The activity is fueled by a rise in organized crime that is forcing small businesses and individuals to take additional safety measures or to avoid sending checks through the mail altogether.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine, News
Rate hike approvals add to rising bills for CMP, Versant customers
The PUC approved an increase tied to renewable energy policies that will combine with a previous rate hike to raise an average CMP customer’s bill by more than $10 a month beginning July 1.
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Posted inBusiness, Food & Dining, Maine
Rosemont Market & Bakery names new CEO
Grocery industry veteran Mark Law is taking over operations from John Naylor, who has led the company since its founding in 2005 and will remain involved in a leadership role.
Posted inBusiness, Nation & World, News
U.S. inflation slows, giving room for Fed to pause rate hikes
The Fed will likely announce that it’s skipping a rate hike but may resume raising rates as soon as July.
Posted inBusiness, Nation & World, News
PacifiCorp may face billions after jury verdict in Oregon wildfires
The Labor Day 2020 blaze killed nine people and destroyed over 1,875 square miles.
Posted inBusiness
S&P 500 hits highest level in over year
The U.S. stock market is cruising on hopes the economy may avoid a recession and the Fed may soon take it easier on its hikes.
Posted inBusiness, Maine, News
Farmers whose lands were polluted urge state to disburse PFAS relief funds
The state may begin distributing $60 million in relief funding this summer.
Posted inBusiness, Nation & World, News
JPMorgan reaches settlement with victims of Jeffrey Epstein
Epstein was arrested in 2019 on federal charges accusing him of paying underage girls hundreds of dollars in cash for massages and then molesting them at his homes in Florida and New York.
Posted inBusiness, Maine, News
New data suggests Maine bankruptcies are on their way back up
If the current level of filings continues through the end of 2023, Maine’s bankruptcy rate would increase for the first time in over a decade.
Posted inBusiness, Health, News
Science may be creating a new market for Maine’s medical marijuana
Researchers are looking at new therapeutic uses for the plant, and the state is poised to profit.