The bill, which still needs to be reconciled with one approved by the Senate, aims to position the U.S. to better compete with China economically by strengthening the domestic semiconductor industry.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine, News, Politics
Bipartisan group of lawmakers asks Mills to raise pensions for retired state workers
People receiving benefits under the Maine Public Employees Retirement System got the maximum 3% cost-of-living adjustment last summer, but it wasn’t enough to cover the 5.4% rate of inflation.
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Posted inBusiness, Kennebec Journal, Maine
Hallowell holding public hearing next week on controversial extension of ice arena tax breaks
Residents will be able to weigh in on whether the city should accept a potential 10-year renewal of the agreement on Feb. 7.
Posted inBusiness, Nation & World
U.S. employers added 467,000 jobs in January despite omicron surge
The strong hiring gain for January, which was unexpected, demonstrates the eagerness of many employers to hire even as the pandemic maintains its grip on the economy.
Posted inArts & Entertainment, Business, Nation & World, News
CNN exec’s ouster rattles prominent staff at pivotal time
It became clear Thursday that Zucker’s exit after nine years as CNN’s leader was anything but voluntary.
Posted inBusiness, Uncategorized
Couple are new owners of convenience store in Farmington
Michael and Julie Bolduc purchased Jack’s Trading Post on the Fairbanks Road Jan. 4.
Posted inBusiness, Maine, News
Pilot internship program aims to feed Maine’s growing aquatic farm industry
The aquaculture internship program will initially target students from Maine’s community colleges, starting with the one in Washington County.
Posted inBusiness, Nation & World
Meta, formerly Facebook, faces historic drop as stock tanks
The company’s shares fell more than 26% in afternoon trading Thursday, lopping more than $230 billion off its overall value.
Posted inBusiness, Nation & World
Cheers: Whiskey sales start comeback in bars, restaurants
On-premise sales volumes – representing about one-fifth of the U.S. spirits market – rose 53% in 2021, following pandemic-related closures and restrictions nationwide in 2020.
Posted inBusiness
Jobless claims fall for second straight week
The four-week average for claims, which compensates for weekly volatility, rose by nearly 8,000 to 255,000.