The company has faced litigation alleging its talcum powder caused users to develop ovarian cancer or mesothelioma, a cancer that strikes the lungs and other organs.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Nation & World
Wall Street extends winning streak to 4th week
Wall Street saw a broad rally Friday, giving the S&P 500 its first 4-week winning streak since November.
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Posted inBusiness, Nation & World, News, Uncategorized
Inflation Reduction Act may have little impact on inflation
The legislation won’t directly address some of the main drivers of surging prices – from gas and food to rents and restaurant meals.
Posted inBusiness
Three solar energy companies challenge Mechanic Falls’ ordinance on annual inspections
The Town Council’s attorney advises it has legal authority for yearly checks.
Posted inBusiness, Nation & World
Judge revives Obama-era ban on coal sales from federal lands
Few leases have been sold in recent years as coal demand shrank drastically.
Posted inBusiness, Maine
Lockwood Hotel, the first hotel to open in downtown Waterville in more than a century, prepares for launch
The $26 million hotel built by Colby College has been housing students for the last two years because of the pandemic, but is now ready to receive guests.
Posted inBusiness, Maine, Nation & World
Former presidential yacht to be restored at Maine boatyard
Behind the scenes, workers have created a three-dimensional model of the Sequoia because the original design plans couldn’t be found.
Posted inBusiness, Nation & World
Here’s what Biden’s big bill includes on climate, health care, deficit reduction
The package will touch countless American lives with longtime party proposals.
Posted inBusiness, Nation & World, News
Congress approves Democrats’ climate, health bill, a Biden triumph
The bill’s pillar is about $375 billion over 10 years to encourage industry and consumers to shift from carbon-emitting to cleaner forms of energy, hailed by experts as Congress’ biggest climate investment ever.
Posted inBusiness, Nation & World, News
Ship heads to Ukraine to get grain for food-starved Africa
For months, fighting and a Russian blockade meant grain produced in Ukraine, known as the world’s breadbasket, piled up in silos, sending food prices sky-high and leading to hunger in Africa, the Middle East and parts of Asia.