The settlement agreement still needs approval from a federal judge in Bangor.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine
Press Herald executive editor to retire after 45-year journalism career
Cliff Schechtman, who has been with the paper since 2011, will be replaced by Managing Editor Steve Greenlee.
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Posted inBusiness, Nation & World
One in 4 companies nationwide have instituted vaccine mandate since Biden order
Biden’s Sept. 9 directive has sent employers scrambling to come up with plans to adhere to the new rules.
Posted inBusiness, Health, Maine, News
Maine pharmacists flag ivermectin prescriptions from people seeking drug for COVID-19
The drug is intended to target infections caused by some parasitic worms in humans and animals, but many are seeking prescriptions because they believe it can ward off or treat COVID-19.
Posted inBusiness, Nation & World
Senators accuse Facebook of concealing findings that Instagram can harm teens
Revelations in a report by The Wall Street Journal have set off a wave of anger from lawmakers, critics of Big Tech, child-development experts and parents.
Posted inBusiness, Nation & World
S&P 500 fell 4.8% in September, worst month since March 2020
The Dow Jones Industrial Average fell 546.80 points, while the Nasdaq slid 63.86 points.
Posted inBusiness
Former DeCoster Egg Farm closes 1 plant, lays off workers in Turner
It was unclear Thursday how many employees, and chickens, were left at the Hillandale Farms facility on Plains Road.
Posted inBusiness, Nation & World
Dubai opens Expo 2020 to a world still reeling from pandemic
More than 190 countries are taking part in the world’s fair, which was delayed a year by the virus and will last six months.
Posted inBusiness, Nation & World
Gunmaker Smith & Wesson moving headquarters to Tennessee
With the move, the company will go from 4 to 3 locations, with no effect on the facility in Houlton, Maine.
Posted inBusiness, Nation & World
Surging natural gas prices may squeeze consumers this winter
Demand for fuel has accelerated as economies have recovered from the damage caused by the pandemic.