A foreign government’s ownership stake in a utility is complicated, and some experts say it doesn’t matter anyway because ownership of a regulated utility doesn’t translate into governance.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, News
Rite Aid’s bankruptcy plan stirs worries of new ‘pharmacy deserts’
Rite Aid’s plan to close more stores as part of its bankruptcy process raises concern about how that might hurt access to medicine and care.
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Posted inBusiness, News
These 5 toys are regular finalists for Hall of Fame honors. Now fans can vote one in
The National Toy Hall of Fame is celebrating its 25th anniversary with more public participation in the induction process.
Posted inBusiness, Election 2023, Politics
Conservation Law Foundation opposes public power measure
The New England environmental group’s stance on the controversial Pine Tree Power ballot initiative differs from that of 2 other well-known conservation groups.
Posted inBusiness, Maine
Baristas at Coffee by Design plan to form a union
Tuesday’s announcement would affect staff at the Maine-based company’s three coffeehouses in Portland.
Posted inBusiness, Maine
Maine to receive $30,000 from mortgage processing snafu
ACI Payments mistakenly withdrew billons of dollars from mortgage holders during a software test.
Posted inBusiness, Nation & World, News
U.S. economic data keep coming in stronger and defying forecasts
Robust consumer demand, in the aftermath of September data showing stubborn inflation and surging job growth, risks prompting the Federal Reserve to raise interest rates again.
Posted inBusiness, Nation & World, New England
Reese’s $25,000 promotion may violate sweepstakes laws
‘As with all of our promotions, we place great care and diligence to ensure they are compliant with all regulations,’ Hershey Co., that Pennsylvania candymaker that owns the Reese’s brand, said in a statement.
Posted inBusiness, Nation & World
Wall Street rises, and oil and gold fall as some of last week’s moves unwind
U.S. stocks rallied as some of last week’s moves driven by worries about war in the Middle East unwound.
Posted inBusiness, Maine, News
Canadian company makes 2nd bid for zinc mine near Katahdin
Wolfden Chase Mtn. LLC says that Pickett Mountain has the country’s largest undeveloped reserves of a type of ore that contains high-grade zinc and smaller but still commercially valuable amounts of copper, lead, silver and gold.