Musk’s latest online pronouncement complicates an already chaotic takeover, potentially one of the largest acquisitions the internet industry has ever seen.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
Stocks end mostly lower, extending losing streak for S&P 500
Technology stocks were among the biggest losers after pushing and pulling the market throughout the day.
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Posted inBusiness, Politics
In U.S., states struggle to replace fossil fuel tax revenue
Energy-producing states have the deepest dependence on fossil fuel income through taxes, royalties and fees.
Posted inBusiness, Nation & World
Six months in, Biden’s infrastructure plan has 4,300 projects
Of the $110 billion announced, $52.5 billion is for federal highway funding and $20.5 billion is for public transit.
Posted inBusiness, Health, Nation & World
U.S. reaches deal to reopen shuttered baby formula plant
The shortage stems from a February recall by Abbott, the nation’s largest formula maker, that closed the company’s Michigan plant over safety concerns.
Posted inBusiness, Maine Cannabis Report
Delaware lawmakers pass cannabis legalization, but governor’s support in doubt
Democrat John Carney has previously spoken against legalizing recreational marijuana. The bill would allow possession of up to one ounce.
Posted inBusiness, Local & State, Maine Cannabis Report, Politics
Maine clarifies marijuana rules to help medical users
Lawmakers unanimously approved a bill that supporters say cuts down on the need for interpretation of some rules.
Posted inBusiness, Nation & World
McDonald’s to sell its 850 restaurants in Russia
McDonald’s says it’s started the process of selling its Russian business, which includes 850 restaurants that employ 62,000 people
Posted inBusiness, Local & State
State environmental staffers back power line permit in advance of postponed board meeting
In recommendations to the Board of Environmental Protection, DEP staff rejected most of the arguments from power line critics. A meeting to discuss the appeals has been delayed due to COVID-19 concerns.
Posted inBusiness, Health, Local & State
L.L. Bean silences the noise of social media for Mental Health Awareness Month
The Freeport-based outdoor retailer has paused its online posting and encouraged followers to spend time outside.