From a start in a Milan orphanage, he went on to become one of Italy’s richest industrialists.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
Russian superyacht seized by U.S. arrives in San Diego Bay
The 348-foot-long Amadea flies an American flag as its journey of over 5,000 miles ends.
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Posted inBusiness
Wall Street ends mixed after day of wavering up and down
The market’s uneven finish comes after stocks closed out last week with solid gains.
Posted inBusiness, Nation & World
Zelensky tells G-7 summit that Ukraine forces face urgent moment
Leaders of the world’s major economies are preparing to pursue a price cap on Russian oil, raise tariffs on Russian goods and impose other new sanctions.
Posted inBusiness, Nation & World, News
Russia defaults on loans for first time in a century as sanctions muddy next steps
Given the damage already done to the economy and markets, the default is mostly symbolic for now.
Posted inBusiness, Nation & World, News
Supreme Court sides with doctors convicted in pain pill schemes
Justice Stephen Breyer wrote that prosecutors must prove that doctors knew they were illegally prescribing powerful pain drugs in violation of the federal Controlled Substances Act.
Posted inBusiness, Maine Cannabis Report, Sports
Major League Baseball allows teams to sell CBD sponsorships
An outside group will certify companies to ensure their products don’t contain THC, the pyschoactive compound in marijuana.
Posted inBusiness, Maine
Maine homebuyers are skipping the inspection. Experts say it’s a risky move.
The practice has become increasingly common as prospective purchasers, frustrated by the state’s red hot real estate market, are doing whatever they can to put in the winning bid.
Posted inBusiness
Did corporate greed fuel inflation? It’s not biggest culprit
Most economists say corporate price gouging is, at most, one of many causes of runaway inflation – and not the primary one.
Posted inBusiness, Maine
Maine’s marijuana industry booming no thanks to banks
Owners must use cash and other workarounds as a reluctant financial industry worries about federal retribution