The average new vehicle price rockets 24% to nearly $48,000.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
TSA testing facial recognition at more airports, raising privacy concerns
Advocates are concerned about how the data is collected, who has access to it and what happens if it gets hacked.
Why ‘glass cliff’ could put Twitter’s new CEO in danger
The theory posits that women – and minorities – are more likely to be hired for leadership jobs when there’s a crisis, which sets them up for failure.
Wall Street rises ahead of updates on U.S. shoppers
On Tuesday, the government will show how much sales at retailers across the country grew last month.
Microsoft’s $69 billion Activision takeover wins EU approval
The fate of the deal now hinges on the firm winning legal challenges in the U.S. and U.K.
3M fires executive for inappropriate conduct weeks after promotion
Meanwhile, the company is cutting thousands of jobs as part of restructuring actions.
CMP rate hike hearings now on hold pending settlement talks
A compromise in a proposed rate hike for Central Maine Power may be reached without an evidentiary hearing or a high-stakes ruling by the Public Utilities Commission.
Debt ceiling: McCarthy says ‘no progress’ ahead of talks Tuesday with Biden
President Biden remains hopeful that an agreement could be reached with Republicans to avoid what would be an unprecedented debt default, which could trigger a financial catastrophe.
From sheep to storage: The rise of self-storage businesses in Washington County
Washington County is part of a self-storage trend that’s helpful to consumers and profitable to owners.
Kelp dryer could allow Maine seaweed farms to triple output
The machine, developed by Ocean’s Balance, is intended to solve the exacting challenges seaweed farmers face when trying to preserve their harvest.