Richard Breeden, known as ‘King Richard’ at the Securities and Exchange Commission, bought the Knox County estate in the most expensive home sale so far this year and the 6th-highest ever in Maine.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness
Money stored in Venmo, other payment apps could be vulnerable, financial watchdog warns
The apps’ funds may not be covered by deposit insurance, the Consumer Financial Protection Bureau warned on Thursday.
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Posted inBusiness, Nation & World
Phoenix area can’t meet groundwater demands over next century, threatening growth
A state report released Thursday and announced by Gov. Katie Hobbs amounts to a chilling warning for a region that has been a development hotspot for new residents and high-tech businesses.
Posted inBusiness
U.S. turns up pressure on air bag inflator company that refuses a recall
ARC Automotive’s inflators can explode with too much force and expel shrapnel. The explosions have caused deaths and injuries.
Posted inBusiness
India pauses plans to add new coal plants for 5 years
The country, currently reliant on coal for around 75% of its electricity, is betting on renewables and batteries.
Posted inBusiness
In Canada, each cigarette will get a warning label
Six separate warnings will be printed directly on individual cigarettes as Canada becomes the first in the world to take that step aimed at helping people quit the habit.
Posted inBusiness
Know any airplane mechanics? A wave of retirements is leaving some U.S. industries desperate to hire
Across the U.S. economy, a number of industries – in fields such as construction, manufacturing, nursing and some professional industries like accounting – are facing the same formidable challenge.
Posted inBusiness
Journalists at the country’s largest newspaper chain will walk off the job
In a company statement, Gannett said ‘our leadership is focused on investing in local newsrooms and monetizing our content’ during a challenging economic climate.
Posted inBusiness, Maine, News, People on the Move
Ocean View at Falmouth hires Randy Corkum to lead assisted living
NEW HIRES Randy Corkum has been hired as director of assisted living for Ocean View at Falmouth, an 80-acre retirement community in Falmouth. Corkum has 15 years of experience in senior care, most recently as director of residential care at Maine Veterans’ Home in Scarborough. Previously, he worked for 12 years with Massachusetts General Hospital […]
Posted inBusiness, Maine, News
Moody’s boosts Maine’s credit rating
Moody’s Investors Services listed Maine’s credit as ‘positive,’ an upgrade from the previous ‘stable’ outlook.