CEO Ugur Sahin says waiving patents won’t ease supply shortages.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine, News
Navy chief says BIW on track for increased ship production
Chief of Naval Operations Adm. Mike Gilday said Bath Iron Works is on track to build two ships per year.
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Posted inBusiness, Maine
Maine lawmakers to consider competing recycling reform bills
Two bills have been submitted to create a program to improve recycling and refund municipalities, but the sides are far apart on how those goals should be achieved.
Posted inBusiness, Nation & World
Treasury to start paying out $350 billion in state, local aid
Governments may not use the money to cut taxes, pay debt or bolster reserve funds.
Posted inBusiness
Amazon blocked 10 billion listings in counterfeit crackdown
The company destroyed 2 million counterfeit products sent to its warehouses last year before they could be sold.
Posted inBusiness, Nation & World
AGs urge Facebook to drop ‘Instagram for kids’ proposal
Attorneys general from across the U.S. have written to Facebook CEO Mark Zuckerberg urging him to drop company plans for a version of Instagram for children under 13.
Posted inBusiness, Nation & World
Fuel oil supplies on East Coast face disruption after pipeline cyberextortion attempt
The Colonial Pipeline transports gasoline and other fuel through 10 states from Texas to New Jersey, delivering roughly 45% of fuel consumed on the East Coast, according to the company.
Posted inBusiness, Maine
Maine moves to future-proof taxpayer-funded broadband by raising standards
Some people argue that current standards should stay in place until underserved areas are connected but others say faster speeds are needed now.
Posted inBusiness, Food & Dining, Things to Do
Eat on the street – or in a parking spot – in these southern Maine cities
Portland and Westbrook have closed off sections of streets, while Biddeford and South Portland are making use of parking areas for outdoor dining.
Posted inBusiness, Nation & World
Cyberattack on U.S. pipeline linked to criminal gang
DarkSide claims it doesn’t attack hospitals, educational or government targets and that it donates a portion of its take to charity.