Claims about its blood-testing technology helped Theranos raise nearly $1 billion before the company collapsed.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, New England
Derelict lobster traps in Long Island Sound will be removed
The area’s $12 million industry crashed in 1999, fueled in part by a massive die-off.
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Posted inBusiness
Seattle Starbucks unionizes in coffee giant’s home city
Meanwhile, Howard Schultz returns as interim CEO.
Posted inBusiness, Nation & World
As war imperils wheat, farmers weigh growing more
Ukraine and Russia account for a third of global wheat and barley exports.
Posted inBusiness
Stocks, bonds gain ground on Wall Street
The rise comes a day after Jerome Powell said the Fed is prepared to move more aggressively in raising rates.
Posted inBusiness, Nation & World
Disney finds itself in balancing act with walkouts
On one side are LGBTQ advocates; on the other are politicians who accuse the company of bending to cancel culture.
Posted inBusiness, Maine
Maine to launch ‘peer navigator’ program for job seekers
The Department of Labor will contract with five nonprofits to connect residents with training, education, employment and other resources.
Posted inBusiness, Nation & World, News
MacKenzie Scott donates $436 million to Habitat for Humanity
It is the largest publicly disclosed donation from the billionaire philanthropist since she pledged in 2019 to give away the majority of her wealth.
Posted inBusiness, Maine
Maine businesses pitching in to support Ukraine
The Retail Association of Maine is seeking donations from its members and the public, L.L. Bean is sending $300,000 in money and goods, and One Longfellow Square is holding a benefit concert.
Posted inBusiness, Nation & World
Even before gas price spiked, communities across U.S. planned electric car charging stations
In Maine, Portland recently entered into a 10-year deal with a firm to install, operate and maintain over 40 of them on public property.