Monday’s sharpest losses hit stocks of utility companies.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
NSA investigating potential Chinese hacking of American telecom firms
The NSA has warned since 2022 that telecommunications infrastructure was vulnerable to Chinese hacking.
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Posted inBusiness, Election 2024, Nation & World, News, Politics
New analysis suggests national debt could increase under Harris – but it would surge under Trump
Neither candidate has meaningfully stressed budget deficit reduction in their pitch to voters.
Posted inBusiness, Nation & World
U.S. court to review civil rights lawsuit alleging environmental racism in a Louisiana parish
The issue is whether a south Louisiana parish engaged in racist land-use policies that placed polluting industries in majority-Black communities.
Posted inBusiness, Maine, News
Hannaford makes midlevel managers eligible for overtime, but some may see pay dip
They’ll have to work 45 hours per week to earn the same salary they got for 40 as the company addresses a labor shortage.
Posted inBusiness, News
‘Land bank’ sets sights on first goal: Revitalizing East Millinocket mill
The new state authority wants to create business space and housing in empty properties that private and municipal developers won’t take on.
Posted inBusiness, Maine, New England
Boston eyes $8 billion rail plan that would benefit Maine
A new ‘Rail Link’ between North and South stations would ease passenger rail between Maine and the rest of America
Posted inBusiness
Dirigo Labs announces selection of inaugural companies for launch incubator program
Dirigo Labs has announced the selection of its first incubator cohort. Dirigo Launch is designed to support the growth of promising startups in Maine’s entrepreneurial ecosystem and will provide participants with hands-on mentorship, resources, and access to a robust network of investors, industry experts and peer founders. “The Incubator program has already been a game-changer […]
Posted inBusiness, Nation & World
Robust hiring adds 254,000 jobs, unemployment dips to 4.1%
Last month’s gain was far more than economists had expected, and it was up sharply from the 159,000 jobs that were added in August.
Posted inBusiness, Maine, Morning Sentinel, News
Update: Union at Sappi’s Somerset Mill in Skowhegan authorizes strike, plans rally
Members of United Steelworkers Local 4-9 voted Sept. 20 to authorize a strike and are a planning a rally for Tuesday, a news release said.