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Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News
Hit by ransomware attack, world’s largest meat producer says most plants will run Wednesday
JBS SA notified the U.S. of a ransom demand from a criminal organization likely based in Russia, but later said it had made ‘significant progress’ in dealing with the cyberattack.
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Posted inBusiness, Nation & World
Johnson & Johnson to pay $2.1 billion talc award as top court rejects appeal
The company still faces more than 25,000 lawsuits blaming baby powder for causing cancers.
Posted inBusiness, Local & State, News
Turnpike traffic bounced back to near-record levels on Memorial Day weekend
The turnpike authority said toll transactions for the 2021 holiday weekend were up by more than 66% from a year ago.
Posted inBusiness, Nation & World
Pot users welcome: Amazon won’t test jobseekers for cannabis
The company says it will still test workers for other drugs and conduct ‘impairment checks’ on the job.
Posted inBusiness, Local & State, News
Luxury hotel, rooftop bar planned for Portland’s iconic Time & Temperature building
T.T. Maine Ventures proposes 186 hotel rooms, a rooftop bar, meeting and banquet spaces, retail shops and a restaurant at 477 Congress St.
Posted inBusiness, Nation & World, Uncategorized
Biden suspends oil, gas leases in Alaska’s Arctic refuge
The remote, 19.6 million-acre refuge is home to polar bears, caribou, snowy owls and other wildlife, including migrating birds from six continents.
Posted inBusiness, Nation & World
Stocks end mixed on Wall Street after early gain evaporates
Banks were among the biggest gainers as bond yields ticked higher, which allows them to charge more lucrative interest rates on loans.
Posted inBusiness, Nation & World
Private company takes over Puerto Rico power utility service
The U.S. territory is still struggling to recover from Hurricane Maria, which destroyed most of the power grid in September 2017.
Posted inBusiness, Nation & World
With AMC shares up 1,100% in 2021, company sells shares
The movie theater chain is raising $230.5 million through an 8.5 million share sale.