America’s auto industry has grown concerned that Chinese carmakers may be preparing to set up shop in Mexico to exploit North American trade rules.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine, News
Maine State Aquarium draws a crowd when it reopens after a 4-year hiatus
The state’s only aquarium reopened Wednesday and features new exhibits and research about the Gulf of Maine.
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Posted inBusiness, Nation & World
Amazon joins exclusive club, crossing $2 trillion in stock market value for the first time
Amazon now joins Google’s parent Alphabet, software behemoth Microsoft, iPhone maker Apple, and AI chip maker Nvidia among companies with valuations of at least $2 trillion.
Posted inBusiness, Nation & World
A signature Biden law was aimed to boost renewable energy. It also helped a solar company reap billions
President Biden points to the legislation as an example of investing in alternative energy in ways that’ll help the environment and lift the economy. But one solar company shows how that legislation can yield mammoth returns to the well-connected.
Posted inBusiness, Nation & World, News
Why NASA astronauts are delayed at the space station after Boeing Starliner launch
This week, Boeing said the Starliner capsule’s problems aren’t a concern for the return trip and ‘the astronauts are not stranded.’
Posted inBusiness, Nation & World
IRS delays in resolving identity theft cases are ‘unconscionable,’ independent watchdog says
An independent watchdog within the IRS reports that while taxpayer services have vastly improved, the agency is still too slow to resolve identity theft cases
Posted inBusiness, Nation & World, News
Startup developing ‘vaccine’ to fight fentanyl addictions, overdoses
Fentanyl poisoning has been the leading cause of death for Americans between age 18 and 45 since 2019, according to the Department of Homeland Security.
Posted inBusiness, Health, Kennebec Journal, Maine, News
Augusta assisted living facility with history of violations slated to close in July
Capitol City Manor, a 29-bed facility on State Street, was under investigation in recent months for reports of abuse and neglect.
Posted inBusiness, Nation & World
FDA warns maker of Sara Lee and Entenmann’s not to claim foods contain allergens when they don’t
U.S. Food and Drug Administration inspectors found that a top U.S. bakery listed ingredients on labels even when they weren’t in the foods.
Posted inBusiness, Maine, News
Maine’s civilian workforce returns to pre-pandemic size
Maine also filled 9,300 nonfarm jobs from May 2023 to May 2024, in large part thanks to gains in Maine’s health care and social assistance sector.