A new study says U.S. ski areas lost $5 billion from 2000 to 2019 as a result of human-caused climate change.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Local & State, News
Maine’s only Macy’s will be spared from nationwide cuts
The department store that anchors The Maine Mall in South Portland will not be among the 150 locations the company plans to close over the next 3 years, officials said.
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Posted inBusiness, Nation & World, News
Apple investors reject call for ethics transparency on company’s AI use
The AFL-CIO investment arm also is pressing other tech and media firms on the issue, including Walt Disney Co., Netflix Inc. and Warner Bros. Discovery Inc.
Posted inBusiness, Nation & World, News
Appellate judge refuses to halt Trump’s $454 million fraud penalty while he appeals
For every day he doesn’t pay, Trump said he’s facing $115,000 in accrued interest on the judgment, which is ‘beyond any permissible or constitutional scope of disgorgement.’
Posted inBusiness, Kennebec Journal, Local & State, News
After December storm forced evacuation of Augusta’s Edwards Inn, city deems building unsafe
The Edwards Inn evacuated tenants after December’s pre-Christmas storm because of extensive damage, and the city has deemed it unsafe for occupancy until repairs are made.
Posted inBusiness, Local & State, Politics
Maine House approves food waste recycling mandate
The bill would require some large producers of food waste to find beneficial uses rather than put it into the waste stream.
Posted inBusiness, Local & State, Morning Sentinel, News
Skowhegan approves Spinning Mill redevelopment loan, mulls a TIF to help get project back on track
The developer of the mixed-use project has said previously that a tax agreement will be the ‘last piece of the puzzle’ to get the development back on track after it suffered severe flooding damage in December.
Posted inBusiness, Nation & World, News
U.S., Philippines pay highest economic price for climate-fueled weather
The 10 countries where floods and storms leave the biggest dent in GDP are identified in a new Swiss Re report.
Posted inBusiness, Nation & World, News
Boeing gets 90-day ultimatum from FAA to fix its safety culture
The deadline follows a blunt assessment this week of shortfalls in Boeing’s safety culture after a yearlong examination by a panel of experts.
Posted inBusiness, Nation & World, News
Bitcoin surges past $60,000 with enthusiasts eyeing record highs
Bitcoin has more than tripled in value since the start of last year, climbing back from a 64% plunge in 2022, in a remarkable comeback from a series of crypto-industry scandals and bankruptcies.