A federal judge in September approved the company’s $76 million bid to buy Jay Peak Resort in Vermont after it won an auction for the ski area.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine, News
With federal deadline just 6 months away, more Mainers are looking for a Real ID
Starting in May, a standard Maine driver’s license won’t be accepted at airport security gates. The state is bracing for a flood of applications for the new federally compliant identification.
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Posted inBusiness, Nation & World, News
USDA says more than $200 million will help meat processors expand
The Agriculture Department has announced more than $223 million in grants and loans to help small- and mid-sized meat processing plants.
Posted inBusiness, Health, Nation & World, News
CVS, Walgreens announce opioid settlements totaling $10 billion
The big question now is how their money will be used and whether it will make a difference in fighting an addiction crisis that has only intensified.
Posted inBusiness, Nation & World, News
People banned from Twitter won’t be restored for weeks, Musk says
Elon Musk says Twitter will not allow anyone who has been kicked off the site to return until it sets up procedures on how to do that — a process that will take at least a few weeks.
Posted inBusiness, Nation & World, News
Fed unleashes another big interest rate hike but hints at a pullback
It is the central bank’s 6th rate hike this year – a streak that has made mortgages and other consumer and business loans increasingly expensive and heightened the risk of a recession.
Posted inBusiness, Nation & World, News
On election eve, the state of the U.S. economy is a blurry one
From certain angles, the nation’s economic picture looks like a healthy one, but it’s being photo-bombed by an unsightly intruder: Chronically high inflation.
Posted inBusiness, Nation & World, News
Executive testifies how Trump Organization changed pay practices post-election
The company, which for years lavished perks on some top executives, now stands accused of helping them avoid income taxes on those extras, including a Manhattan apartment and luxury cars.
Posted inBusiness, Nation & World, News
As housing prices surge, rent control is back on the ballot nationwide
Supporters say rent control policies on the Nov. 8 ballot are the best short-term option to dampen rising rents and ensure vulnerable residents remain housed.
Posted inBusiness, Nation & World, News
Job openings hit 10.7 million despite Fed attempts to cool economy
U.S. job openings rose unexpectedly in September, suggesting that the American labor market is not cooling as fast as the Federal Reserve hoped.