Audiences are showing up for the summer’s blockbusters, and the shuttered Cinemagic locations are drawing interest from movie theater operators, but streaming options and health concerns still pose a threat.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Central Maine Business Briefs: Kennebec Savings Bank hires new vice president
People & Places: First Amendment Museum appoints chief development officer
Wall Street rallies to record-breaking end of turbulent week
The Dow Jones Industrial Average closes above the 35,000 level for the first time.
In England, quarantine rules being relaxed to avoid shortages
Retailers warned of barren supermarket shelves as more and more employees get ‘pinged’ on their phones to self-isolate because of contact with coronavirus cases.
Free money for all? Mayors hope local tests bring big change
Dozens of cities and counties, as well as California, are experimenting with giving some low-income residents a guaranteed income of $500 to $1,000 each month, and tracking what happens.
Celebrity chef settles sexual harassment allegations for $600,000
Chefs and managers at restaurants owned by Mario Batali were accused of degrading women with misogynistic comments and showing favoritism to male employees.
Yellen outlines to Congress emergency measures on debt limit
The Treasury secretary warns that a default would cause ‘irreparable harm to the U.S. economy and the livelihoods of all Americans.’
Fight between rival energy companies threatens to delay CMP’s $1 billion energy corridor
CMP parent Avangrid is locked in a bitter dispute with rival NextEra over the upgrading of equipment at the Seabrook nuclear station, without which the 145-mile corridor can’t connect to the New England grid.
After 54 years, F.L. Butler Co. stops oil delivery services in Farmington
The Makinen family delivered oil to 240 customers in Franklin County for over half-a-century.
Small businesses lifted by return of summer tourists
Still, the return to a pre-pandemic “normal” is a way off for most.