The company paid a group of seven banks, led by Morgan Stanley, which became stuck with the debt after they were unable to sell it to outside investors.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Nation & World, News
U.S. Treasury Secretary Janet Yellen sees low inflation as more likely long-term challenge
While central banks still have a long way to go to smother the worst bout of inflation in decades, with prices on the downtrend the debate is now shifting to what happens after this fight is over.
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Posted inBusiness, Nation & World, News
Dolphins, humans both benefit from fishing collaboration
In Brazil, scientists have, for the first time, used drones, underwater sound recordings and other tools to document how local people and dolphins coordinate actions and benefit from each other’s labor.
Posted inBusiness, Nation & World, News
$5.4 billion in covid aid may have gone to firms using suspect Social Security numbers
The findings from the nation’s top pandemic watchdog come as House Republicans plan to hold their first hearing this week on covid fraud.
Posted inBusiness, Maine, News
More Maine public schools get solar energy
The installation of an array on a farm in Livermore Falls, paid for by the federal government, will help power five public schools in the state.
Posted inBusiness, Nation & World, News
Even on $100,000-plus, more Americans are living paycheck-to-paycheck
This year may bring further pressure, with less than half of the respondents saying they expect their incomes to keep pace with inflation.
Posted inBusiness
There’s an ugly side to Maine harness racing
Horses have been subjected to drugging and abuse, with more than 600 violations issued by the state governing body for the sport since 2016.
Posted inBusiness, Nation & World, News
House panel zeroes in on TikTok app over security fear
The implications of this new scrutiny – part of a broadening congressional review of U.S. engagement with China – are unclear.
Posted inBusiness, Maine, News
Inside the National Weather Service in Gray: webcams, balloons and artful patience
The office of 15 meteorologists gathers data and makes forecasts that inform countless decisions by Mainers, businesses and even other weather forecasters.
Posted inBusiness, Maine
Sanford man starts free snowplowing initiative for those in need
Dave King began offering free plowing last year and says there are many people who couldn’t go without it.