A highly anticipated update on the U.S. job market came in weak enough to keep investors cautious about the economy.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
Treasury recovers $1.3 billion in unpaid taxes from high-wealth tax dodgers
The IRS credits spending that has ramped up collection enforcement through President Biden’s signature climate, health care and tax package signed into law in 2022.
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Posted inBusiness, Maine
Gambling unit employees defend director after no confidence vote
Half of the employees in the Maine Gambling Control Unit signed a letter Friday expressing confidence in Milton Champion, a few days after casino inspectors called for his removal.
Posted inBusiness
U.S. job growth comes up short in possible warning sign for Fed
Hiring was weighed down by job losses in the manufacturing, retail trade and information sectors.
Posted inBusiness, Health, Nation & World, News
Nearly 2,000 drug plants are overdue for FDA checks after COVID delays, AP finds
U.S. health inspectors are still struggling to address a massive backlog of pharmaceutical plants that went uninspected during disruptions caused by COVID-19.
Posted inBusiness, Maine, Morning Sentinel
Waterville City Council delays vote to renew marijuana retail license for College Avenue shop
Issues raised by neighbors and in police reports about Bobby Buds at 109 College Ave. prompted the City Council on Tuesday to reject — and then reconsider and table — a vote to renew the business’s marijuana retail license.
Posted inBusiness, Nation & World, News
How do you know when AI is powerful enough to be dangerous? Regulators try to do the math
Critics have pounced on the thresholds as arbitrary – an attempt by governments to regulate math.
Posted inBusiness, Maine, News
Maine utilities will be banned from spending ratepayer money on lobbying, advertising
Years after utilities paid millions of dollars to influence voters about a power line through western Maine, regulators are drafting rules about the kind of ‘educational’ or lobbying activities they can charge to ratepayers.
Posted inBusiness, Maine, News
Rockland invites more cruise ships amid uncertainty
Many in this small seaside city look to Bar Harbor, where thousands of cruise ship passengers crowd the streets and sidewalks from spring through fall.
Posted inBusiness, Maine, News
Maine casino inspectors vote no confidence in head of gambling unit
They say Milton Champion has fostered a toxic workplace, refused to negotiate with their union and circumvented the Maine Gambling Control Board.