TurboTax’s owner Intuit Inc. was ordered to pay $141 million to low-income consumers who were deceived into paying TurboTax to file their federal returns, despite being eligible for free, federally supported tax services.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness
U.S. adds a strong 253,000 jobs despite Fed’s rate hikes
The unemployment rate ticked down to 3.4%, matching a 54-year low.
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Posted inBusiness
Vice President Harris meets with CEOs about artificial intelligence risks
Vice President Kamala Harris met with the heads of Google, Microsoft and 2 other companies developing artificial intelligence.
Posted inBusiness, Local & State, News
Mainers will decide whether to replace CMP, Versant with a nonprofit utility
After a 2-hour public hearing on Thursday, a legislative committee sent the referendum question to voters in November.
Posted inBusiness
Wall Street sinks as bank fears flare
Wall Street has been hunting for other possible weak links in the system, which could see a swift exodus of customer deposits as the industry contends with much higher interest rates.
Posted inBusiness, News
Lawmakers mull bill to limit nurse-to-patient ratios in Maine hospitals
The legislation is intended to reduce the patient load for overworked nurses, but hospital officials say the bill would do nothing to address a shortage of clinicians.
Posted inBusiness, Local & State, Morning Sentinel
Plans underway to rebuild after fire destroyed buildings in downtown Waterville
Construction could begin as soon as this fall on a new structure to replace the buildings that housed The Last Unicorn restaurant, which were destroyed by fire April 23.
Posted inBusiness
Mexican brand counterfeiting reaches new heights: Coca-Cola
A raid at a Mexico City property found thousands of bottles bearing the Coca-Cola brand, some filled with what prosecutors called ‘supposed’ cola.
Posted inBusiness
The banking crisis isn’t over. But how bad will it get?
Markets do not appear to have been reassured by prominent names in finance who say instability in the banking sector ended with the takeover Monday of First Republic Bank, the third bank failure in short order.
Posted inBusiness, Uncategorized
Debt limit deadline looms as Democrats, GOP spar on spending
Senate Democrats are trying hard to pressure Republicans into resolving the menacing impasse on the nation’s debt ceiling. Meanwhile, the White House insisted anew Thursday that the onus is on Republicans in Congress to raise the debt limit.