Initial unemployment claims increased by 9,000 to 225,000 in the week ended Dec. 24.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
Ukraine intends to develop air-to-air combat drones
Kyiv has some 1,400 drones, already, mostly for reconnaissance.
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Posted inBusiness
Nord Stream 2 pipeline firm gets 6-month stay of bankruptcy
The company’s stay is extended from Jan. 10 through July 10.
Posted inBusiness, Nation & World
Iraq prime minister orders crackdown on trademark violations
For example, a chain of fake Starbucks operates under the international coffee company’s logo in Baghdad.
Posted inBusiness, Nation & World
Wisconsin radio magnate Duey ‘Duke’ Wright dies at 83
He built Midwest Communications into a nine-state operation.
Posted inBusiness
Tesla on rocky ride in worst year ever
Shares in the electric vehicle maker are down nearly 70% since the start of 2022.
Posted inBusiness
Stocks slide in worst year for S&P 500 since 2008
The index is headed for a roughly 20% drop for 2022, even as profits and margins for companies have hit record heights.
Posted inBusiness, Maine, News
For power restoration crews, storm response was ‘all hands on deck’ over holiday weekend
About 3,300 workers, including linemen, tree-cutting crews and office staff, have been working 17-hour days to restore power to more than 300,000 Maine homes.
Posted inBusiness, Nation & World, News
Finland gets floating LNG terminal to replace Russian gas
Use of the vessel, owned by the U.S. company Excelerate Energy Inc., is called a historic move.
Posted inBusiness, Maine, News
Last 2 Sears stores in Maine are closing, including Farmington’s
The Farmington and Caribou stores are already liquidating merchandise.