Much of Wall Street’s gains for the day came at the end of trading, with about a third of the S&P 500’s rise happening in the final 20 minutes.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
Threats of a strike heating up even before UAW begins negotiations with automakers
Besides wages, pensions and health care, the union has set its sights on securing a foothold in the joint-venture plants that will manufacture electric vehicle batteries.
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Posted inBusiness, Nation & World, News, Sports
Ousting Greg Norman, giving Woods and McIlroy LIV teams were discussed with PGA, records show
The deal to bring Saudi investment into the PGA shocked the golf world and invited scrutiny from Congress as well as the Justice Department, which is looking into potential antitrust violations.
Posted inMaine Commercial Real Estate, Real Estate, Sponsored
Maine Commercial Real Estate Transactions: June 2023
Broker submitted sales and leases for land, industrial, office, retail and more.
Posted inBusiness, News
Proposal for cannabis business at Wilton bowling alley lacks application
The Planning Board held a discussion last month but lacks specifics.
Posted inBusiness, Nation & World
Wall Street ticks higher ahead of updates on inflation, profits
Stocks ticked higher on Wall Street ahead of a week with updates on where inflation and corporate profits are heading
Posted inBusiness, Maine
Nonprofit trust buying Kennebec Journal, Morning Sentinel, other Maine newspapers in landmark deal
The National Trust for Local News has agreed to purchase 5 of the state’s 6 daily papers and 17 of its weeklies in an effort to preserve local journalism.
Posted inBusiness, Nation & World
The New York Times disbands sports department and will rely on coverage from The Athletic
Journalists on the sports desk will move to other roles within the newsroom and no layoffs are planned.
Posted inBusiness, Maine, News
As UPS workers prepare for strike, Maine businesses hope it won’t be delivered
The giant shipping company and the Teamsters have left the bargaining table, and a strike could force UPS customers and consumers to consider some hard choices.
Posted inBusiness, Lewiston-Auburn, News
A vacancy rate of zero is pushing up rents and has Lewiston and Auburn embracing any and all new housing
A vacancy rate of essentially zero means there is no room for mobility for renters facing rent increases or evictions, leaving people priced out. Officials say rent control isn’t the answer, more housing is.