 2025.
Posted inBusiness
Stocks slide as strong data suggests Fed has more to do
Investors are also weighing several international developments that could further unsettle a global economy that is already getting burned by stubbornly hot inflation.
Posted inBusiness, Maine Cannabis Report
Connecticut hemp farmers want to be given preference for growing recreational marijuana
Farmers say they’re already struggling with low hemp prices and fear losing out to bigger companies when licenses to grow cannabis become available.
Posted inBusiness, Nation & World, News
U.S. offshore wind power gets jump-start with 1st lease auction
The auction Tuesday is to develop commercial-scale floating wind farms in the deep waters off the West Coast, and similar auctions are in the works off Oregon’s coast next year and in the Gulf of Maine in 2024.
Posted inBusiness, Nation & World, Uncategorized
No OPEC+ oil shakeup as Russian price cap stirs uncertainty
The OPEC oil cartel and allied producers including Russia aren’t changing their targets for shipping oil to the global economy.
Posted inBusiness, Nation & World
Rail workers say deal won’t resolve quality-of-life concerns
The five-year deals include 24% raises and $5,000 in bonuses, but concerns remain about paid sick time and getting a day off.