The national study gave poor marks to Maine’s two investor-owned electricity companies, and both responded with explanations why.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, News
Pet owners sue Idexx over ‘anticompetitive scheme’ to sell diagnostic tests
The class-action lawsuit accuses the Westbrook maker of animal-health products of locking veterinarians into predatory contracts that inflate prices that are passed on to their clients.
advertisement
Posted inBusiness, Local & State, Morning Sentinel
After stepping away less than a year ago, father and son reclaim ownership of Waterville pizzeria
Steve Kosmidis was enjoying his retirement when he learned that his former restaurant, Waterville House of Pizza, was struggling, so he and his son bought it back and it will reopen under their management Wednesday.
Posted inBusiness, Nation & World
Company starting to recover oil from Kansas pipeline spill
It was the largest spill on the Keystone system since it began operating in 2010 and bigger than 22 previous spills on the system combined.
Posted inBusiness, Nation & World, News
Fusion breakthrough is milestone for climate, clean energy
Proponents hope it could one day produce nearly limitless, carbon-free energy, displacing fossil fuels.
Posted inBusiness, Nation & World, News
A slowdown in U.S. inflation eases some pressure on households
Gas and electricity prices have fallen, but grocery costs continue to be a sore spot.
Posted inBusiness, Nation & World, News
FTX founder charged by U.S. for ‘scheme’ to defraud
The complaint alleges that Sam Bankman-Fried raised more than $1.8 billion from equity investors since May 2019 by promoting the cryptocurrency exchange company as a safe platform for trading assets.
Posted inBusiness, News
Musk’s Twitter dissolves Trust and Safety Council
Elon Musk’s Twitter has dissolved its Trust and Safety Council, the group that addresses hate speech, child exploitation, suicide, self-harm and other problems on the platform.
Posted inBusiness, Nation & World
Former FTX CEO Sam Bankman-Fried arrested in the Bahamas
The former CEO of failed crypto firm FTX Sam Bankman-Fried’s arrest comes just a day before he was due to testify in front of the House Financial Services Committee, along with the company’s current CEO, John Ray III.
Posted inBusiness
Twitter relaunching subscriber service after debacle
The company owned by billionaire Elon Musk has also started granting a new gold-colored check mark to businesses on the platform.