With one of three major rating agencies warning that America’s AAA credit is at risk, the stakes are growing in the standoff in Washington over raising the nation’s debt limit.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
Antitrust ruling won’t change American Airlines’ summer plans in Northeast, exec says
The case, which struck down American’s alliance with JetBlue, won’t impact customers this summer, CO Devon May said.
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Posted inBusiness, Nation & World
Virgin Galactic completes final test flight before launching paying customers to space
Six of the company’s employees took the short up-and-down flight that included a few minutes of weightlessness.
Posted inBusiness, Nation & World, News
State lawmakers want children to fill labor shortages, even in bars and on school nights
Lawmakers proposed loosening child labor laws in at least 10 states over the past 2 years.
Posted inBusiness, Nation & World, News
Expect big crowds for the summer travel season – and big prices, too
Airfare and lodging rates are on the rise, while the national average price for a gallon of regular gas is down from this time last year, according to AAA.
Posted inBusiness, New England, News
Once a whaling port, New Bedford wants to light the world again, with wind
The vessel UHF Felicity pulled into the port of New Bedford shortly Wednesday afternoon carrying massive parts for offshore wind turbines.
Posted inBusiness, Maine, News
Mainers’ data may be compromised in ransomware attack on health insurer
Point32Health said in a statement that a ‘cybersecurity ransomware incident’ affecting its Harvard Pilgrim Health Care program was detected April 17.
Posted inBusiness, Nation & World, News
Target has been a leader in catering to LGBTQ+ shoppers – now it’s on the defensive
The uproar over Target’s Pride Month marketing – and its response to critics – is just the latest example of how companies are struggling to cater to different groups of customers at a time of extreme cultural divides.
Posted inBusiness, Nation & World, News
Do not call: States sue telecom company over billions of robocalls
‘Americans are sick and tired of their phones ringing off the hook with fraudulent robocalls,’ New York Attorney General Letitia James said in a statement.
Posted inBusiness, Nation & World, News, Politics
McCarthy says debt ceiling standoff ‘not my fault,’ as White House warns of economic risks
Treasury Secretary Janet Yellen said Wednesday that ‘it seems almost certain’ that the United States would not make it past early June without defaulting.