Albertsons owns 19 Shaw’s stores in Maine that are part of a pending $24.6 billion takeover by Kroger.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
Thousands of fake Facebook accounts shut down by Meta were primed to polarize voters ahead of 2024
The accounts sported fake photos, names and locations as a way to appear like everyday American Facebook users weighing in on political issues.
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Posted inBusiness, Nation & World
Drugmaker AbbVie to spend over $10 billion on ImmunoGen to juice its cancer-fighting treatment portfolio
Cheaper versions of the drugmaker’s all-time best seller, Humira, are cutting into its sales.
Posted inBusiness, Nation & World
Federal Reserve’s preferred inflation gauge shows price pressures continuing to cool
It’s the latest sign that price pressures are waning in the face of high interest rates and moderating economic growth.
Posted inBusiness
Pressure builds to eliminate fossil fuel use as oil executive, under fire, takes over climate talks
In an early victory, negotiators unanimously approved a plan to fund a new program to compensate poorer nations for climate change damage.
Posted inBusiness, Nation & World
Some OPEC+ members will cut the oil that they send to the world to try to boost prices
The OPEC oil cartel and allied producers have made another big swipe at propping up lagging crude prices.
Posted inBusiness, Uncategorized
Deutsche Bank was keen to land a ‘whale’ of a client in Trump, documents at his fraud trial show
The bank eagerly cultivated a relationship that grew from $13,000 worth of revenue to $6 million in two years.
Posted inBusiness, Maine, News
Lincolnville-Islesboro ferry terminals to get $7.1 million upgrade
Built in 1959, the terminals must be modernized to accommodate a new hybrid-electric ferry expected in 2027.
Posted inBusiness, Maine, Politics
Documents reveal NextEra’s hidden efforts to oppose transmission line corridor
The documents released by the Maine ethics commission detail the energy company’s funding of the Stop the Corridor group and how a Virginia consultant working for NextEra funneled money to the Maine Democratic Party.
Posted inBusiness, Kennebec Journal, Maine, Morning Sentinel
Augusta Downtown Alliance seeks new executive director as leader exits for Waterville job
Michael Hall is leaving the Augusta Downtown Alliance after nearly eight years to become communuity development specialist for the city of Waterville, where among other things he’ll focus on developing upper-floor housing in the city’s downtown.