American shoppers picked up their spending a bit, but last month’s gain was weaker than expected.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
Biden opposes plan to sell U.S. Steel to Japanese firm, citing the need for ‘American steel workers’
Nippon Steel announced in December that it planned to buy the Pittsburgh-based steel producer for $14.1 billion in cash.
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Posted inBusiness, Nation & World
The United States has its first large offshore wind farm, with more to come
America’s first commercial-scale offshore wind farm is officially open, a long-awaited moment that helps pave the way for a succession of large wind farms.
Posted inBusiness, Maine, News
Wriggling gold: Fishermen who catch baby eels for $2,000 a pound hope for many years of fishing
The baby eels, also called elvers, were worth $2,009 a pound last year – more than 400 times more than lobster, Maine’s signature seafood.
Posted inBusiness, Nation & World, News
FCC forces cable firms to show single price, with no hidden fees
The rule would require cable and satellite providers to clearly state the total cost, including fees for TV station signals and regional sports programming, as a prominent, single line item.
Posted inBusiness, Nation & World, Politics
Former Treasury Secretary Steve Mnuchin says he’s putting together investor group to buy TikTok
‘This should be owned by U.S. businesses. There’s no way that the Chinese would ever let a U.S. company own something like this in China,’ he said.
Posted inBusiness, Maine, News
Activists say Maine public workers’ retirement system is failing to divest from fossil fuels
But the officials who decide how to invest the retirement funds of Maine’s government employees said fully divesting from fossil fuel companies would violate their constitutional duty.
Posted inBusiness, Nation & World, News
Surviving fishing gear entanglement isn’t enough for right whales – females don’t breed afterward
Even when entanglement does not kill a whale, it can affect individuals’ ability to reproduce, which is critically important for a species with such low numbers, writes a team of scientists.
Posted inBusiness
Dollar Tree to close nearly 1,000 stores across U.S.
The company, which has struggled to absorb Family Dollar since acquiring that chain in 2015, declined to say whether any of its 87 stores in Maine will be closed.
Posted inBusiness, Nation & World, Politics
House passes bill that could lead to TikTok ban, but path in Senate is unclear
President Biden has said if Congress passes the measure, he will sign it.