The social media platform born before the iPhone finds itself in a battle for relevancy, and its future, after two decades of existence.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness
Banks report tougher credit standards in wake of failures
Tighter credit standards are expected to be followed by a reduction in lending. That could force businesses to pull back on expansion plans and reduce hiring, and could limit sales of cars and homes.
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Posted inBusiness
Lawsuit: Yellen should ignore ‘unconstitutional’ debt limit
If the debt ceiling is not raised, the debt limit law would require Treasury Secretary Janet Yellen and President Biden to make payment decisions that would violate the Constitution, the lawsuit by a government employees’ union argues.
Posted inBusiness, Maine, News
Maine lobstermen facing another rule that may affect their catch
A new rule could limit the minimum size of lobsters that can be legally harvested. Fishermen say the specifics would mean crossing 1-pound lobsters off the menu.
Posted inBusiness
L.L. Bean unveils details of its $50 million Freeport campus makeover
Last week, the retail giant announced plans to broaden outdoor spaces, merge outdoor equipment and revamp entrances, walkways and parking at its flagship store in Freeport.
Posted inBusiness, Nation & World, News
U.S. to propose new rules for airline cancellations, delays
The pledge continues a push by the Democratic administration to require airlines to improve customer service, and comes just weeks before the start of the peak summer travel season.
Posted inBusiness, Nation & World, News
‘No good options’ if Congress fails to act on debt, treasury secretary says
Republican lawmakers, led by House Speaker Kevin McCarthy of California, are demanding spending cuts in return for raising the borrowing limit.
Posted inBusiness, Maine, New England, News
Hope vs. rope: Can technology save the whales, and Maine’s lobster industry, too?
The fishery has less than 6 years to come up with a new way of harvesting its catch – or risk regulations that could put lobstermen out of business.
Posted inBusiness, Community
Mid-Maine Chamber of Commerce in Waterville names new director of marketing, membership
WATERVILLE — Mid-Maine Chamber of Commerce welcomes Bridget Campbell as its new marketing and membership director. She will be replacing Brandi Meisner, who was VP of operations, and has left to work for her family businesses Maine Cedar Hot Tubs and Skowhegan Wooden Rule Co., following two years in her position. Campbell, who was advertising […]
Posted inBusiness, Nation & World, News
Cinco de Mayo celebrates Mexican culture, not independence
The focus on drinking and eating brings criticism, as beer manufacturers and other marketers capitalize on the day’s festive nature.