A contractor’s federal lawsuit accuses Avangrid of price-fixing and overpaying for products, while the energy company has accused the contractor of attempted extortion.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
Regulators scrutinize Trump media venture; Rep. Devin Nunes named CEO
The SEC could be looking at whether a blank-check company that aims to take Trump Media & Technology Group public violated the law by holding merger discussions and misleading potential investors by failing to inform them before its recent IPO.
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Posted inBusiness
Big companies look to Senate to ease budget bill’s minimum tax
Some of the largest U.S. corporations are looking for new exemptions from the budget reconciliation bill’s minimum tax on income reported to shareholders, arguing it could depress economic activity, including financing pensions for millions of workers and investing in clean energy projects. Since it became clear in late October that the 15 percent minimum tax […]
Posted inBusiness, Maine Cannabis Report
New Mexico approves public financing for cannabis businesses
The state’s finance authority is planning for a $5 million line of credit for entrepreneurs, with an average loan size of about $100,000.
Posted inBusiness, Maine Cannabis Report, Nation & World
Think legal marijuana is everywhere in California? Think again
It’s true the state has mostly embraced the industry, but local decision making was a big part of its groundbreaking legalization bill, meaning there are lots of highly-populated cities without easy access. Here are the 10 biggest.
Posted inBusiness, Maine Cannabis Report, Nation & World
Marijuana sales taxes poised to buoy states when pandemic aid runs out
State tax revenues from cannabis are forecasted to reach $12 billion by 2030.
Posted inBusiness, Maine
Gas prices drop by a lot in parts of northern New England
Prices in Maine fell 2.9 cents per gallon over the past week, according to GasBuddy, which surveys stations.
Posted inArts & Entertainment, Business
‘Encanto,’ ‘Ghostbusters,’ ‘Gucci’ hang on to top 3 spots
All three films are playing exclusively in theaters.
Posted inBusiness, Maine, Nation & World
CMP parent company countersues former subcontractor, claiming defamation
Avangrid says Paulo Silva is a disgruntled former subcontractor who’s upset his company wasn’t awarded new contracts. Last week, Silva sued Avangrid alleging bid-rigging and racketeering.
Posted inBusiness, Kennebec Journal, Maine, News
Some events returning but pandemic still taking toll on Augusta Civic Center
The delta variant of the coronavirus came along just as bookings were picking up at the city-owned conference center and auditorium.