Cryptocurrency tycoons are emerging as new power players in American politics.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine
South Portland’s Dead River Co. announces leadership change
The propane and heating oil provider said Thursday that its president and CEO, Deanna Sherman, will retire at the end of June.
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Posted inBusiness, Nation & World, News
Parents swap, sell baby formula as Biden plans to talk to businesses
The problem is the result of supply chain disruptions and a safety recall, and has had a cascade of effect.
Posted inBusiness, Maine, Nation & World, New England
U.S. fishing haul fell 10% during first pandemic year
Some of the largest value seafood species were once again New England staples, such as lobster, a fishery anchored in Maine, and sea scallops, many of which come to the docks in Massachusetts.
Posted inBusiness, Nation & World
Report: Trump officials, meat companies knew workers at risk
Meat processors lobbied hard to keep their plants open during the pandemic, winning relaxed health rules and designation by Trump as critical infrastructure.
Posted inBusiness, Nation & World
Biden cancels offshore oil lease sales in Gulf Coast, Alaska
Meanwhile, a federal appeals court is considering a challenge to a moratorium on new federal leasing that Biden imposed soon after taking office.
Posted inBusiness, Nation & World
Slightly more Americans sought jobless aid last week
The total number of Americans collecting unemployment benefits remained at its lowest level in more than five decades.
Posted inBusiness, Nation & World
Trump sells Washington hotel to Miami-based investor group
The new owners plan to remove the Trump name from the facade and rebrand the hotel to a Waldorf Astoria.
Posted inBusiness, Nation & World
Democrats seek criminal charges against Trump Interior chief
The House Natural Resources Committee says David Bernhardt pushed for approval of an Arizona housing development, which won its permit in the same month the developer made a $10,000 donation to the Trump Victory Fund.
Posted inBusiness, Nation & World
U.S. casinos had best month ever in March, winning $5.3 billion
The casinos collectively also had their best first quarter ever, falling just short of the $14.35 billion they won from gamblers in the fourth quarter of last year.