However, the major indexes notched a gain for the week, thanks to a powerful but short-lived rally Monday and Tuesday.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness
First U.S. cobalt mining operation begins after 30-year hiatus
The metal is a key component of EV batteries and is on the government’s critical-minerals list.
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Posted inBusiness, Nation & World
Drought takes toll on country’s largest cotton producer
The USDA says Texas farmers are likely to abandon nearly 70% of their spring planting.
Posted inBusiness, Health, Maine, New England, News
Maine has costliest COVID telehealth screenings, national survey says
The average cost of an online, remote screening for COVID-19 was $55 in the state.
Posted inBusiness, Maine, Morning Sentinel
Rome says it’s taken the steps required to withdraw from FirstPark
Town officials sent a letter last month to FirstPark and the Kennebec Regional Development Authority saying it’s met the criteria for leaving the partnership that involves 23 other towns in central Maine.
Posted inBusiness, Nation & World, News
White House adds new restrictions on chip exports to China
Washington is looking to ensure that Chinese companies don’t act as a conduit for the transfer of technology to their country’s military.
Posted inBusiness, News
Farmington Solar, construction company enter agreement to pay $20,100 civil penalty
The penalty is for soil erosion violations at one of the solar projects in New England located in Farmington.
Posted inBusiness
Another month of solid hiring suggests more big Fed hikes
September’s unemployment rate dropped from 3.7% to 3.5%, matching a half-century low.
Posted inBusiness, New England, New England Patriots, Sports
Fan sues Patriots, says they ruined his Brady-signed flag
The owner says it was improperly displayed at the team’s hall of fame, causing the quarterback’s signature to fade significantly.
Posted inArts & Entertainment, Business
Celebrities taking part in Black Entrepreneurs Day
Applications for $25,000 grants will be taken through Wednesday.