The crusade shows how perceptions of Big Tech have changed among typically pro-business Republicans.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness
Wall Street rallies, marking 2nd winning week in a row
Still, much of the focus is on Deutsche Bank, whose stock tumbled 8.5% in Germany.
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Posted inBusiness
Deutsche Bank shares drop 8.5% amid global jitters
But European leaders downplayed any risk of a possible crisis at a summit Friday.
Posted inBusiness, Maine, News
Maine lawmakers consider bill to keep funding lobster legal defense
As the industry battles federal right-whale regulations, L.D. 710 calls for allocating 20% of the fishery’s license surcharges – about $380,000 a year – to the legal defense fund through 2030.
Posted inBusiness
California may punish oil companies for high gas prices
A bill to punish oil companies for profiting from price spikes at the pump has passed the California Senate.
Posted inBusiness
Stocks tick higher after another dizzying day on Wall Street
Traders were still largely betting the Fed will cut rates later this year.
Posted inBusiness, Lewiston-Auburn
Bates College workers reject proposed union
National Labor Relations Board staffers who counted the ballots said 254 voted against the union while 186 favored it.
Posted inBusiness, Nation & World, News
TikTok CEO faces off with Congress over security fears
The CEO of TikTok is being grilled by a U.S. congressional committee to make the case for why the hugely popular video-sharing app shouldn’t be banned.
Posted inBusiness, Maine, News
Planned $82 million upgrades, expansion would improve Maine broadband access
Charter Communications says it will bring high-speed internet connectivity to underserved areas, and is buying Bee Line Cable in Madison.
Posted inBusiness, Nation & World
TikTok sends online influencers to Washington as its troubles grow
Lawmakers will grill the company’s CEO on Thursday about concerns over user data falling into the hands of the Chinese government.