New vehicle sales tumbled in September as the global shortage worsened, shuttering factories and limiting the selection on dealer lots.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine, News
Maine applies for federal lease for offshore wind project
The state wants to deploy a dozen or so wind turbines on floating hulls designed by the University of Maine.
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Posted inBusiness, Nation & World
Venezuela introduces new currency with six fewer zeros
The new currency tops out at 100 bolivars, a little less than $25 – until inflation starts to eat away at that as well.
Posted inBusiness, Maine, News
Company could spend up to $267 million to clean up mercury in Penobscot River
The settlement agreement still needs approval from a federal judge in Bangor.
Posted inBusiness, Maine
Press Herald executive editor to retire after 45-year journalism career
Cliff Schechtman, who has been with the paper since 2011, will be replaced by Managing Editor Steve Greenlee.
Posted inBusiness, Nation & World
One in 4 companies nationwide have instituted vaccine mandate since Biden order
Biden’s Sept. 9 directive has sent employers scrambling to come up with plans to adhere to the new rules.
Posted inBusiness, Health, Maine, News
Maine pharmacists flag ivermectin prescriptions from people seeking drug for COVID-19
The drug is intended to target infections caused by some parasitic worms in humans and animals, but many are seeking prescriptions because they believe it can ward off or treat COVID-19.
Posted inBusiness, Nation & World
Senators accuse Facebook of concealing findings that Instagram can harm teens
Revelations in a report by The Wall Street Journal have set off a wave of anger from lawmakers, critics of Big Tech, child-development experts and parents.
Posted inBusiness, Nation & World
S&P 500 fell 4.8% in September, worst month since March 2020
The Dow Jones Industrial Average fell 546.80 points, while the Nasdaq slid 63.86 points.
Posted inBusiness
Former DeCoster Egg Farm closes 1 plant, lays off workers in Turner
It was unclear Thursday how many employees, and chickens, were left at the Hillandale Farms facility on Plains Road.