The lobbying and political activities of Scientific Games in the 1980s were key to the creation of many state lotteries, an investigative report finds.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Kennebec Journal, Maine
Kenney Awards celebrate the accomplishments of the Kennebec Valley business community
Friday’s celebration marks the 90th anniversary of the Kennebec Valley Chamber of Commerce and honors its members who have achieved both business and personal success.
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Posted inBusiness
Stocks end lower as Wall Street braces for big hike in rates
Wednesday’s discouraging data showed that inflation is not only still very high, it’s getting worse.
Posted inBusiness, Uncategorized
With 207 area code endangered, Maine PUC probes T-Mobile’s numbering practices
At issue is whether the wireless phone company is tying up too many numbers.
Posted inBusiness, Nation & World
Why inflation is so high, and when it might ease
But relief from higher prices might be coming.
Posted inBusiness, Maine, Nation & World
Appeals court reaffirms seasonal ban on lobstering in effort to protect right whales
A federal court had issued a preliminary injunction to halt enforcement of rules that prohibited lobstering in a portion of the Gulf of Maine.
Posted inBusiness, Nation & World, News
U.S. inflation reached a new 40-year high in June of 9.1%
Surging prices for gas, food and rent catapulted U.S. inflation to a new four-decade peak in June, further pressuring households and likely sealing the case for another large interest rate hike.
Posted inBusiness, Maine, News
Falling wholesale prices put squeeze on Maine lobstermen
Prices are about half what they were a year ago and lobstermen face higher costs for everything from fuel to rope, prompting some to cut back on how often they haul their traps.
Posted inBusiness, Nation & World, News
U.S. inflation surged again in June, raising risks for economy
Lower-income and Black and Hispanic Americans have been hit especially hard.
Posted inBusiness, Nation & World, News
U.S., allies aim to cap Russian oil prices to hinder invasion
Leaders of the Group of Seven industrial nations have tentatively agreed to back a cap on the price of Russian oil, the main pillar of the Kremlin’s financial revenue.