The reorganization plan calls for contributing up to $786 million in cash and property to a fund for claimants of child sexual abuse.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Russian tycoon’s charges unsealed in Giuliani-linked case
He was secretly charged in a New York court in 2020 with making illegal political donations.
Once a powerful symbol in Russia, McDonald’s withdraws
The chain temporarily closes about 850 stores in response to the invasion of Ukraine.
Israel grapples with fate of oligarchs
It’s caught between maintaining its status as a haven for any Jew without enabling Russian tycoons to evade sanctions.
Legislature moving to curb ‘dark store theory’ tax assessments
The challenges to assessments of large retail operations can cost communities million in property tax collections.
Manchin opposition imperils Biden’s Fed nominee
Sarah Bloom Raskin would need to pick up a Republican vote to win Senate approval.
Home entertainment ballooned in 2021, report says
The digital surge came as the pandemic battered the global box office.
Stocks mostly lose; oil slides toward $100; bond yields rise
The Fed is expected to raise its key short-term interest rate by a quarter of a percentage point Wednesday.
CMP parent Avangrid accused of suing customers in Connecticut over unpaid bills
Maine officials said Monday that they were unaware of any similar actions being taken by Maine utilities, and CMP said it isn’t suing any customers.
Sap running, if slowly, as central Maine maple producers expect flow to rise with temperatures
Taps are out now, collecting sap to boil down into maple syrup, as back-and-forth weather has slowed maple sugaring slightly.