Talks are picking up between state utility regulators, the Public Advocate and developer of offshore wind as they try to figure out how to price the zero-carbon source of energy.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
Giuliani agrees to deal ending his bankruptcy case, pay creditors’ financial adviser $400,000
Creditors include former Georgia election workers Ruby Freeman and Wandrea Moss, who won a $148 million defamation judgment against Giuliani for his false ballot fraud claims against them related to the 2020 election.
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Posted inBusiness, Nation & World, News
McDonald’s says $5 meal is starting to reverse traffic slump
The chain’s U.S. President said on an earnings call Monday that the number of $5 meal deals sold was above expectations.
Posted inBusiness, Election 2024, Nation & World, News
United Auto Workers endorses Harris, giving her blue-collar firepower in industrial states
UAW President Shawn Fain said in a statement that the union’s ‘job in this year’s election was to defeat Trump.
Posted inBusiness, Nation & World, News
U.S. oil and gas must cut methane 80% to meet industry targets, new data shows
On average, data collected from the Environmental Defense Fund shows around 1.6% of gross gas production is released as methane into the atmosphere.
Posted inBusiness, Nation & World, News
U.S. weighs new restrictions on China’s access to AI memory chips
The new restrictions are likely to be unveiled as soon as late August as part of a broader package that also includes sanctions against more than 120 Chinese firms.
Posted inBusiness, Nation & World, News
Federal Reserve says September interest rate cut could be ‘on the table’ as inflation cools
The Fed is seeking to strike a delicate balance: It wants to keep rates high enough for long enough to quell inflation, but also wants to avoid keeping borrowing costs so high that it triggers a recession.
Posted inBusiness, Maine, Morning Sentinel, News
Vassalboro approves Sidereal Farm Brewery expansion
The town’s Board of Appeals struck down neighbors’ challenge to the brewery owners’ plan to build outdoor seating, extend their hours and increase capacity.
Posted inBusiness, Nation & World
Stores lure back-to-school shoppers with deals and ‘buy now, pay later’ plans
Many appreciate the flexibility, but consumer advocates have expressed concerns that the growth of the payment method may ultimately leave Americans in more debt.
Posted inBusiness, Life & Culture, Nation & World
How 2 Syrians in Rome are using hummus to aid war refugees and help migrants integrate
Shaza Saker and Joumana Farho have turned their small business into a support network, all while gaining a foothold in the capital city’s gastronomic scene.