The president is expected to sign an executive order to boost the incentive to manufacture new inventions in the U.S. while at Auburn Manufacturing.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness
Wall Street’s rally runs out of gas as bond yields jump
The drop came despite fatter-than-expected profit reports from big companies and the latest signals of a resilient economy.
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Posted inBusiness, Maine, News
Maine plans to use offshore wind for half its energy needs by 2040
Unlike other projects in the region, the Gulf of Maine wind turbines would showcase floating platform technology because the water is too deep for turbines to be anchored to the ocean floor.
Posted inBusiness, Feature Obituary, Maine, News
David Geary, ‘Godfather of Maine craft beer,’ dies at 78
The pioneering brewer and his wife, Karen, launched D.L. Geary Brewing in Portland, giving New England its first craft brewery with Geary’s Pale Ale setting the standard for English-style ales.
Posted inBusiness
Supreme Court lets work resume on gas pipeline
The high court stopped short of tossing out lawsuits by environmental groups, something the pipeline had suggested as an alternative.
Posted inBusiness
Elon Musk wants to turn tweets into X’s. But changing language is not quite so simple
No other social network has a word for posting that’s entered the vernacular like ‘tweet.’
Posted inBusiness, Lewiston-Auburn, Maine, Nation & World
Auburn Manufacturing Inc. has endured and persevered
The specialty textile manufacturer battled through COVID-19 and took on the Chinese for targeting her business.
Posted inBusiness, Nation & World
U.S. economy accelerated unexpectedly to 2.4% growth rate despite Fed hikes
Driving the gain was a burst of business investment.
Posted inBusiness, News
Wex will invest $100 million in the future of electric vehicles
The strategy might seem like a shift for the Maine-based payment processing company, but it’s long been involved in the EV industry.
Posted inBusiness, Nation & World, News
DeSantis appointees reach deal with Disney World’s firefighters, capping years of negotiations
The contract, among other provisions, would increase wages by 5%, including raising the starting annual wage for firefighter and paramedics from $55,000 to $66,000.