Trading across markets nevertheless was calmer than during Monday’s worldwide rout, which sent the S&P 500 down 3.9%.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine
Average CMP bill to decrease almost 3% for home customers starting in July
State utility regulators estimate the average residential customer bill will decrease by $3.40 a month, or 2.7 percent of the total bill.
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Posted inBusiness, Maine
Workers at Morrill teen mental health facility seek to unionize
Employees at Ironwood Maine say they intend to vote to form a union to improve pay, working conditions and standards of care at the residential program and school.
Posted inBusiness
Bitcoin plunges as major lender halts operations
It’s the second notable collapse in the cryptocurrency universe in less than two months.
Posted inBusiness
Automakers ask Congress to lift electric vehicle tax cap
The request comes as Americans find themselves financially pinched from all directions.
Posted inBusiness, Nation & World
U.K. unveils bill to override Brexit deal in provocation to EU
The law would allow leaders to enact new rules on customs checks, tax and arbitration.
Posted inBusiness
No bartender required: Premixed Jack and Coke going on sale
Coca-Cola Co. is partnering with the maker of Jack Daniel’s Tennessee Whiskey to sell the cocktails.
Posted inBusiness, Lewiston-Auburn
Tambrands running full speed in face of tampon shortage
While supply chain problems are being blamed for empty shelves, Procter & Gamble says it’s Auburn facility is running 24/7 to try to meet demand.
Posted inBusiness
Bids for final charity lunch with Buffett top $3 million
The online auction that raises money to support the Glide Foundation’s work to help the homeless in San Francisco continues through Friday night.
Posted inBusiness, Nation & World
Wall Street enters a bear market as S&P dives 3.9%
At the center of the sell-off again is the Fed, which is scrambling to get inflation under control.