A landmark settlement in the nation’s opioid epidemic is forcing the owners of OxyContin maker Purdue Pharma to give up the company and pay out $4.5 billion.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness
Farmington residents worry about ‘housing crisis’
Due to the pandemic and an influx of out-of-state workers, it’s harder than ever to find housing in Farmington.
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Posted inBusiness, Maine
Portland’s ImmuCell targeted by New York law firm over FDA setback
The law firm issued a solicitation for plaintiffs after some bad news about a product under development caused the company’s stock price to drop.
Posted inBusiness, Kennebec Journal, Maine
After rebranding, Ciccarelli’s Gelateria no longer for sale in Hallowell
The business is owned by Michelangelo and Elizabeth Ciccarelli of Farmingdale. Before they purchased the 153 Water St. building last October, it was known by many in Hallowell as Boynton’s Market for 84 years.
Posted inBusiness, Nation & World
Electric boats are making waves without the noise
The electric engines are noiseless, odorless and smokeless, so there’s no more yelling at each other while onboard or leaving a layer of smoke in your wake.
Posted inBusiness
Construction industry fights to recruit more women amid chronic labor shortage
About 700 tradeswomen in the U.S. and Canada are participating in ‘Lean In’ circles to learn how to navigate bias and harassment on construction sites.
Posted inBusiness, Maine, News
Thousands of Mainers set to lose federal unemployment aid as of Saturday
As many as 22,400 Maine workers could lose benefits when federal programs established in March 2020 under the federal CARES Act expire.
Posted inBusiness, Nation & World
GM, Ford halt some production as chip shortage worsens
The cuts will compound an already short supply of cars, trucks and SUVs on dealer lots nationwide that have pushed prices to record levels.
Posted inBusiness, Nation & World, News
U.S. jobless claims reach a pandemic low as hiring strengthens
Although the job market is steadily rebounding, a resurgence of cases tied to the highly contagious delta variant has clouded the economic outlook.
Posted inBusiness, Health, Maine, News
Three Maine nursing homes announced closures this week, and more appear imminent
Staffing shortages are driving the closures, but other reasons, such as workers’ reluctance to get the COVID-19 vaccine, have contributed, health officials say.