The Chicago-born son of Polish refugees, he built a fortune in real estate and a hodgepodge of investments that included radio stations, drug stores, parking lots, mattresses, and Schwinn bicycles.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine
Maine committee supports flavored tobacco ban
Supporters say the ban will keep teens from becoming addicted to nicotine, while foes say adults should be able to purchase the products. The House and Senate will vote on the bill in the coming weeks.
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Posted inBusiness, News
With a significant price increase in April, Maine’s housing market may be heating back up
The lack of inventory again hampered sales, but bidding wars are starting to resume and prices rose by more than 6%.
Posted inBusiness, Nation & World, News
Will dashboard AM radio be saved? Bipartisan bill would require automakers to keep it in new cars
The bill’s sponsors note AM radio’s historic role in transmitting vital information during emergencies, such as communication during natural disasters, especially to people in rural areas.
Posted inBusiness, Nation & World, News
Suspect in fatal stabbing of Cash App founder pleads not guilty
The suspect in the fatal stabbing of Cash App founder Bob Lee on the streets of San Francisco has pleaded not guilty to a murder charge
Posted inBusiness, Nation & World, News, Politics
False claims of a stolen election thrive unchecked on Twitter even as Musk promises otherwise
It’s unclear whether Musk and his newly hired chief executive, plan to make changes to Twitter, cracking down on misinformation, which election experts and tech accountability advocates say erodes trust in democracy.
Posted inBusiness, Nation & World, News, Politics
Senator Chuck Schumer: Congress ‘must move quickly’ on artificial intelligence legislation
He expressed concerns about China’s efforts to regulate artificial intelligence, calling that ‘a wake-up call to the nation.’
Posted inBusiness, Nation & World, News
Supreme Court rules for Google, Twitter over liability for content posted by users
The families of victims in both attacks asserted that the internet giants did not do enough to prevent their platforms from being used by extremist groups to radicalize and recruit people.
Posted inBusiness
Elizabeth Holmes ordered to pay massive restitution over fraud
How much her co-accused and former lover Sunny Balwani may be able to pay is unclear.
Posted inBusiness, Nation & World, News
Criminal cases for killing eagles decline as wind turbine dangers grow
There is growing concern that a proliferation of wind turbines to feed the demand for renewable energy is jeopardizing golden eagle populations.