Backers of Pine Tree Power tout lower rates at customer-owned utilities, but comparing those rates with investor-owned utilities is complicated.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness
FTX sues Sam Bankman-Fried’s parents, says they enriched themselves with company funds
Allan Joseph Bankman and Barbara Fried are accused of using company money to buy a home in the Bahamas and that they played a key role in the firm’s ‘gross mismanagement.’
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Posted inBusiness, Nation & World, News
Auto workers threaten to expand targeted strike if no progress by Friday
So far the strike is limited to about 13,000 workers at a Ford assembly plant in Michigan, a GM factory in Missouri and a Stellantis plant in Ohio.
Posted inBusiness, New England
Family says 14-year-old discovered iPhone taped to back of toilet seat on flight to Boston
American Airlines said in a statement after the incident that officials at the airline ‘take this matter very seriously and are fully cooperating with law enforcement in their investigation.’
Posted inBusiness, Nation & World, News
A resurgence of American unions is being led by a new breed of labor leaders. Who are they?
From picket lines in Hollywood to walkouts against Detroit automakers, it’s already been a big year for labor organizing – and behind several major showdowns with enormous companies are some of America’s largest unions.
Posted inBusiness, Nation & World, News
Carmakers and the United Auto Workers are talking, but there’s no signs of a deal to end the strike
The union’s strategy hinges on its ability to escalate the strike quickly, and the carmakers are warning of potential layoffs as the limited strike reduces the amount of material needed at plants that remain open.
Posted inBusiness, Health, Nation & World, News
Norfolk Southern announces details of plan to pay for lost home values because of Ohio derailment
The railroad estimates that the cleanup will cost more than $800 million, which includes $74 million that Norfolk Southern has pledged to help East Palestine recover.
Posted inBusiness, Nation & World, News
Benjamin Netanyahu, Elon Musk talk about about antisemitism on X, artificial intelligence
The Israeli prime minister said controlling more-advanced AI must start by getting like-minded states to agree to a code of ethics and conduct.
Posted inBusiness, Health, Maine, News
Changes are coming to Maine’s $300 million medical cannabis industry
Medical cannabis growers could face increased regulations as adult-use sales start to match medical.
Posted inBusiness, Nation & World, News
UAW justifies wage demands by pointing to CEO pay raises. So how high were they?
UAW President Shawn Fain has repeatedly said executive pay has risen by 40% in four years, contrasting it with the 6% raises autoworkers have received in the same time.