They are accused of using the money to buy boats, new businesses and luxury items.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News
Amazon’s $1.7 billion deal to buy iRobot gets U.K. approval
The acquisition still faces a review in the U.S. and is under scrutiny by the European Union.
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Posted inBusiness, Nation & World, News
SeaWorld opens orca-free park in United Arab Emirates
Scrutiny of the theme park peaked after the release of the 2013 documentary ‘Blackfish.’
Posted inBusiness
Wall Street’s best week since March comes to quiet close
A closely watched survey suggests consumers are paring back their expectations for upcoming inflation.
Posted inArts & Entertainment, Business, Nation & World, News
Live Nation, SeatGeek say you’ll see true costs up front as Biden pushes to end hidden junk fees
The consumer advocacy push is part of his pitch to voters in his 2024 reelection bid.
Posted inBusiness, Nation & World, News
UPS Teamsters vote to authorize strike if contract deal isn’t reached
With more than 340,000 members at the company, the union has the largest private collective bargaining agreement in North America.
Posted inBusiness, News
Federal ruling in controversial whale lawsuit gives big win to Maine lobster industry
The ruling vacates a biology-based decision – the government’s 10-year plan to reduce the risk posed by fishing gear to endangered North Atlantic right whales.
Posted inBusiness, Maine, News
Maine House OKs bill to hike vehicle inspection fees
The legislation would increase the fee from $12.50 to $20 in most parts of the state to pay for a modernized electronic system that police believe will reduce fraud. The bill still requires additional votes.
Posted inBusiness, Nation & World
West Coast dockworkers, shippers reach tentative contract agreement
The deal comes after more than a year of negotiations and several work disruptions that snarled shipping traffic at some of the largest ports.
Posted inBusiness, New England
Northeast vineyards, orchards seek federal aid in wake of devastating late frost
Higher prices are expected for apples this year and certain wines may be in shorter supply next year.