Using the force of the state’s economy, Gov. Gavin Newsom is pushing back on the pressure GOP leaders are putting on retailers.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness
Stocks tumble on fears of faster rate hikes
The U.S. government’s monthly jobs report comes out Friday.
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Posted inBusiness
U.S. sues to block JetBlue from buying Spirit Airlines
The lawsuit stresses that the deal would mean the end of the nation’s biggest ‘ultra-low-cost carrier.’
Posted inBusiness, Maine, News
Judge rejects attempt to throw out ballot proposal that could thwart CMP, Versant takeover
The ruling means that voters in November will likely see both a proposal to create a consumer-owned electric utility and a debt-limit measure meant to cripple the effort.
Posted inBusiness, Nation & World
WeightWatchers gets into prescription weight loss business
Shares of WW International Inc. close up 79% on news of the Sequence acquisition.
Posted inBusiness, Nation & World, New England, News
Connecticut sues firearm companies in ghost gun crackdown
The civil lawsuit accuses the companies of violating state consumer protection laws, which carry fines of up to $5,000 per violation.
Posted inBusiness, Nation & World, News
Starbucks’ CEO agrees to testify before Senate committee
Sen. Bernie Sanders, a Vermont Independent and chairman of the Senate Health, Education, Labor and Pensions Committee, said Tuesday that Howard Schultz has agreed to testify before the committee.
Posted inBusiness, Nation & World, News
Fed chairman Powell signals increased rate hikes if economy stays strong
The Federal Reserve chair acknowledged that inflation ‘has been moderating in recent months’ but added that ‘the process of getting inflation back down to 2% has a long way to go and is likely to be bumpy.’
Posted inBusiness, Food & Dining, Maine
Maple syrup producers optimistic about season’s sap run
Warm weather last month allowed for early runs of what some farms report was a particularly tasty product.
Posted inBusiness, Maine, New England, News
Downeaster riders won’t be able to order alcohol while train is in New Hampshire
A Granite State law says alcohol served in New Hampshire must have been purchased in the state. On the Amtrak Downeaster passenger rail service, the alcoholic drinks come from Maine.