Under the settlement, the Sackler family will give up ownership of the company and contribute $4.5 billion. But the Sacklers will be shielded from any future lawsuits over opioids.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, Health, Maine, News
Nurses criticize Maine Medical Center for paring employees’ COVID-19 benefits
The changes at Maine’s largest hospital, which treats many COVID-19 patients, include limiting quarantine pay and pregnancy benefits for nurses and other employees.
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Posted inBusiness, Nation / World
Ida-wrecked power grid could boost support for infrastructure bill
Hurricane Ida took down more than 2,000 miles of transmission lines owned by Entergy Corp. and 216 substations, plunging more than a million homes and businesses into the dark.
Posted inBusiness, Noteworthy
Jennifer Tiner hired as new director of Lewiston, Auburn adult education programs
LEWISTON — A veteran educator has become the new director of Lewiston Adult Education and Auburn Adult & Community Education. The Lewiston School Committee approved hiring Jennifer Tiner on Aug. 16. She replaces William Grant, who has served as director for the Lewiston and Auburn programs since 2016. He became the executive director of operations […]
Posted inBusiness, Maine, News, Schools & Education
Colby College hires director for artificial intelligence institute
Amanda Stent, a nationally known expert on artificial intelligence and human language, will serve as the new director of the Davis Institute for Artificial Intelligence.
Posted inBusiness, Franklin, Livermore Falls Advertiser
Milk market sours for 4 organic dairies in Franklin County
The loss of market could have a profound effect on other dairy producers, agriculture as a whole and local communities.
Posted inBusiness, Maine
Upcoming B&M closure sparks nostalgia, hope for future development
News that Portland’s longtime baked beans factory will close this year and be replaced with a technology and science campus elicits a wistful but hopeful response.
Posted inBusiness, Maine, News
Topsham to host first-ever expo showcasing local businesses
The town officials hope to make the business expo an annual event.
Posted inBusiness
South Korea moves to curb Apple and Google’s app-store dominance
The legislation would allow developers to bypass the tech giants’ proprietary payment systems, and could help reshape how Silicon Valley exerts power over developers and users.
Posted inBusiness
Social Security and Medicare funds remain under pressure
A report projects the agency won’t be able to pay full benefits starting 2034, a year earlier than initially estimated.