Rep. Jared Golden said Bath Iron Works likely will build about half of the 15 warships secured in a new multi-year shipbuilding contract.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
Wall Street pushes broadly higher after two days of losses
The online brokerage Robinhood makes an underwhelming debut on the Nasdaq, closing at $34.82, or 8.4% below its offering price.
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Posted inBusiness, Maine
Wex shelves plans for Scarborough office, citing trend toward remote work
The Portland-based company had planned to expand into a new $50 million building at the site of the former Scarborough Downs.
Posted inBusiness, Maine
Bowdoinham group works to boost interest in farm matchmaking website
The website is part of a larger Farmland Inventory Project aimed at connecting landowners with aspiring farmers.
Posted inBusiness, Nation & World
In Robinhood’s Wall Street debut, its stock tumbles, swings sharply
Robinhood has created plenty of passion, and its polarizing effect played out Thursday, as its shares careened from a gain of 5.9% to a loss of 12.2% within their first hour of trading.
Posted inBusiness, Elections, Maine, News, Politics
Maine supreme court denies bid to split power corridor referendum into 3 questions
A state lawmaker wanted the court to order the Secretary of State’s Office to split an upcoming ballot measure challenging the NECEC project into separate questions for voters.
Posted inBusiness, Food & Dining, Maine
New Portland brewery will make only non-alcoholic beer
The craft brewery in West Bayside will be the first in the state dedicated to beer without alcohol.
Posted inBusiness, Nation & World, News
Maine expands renter assistance, with federal eviction moratorium set to expire Saturday
The White House said President Biden would have extended the federal eviction moratorium, but the Supreme Court signaled it could be extended only until the end of the month.
Posted inBusiness, Nation & World, News
Maine, U.S. jobless claims fall as economy recovers
Weekly unemployment benefit applications in the U.S. have declined more or less steadily this year – from a peak of 904,000 in early January to 400,000 last week.
Posted inBusiness, Maine, News
Acadia, other national parks exploring options after being ‘loved to death’
Maine Sen. Angus King led a congressional subcommittee hearing to discuss options for addressing overcrowding at national parks.