The legislation that U.S. President Biden signed this week could allow Washington to widen its scope to target other China-related apps, such as the popular e-commerce platform Temu.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness
How U.S. changes to ‘noncompete’ agreements, overtime pay could affect workers
The new rules don’t take effect immediately. And they won’t benefit everyone. So what exactly would these rules mean for America’s workers?
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Posted inBusiness
U.S. growth slowed sharply last quarter to 1.6% pace, reflecting an economy pressured by high rates
A surge in imports, which are subtracted from GDP, reduced first-quarter growth by nearly 1 percentage point.
Posted inBusiness, Nation & World, News
Biden picks up another big union endorsement, this one from building trades workers
The endorsement adds to Biden’s considerable union support. The United Auto Workers and the United Steelworkers Union have both backed him.
Posted inBusiness, Nation & World, News
Biden administration announces schedule for up to 12 lease sales for offshore wind energy
The five-year plan announced Wednesday includes auctions in 2024 and 2028 for areas in the Gulf of Maine.
Posted inBusiness, Nation & World, News
About 1 in 4 U.S. adults over 50 say they expect to never retire, an AARP study finds
About 70% are concerned about prices rising faster than their income.
Posted inBusiness, Nation & World, News
Boeing’s financial woes continue, while families of crash victims urge U.S. to prosecute the company
Boeing is reporting a $355 million loss for the first quarter.
Posted inBusiness, Maine, News
Biden advances plan to make U.S. freight shipping carbon-free
The Biden administration is laying out more of its vision for decarbonizing the nation’s freight industry.
Posted inBusiness, Nation & World, News
Airlines will now be required to give automatic cash refunds for canceled and delayed flights
The rule will also apply to refunds of checked-bag fees if the bag isn’t delivered within 12 hours for domestic flights or 15 to 30 hours for international flights.
Posted inBusiness, Maine, News
Utility opposes new rules for heat pumps popular in Maine
Versant Power opposes a shift to whole-house electric heat pumps from those used in one or 2 rooms, saying affluent homeowners and developers will benefit.