At the heart of the case is a dispute over a credit-scoring algorithm that plaintiffs say disparately impacted minority applicants.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News
U.S. expands Russia sanctions to target Arctic natural gas projects, semiconductor chips
The move comes as President Biden prepares to join Group of Seven leaders for a summit in Italy, where one of their top concerns will be securing new ways to bolster aid to Ukraine and further constrain Russia.
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Posted inBusiness, Local & State
Maine to add high-speed EV charging stations at 17 locations
The state is spending about $8.6 million to expand fast-charging EV stations throughout the state, extending the network to more rural areas to reduce range anxiety and make long-distance trips viable in an EV.
Posted inBusiness, Nation & World, News
Federal Reserve sees progress on inflation but envisions just 1 rate cut this year
The policymakers said the economy is growing at a solid pace, while hiring has ‘remained strong’ and there has been ‘modest’ further progress toward its 2% inflation target.
Posted inBusiness, Local & State, News
CMP bills to rise at least $10 a month; destructive storms blamed
State regulators approve the increase to cover the $220 million cost of restoring power after recent storms, and promise a proceeding in the ‘near future’ to consider how to balance storm response with affordability.
Posted inBusiness, Nation & World
A brew of ancient coca is Bolivia’s buzzy new beer. But it’s unclear if the world will buy in
A United Nations convention classifies coca leaf as a narcotic and imposes a blanket prohibition on drugs. However, last fall the World Health Organization announced it would launch a scientific review of coca’s non-narcotic benefits.
Posted inBusiness, Local & State
Maine to receive $4.8 million in multistate baby powder settlement with Johnson & Johnson
The $700 million settlement resolved disputes over deceptive marketing practices by Johnson & Johnson for talcum powder.
Posted inBusiness, Lewiston-Auburn, News
Lewiston Planning Board approves massive Continental Mill redevelopment
The project includes 377 market rate apartments, commercial spaces and restaurant space at the massive mill complex.
Posted inBusiness, Nation & World
Watchdog investigates UAW president, accuses union of being uncooperative
The monitor says the union has made employees and senior leaders available for interviews but hasn’t provided relevant documents in a timely manner.
Posted inBusiness, Nation & World
U.S. gas prices falling. Experts point to mild demand ahead of summer travel
If there are no major unexpected interruptions, prices could keep trending down.