The electric vehicle company’s biggest recall ever threatens to hurt its defense in several high-profile lawsuits it faces over crashes linked to Autopilot.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Local & State, Morning Sentinel, News
Grant program boosts high-speed fiber internet access to Skowhegan area residents, businesses
The upgraded service comes amid ongoing efforts — and an investment of hundreds of millions of dollars — to bring faster internet service to communities across Maine.
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Posted inBusiness, Local & State, Morning Sentinel, News
Portland-based developer to turn historic Skowhegan property into workforce apartments
Brian Eng, who has taken up a special interest in the region over the past three years, is planning to convert his Airbnb at 31 Court St. into five long-term rentals.
Posted inBusiness, Local & State
Maine Hire-A-Vet campaign places vets in well-paid jobs
The 2023 campaign surpassed the goal of 100 hires in 100 days set by Mills administration.
Posted inBusiness
Partners need funding for different take on fine dining in New Vineyard
Jared Rudnick and Lina Mamut are fundraising to make their dream of a fine dining restaurant owned by the employees become a reality.
Posted inBusiness, Nation & World, News
Why Argentina’s shock measures may be the best hope for its ailing economy
In the past five years, its currency has lost about 90% of its value against the U.S. dollar.
Posted inBusiness, News
Androscoggin Mill in Jay has a new owner
Pennsylvania-based Pixelle Specialty Solutions stopped production of paper in March and shut the mill down permanently.
Posted inBusiness, Nation & World, News
Retail sales rise 0.3% in November as Americans hit the gas on shopping, travel and restaurants
Americans picked up their spending from October to November as the unofficial holiday season kicked off, underscoring that shoppers still have power to keep buying.
Posted inBusiness, Nation & World, News
Wall Street makes zero progress in energy finance transition
The industry needs to get to a 4-to-1 ratio of clean energy versus fossil fuel financing by 2030. At the end of last year, it was 0.73 to 1 – little changed from 2021.
Posted inBusiness
Average long-term mortgage rate dips below 7% to lowest level since early August
LOS ANGELES — The average long-term U.S. mortgage rate dropped below 7% to its lowest level since early August, another boost for prospective homebuyers who have largely been held back by sharply higher borrowing costs and heightened competition for relatively few homes for sale. The average rate on a 30-year mortgage dropped to 6.95% from 7.03% […]