The case arose out of a failed plan to build a biotechnology plant in northern Vermont using millions of foreign investors’ money raised through the EB-5 visa program.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
Stocks end the week higher as jobs report calms Fed fears
Technology stocks were the biggest gainers and did the most to drive the broader market higher.
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Posted inBusiness, Nation & World
Climate policy is for elected officials to set, Fed chairman says
But Jerome Powell says the central bank can help assess risks to banks from climate change.
Posted inBusiness, Nation & World
Most California workers to stay masked under revised rules
Employees will soon be able to skip masks in the workplace, but only if every employee in the room is fully vaccinated against COVID-19.
Posted inBusiness, Maine, News, Politics
Mills submits plan to Legislature for spending $1 billion in federal relief
Lawmakers are under the gun to review the Mills administration’s plan for spending $997.5 million from the American Rescue Plan, with less than two weeks left in the session.
Posted inBusiness, Maine, Morning Sentinel
Belgrade bookstore withstands first year during pandemic, looks to grow
Oliver & Friends Bookshop and Reading Room in Belgrade Lakes Village is holding a one-year celebration Saturday.
Posted inBusiness, Maine
Turnpike authority delays opening of new York toll plaza until September
Replacing the Maine Turnpike’s busiest toll plaza has been in the works since 2018, and was supposed to be completed this month.
Posted inBusiness, Maine, News, Politics
Committee recommends energy and utility attorney nominated to the PUC
Patrick Scully represented a range of companies and industries before the Maine Public Utilities Commission, a record of experience that was problematic for Republicans.
Posted inBusiness, Nation & World, News
U.S. businesses struggle to fill jobs even as hiring picks up
Employers added 559,000 jobs last month, but the gain fell well short of their need for labor.
Posted inBusiness, Maine
Plan for paid family medical leave moves forward in Maine
The proposal would create a commission tasked with studying the best way to implement a medical leave policy.