Stronger-than-expected profit reports from several big U.S. companies helped drive the market after Japan’s Nikkei index soared earlier.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine, News
Repurposed Lincoln mill could become world’s largest long-duration energy storage system
The 85-megawatt system could hold enough wind- and solar-generated power to serve between 64,000 and 85,000 homes.
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Posted inBusiness, Maine, News
Failure of wind turbine blade off Cape Cod raises questions for Maine officials
The governor’s office and developer of the wind energy research array in the Gulf of Maine say they’ll follow federal regulators’ direction to address safety and environmental issues.
Posted inMaine Commercial Real Estate, Real Estate, Sponsored
Maine Commercial Real Estate Transactions: July 2024
Broker submitted sales and leases for land, industrial, office, retail and more.
Posted inBusiness, Lewiston-Auburn, News
New commuter bus between Lewiston, Auburn, Portland gets mixed reviews so far
The LAP service started its two-year pilot run July 22. In the short time since the route began, some passengers have questions about its reliability.
Posted inBusiness, Health, Maine, News
Maine Bureau of Insurance warns about ‘self-funded’ health plans
Many plans being marketed to consumers in Maine have coverage limits and are not comprehensive medical insurance, the state says.
Posted inBusiness, Nation & World, News
Many of New York City’s outdoor dining sheds set to start disappearing
Less than half of the estimated 6,000 to 8,000 restaurants using pandemic-era permits have applied for a new program to make the sheds permanent.
Posted inBusiness, Nation & World, News
Google loses massive antitrust case over its search dominance
A judge ruled that the ubiquitous search engine has been illegally exploiting its dominance to squash competition and stifle innovation – a seismic decision that could shake up the internet.
Posted inBusiness, Nation & World, News
Chinese businesses hoping to expand in U.S. and bring jobs face uncertainty and suspicion
U.S. wariness of China, coupled with Beijing’s desire to protect its technological competitiveness, threatens to rupture ties between the world’s two largest economies.
Posted inBusiness, Nation & World, News
Prosecutors plan to charge former Kansas police chief over his conduct following newspaper raid
The raid sparked a national debate about press freedoms focused on Marion, a town of about of about 1,900 people in the rolling prairie hills.