Big tech companies like Amazon, Microsoft and Google announced tens of thousands of job cuts this month.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Times Record
Iconic Woolwich restaurant up for sale
Owners of the seafood eatery confirmed in a Facebook post last week they are attempting to sell their business .
advertisement
Posted inBusiness, Nation & World
Door of No Return: Yellen visits onetime slave-trading post
The Treasury secretary, on a trip aimed at rebuilding U.S.-African economic relations, acknowledged the ongoing ramifications of a brutal past.
Posted inBusiness, Nation & World
Justice Department investigating Abbott baby formula plant
NEW YORK — The U.S. Justice Department is investigating the Abbott Laboratories infant formula plant in Michigan that was shut down for months last year due to contamination, the company confirmed. The factory’s closure in February 2022 was a key cause of a nationwide baby formula shortage that forced parents to seek formula from food […]
Posted inBusiness, Nation & World, News
U.S. Treasury Secretary Janet Yellen says debt standoff risks ‘calamity’
The Biden administration and Republican lawmakers have been at loggerheads over how to increase the government’s legal borrowing capacity.
Posted inBusiness
Stock market has best day in 2 weeks
Another big quarterly surge in Netflix’s subscribers helps set the stage for the rally.
Posted inBusiness, Nation & World
Takeaways from glitzy Davos event: Ukraine, climate, economy
The 53rd edition of the weeklong gathering in the Alps draws notables who hash out deals and voice demands.
Posted inBusiness, Nation & World
In soaked California, few homeowners have flood insurance
Only about 2% of properties in the state are covered, with drought dulling people’s sense of the risk.
Posted inBusiness, Maine
Home prices increased in 2022, but overall sales fell
The statewide median sales price for homes sold last month was $330,000, an 8.9% increase over the price in November 2021.
Posted inBusiness, Maine, News, Uncategorized
Gun sales in Maine declined in 2022, but remain historically high
Firearm sales in the state have fallen 17% since 2020, new data show. But sales are still far above pre-pandemic levels, and 25% higher than a decade ago.