The prosecutor calls the Tenants Harbor woman – who stole more than $1 million from three, elderly incapacitated clients – ‘the Bernie Madoff of Maine.’
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine, News, Politics
Two Maine veterans homes on track for closure despite bill
Public officials and veterans organizations in the state have opposed the closure of the facilities in Machias and Caribou.
advertisement
Posted inBusiness, Nation & World
Ukrainian drone enthusiasts sign up to repel Russian forces
Unlike the much larger Turkish-built combat drones that Ukraine has in its arsenal, off-the-shelf consumer drones aren’t much use as weapons – but they can be powerful reconnaissance tools.
Posted inBusiness, Nation & World
Stocks tumble as war overshadows ‘fantastic’ U.S. jobs data
Treasury yields sank again as investors moved money into U.S. government bonds in search of safety.
Posted inBusiness, Maine
Maine businesses make few changes despite end of CDC mask advisory
Most retailers in the state already had dropped masking requirements for customers, and some had done so for public-facing workers.
Posted inBusiness, Nation & World, News
Russia’s invasion of Ukraine leaves global trade in tatters
Companies from Apple and Nike to major shippers like Maersk are abandoning Russia, whose extensive trade ties with the West have been all but severed.
Posted inBusiness, Nation & World, News
Strong job growth in February points to COVID’s fading grip on economy
Employers added a robust 678,000 jobs, the largest monthly total since July, and the unemployment rate dropped to 3.8% from 4% in January.
Posted inBusiness
Wheat, corn prices surge amid Russia’s invasion of Ukraine
Inflation is already at a four-decade high in the U.S., partly driven by rising food costs.
Posted inBusiness
Federal Reserve chair: Russia’s war on Ukraine will worsen inflation
Jerome Powell warned that Russia’s invasion has already driven up oil prices.
Posted inBusiness
Russia’s war spurs corporate exodus, exposes business risks
Russia’s invasion of Ukraine has thrown business plans into disarray and forced a growing number of the world’s best known brands to pull out of a country that’s become a global outcast.