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Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness
Toyota recalls some pickups, SUVs because transmissions can deliver power even in neutral
Toyota said Wednesday that certain parts of the vehicles’ automatic transmissions may not immediately disengage when shifted into neutral.
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Posted inBusiness
Crypto company to pay state for violating security laws
Maine’s payout, part of a $3 million settlement being divided among 26 states, will go into the state’s Securities Restitution Assistance Fund for investors who have lost money because of securities violations.
Posted inBusiness, Nation & World
On Wall Street, Nvidia shares surge amid AI boom, setting off a rally across tech
Nvidia’s stock price surged after delivering another blowout quarter, setting off a rally in other technology companies that carried Wall Street to another record high.
Posted inBusiness, Local & State
Wiggly Bridge proposes scaled-back expansion following whiskey fungus concerns
The distillery in York had hoped to build two new barns to store and age its whiskey. They’re altering those plans to alleviate concerns that the distillery is spreading a fungus to its neighbors.
Posted inBusiness, Nation & World
AT&T says cellphone network has been restored after widespread outage across the U.S.
The outages, which began at approximately 3:30 a.m. ET Thursday, peaked at around 73,000 reported incidents.
Posted inBusiness
Robots and happy workers: Productivity surge helps explain U.S. economy’s surprising resilience
Across the United States, chronic worker shortages have led many companies to invest in machines to do some of the work they can’t find people to do.
Posted inBusiness, Nation & World, News
Supreme Court seems skeptical of EPA’s ‘good neighbor’ rule on power plant pollution
The rule is intended to restrict smokestack emissions from power plants and other industrial sources that burden downwind areas, including Maine, with smog-causing pollution.
Posted inBusiness
Biden seeks to bolster port cybersecurity with executive order
Port owners will be required to implement new levels of cyber controls.
Posted inBusiness, Local & State, News, Politics
Dozens of Maine lawmakers call on Cabela’s, Kittery Trading Post to stop selling military-style rifles
The letters referencing the semi-automatic weapons commonly referred to as assault rifles were spearheaded by Rep. Lori Gramlich, D-Old Orchard Beach.