Technology and other high-growth companies once again take the brunt of the selling.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness
Amazon will buy vacuum maker iRobot for $1.7 billion
The deal comes as anti-monopoly advocates continue to raise concerns.
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Posted inBusiness
Fishery interests urge judge to rule in lobster lawsuit
At the crux of the case is a dispute over how risk is being calculated in federal protections of right whales.
Posted inBusiness, Maine
Good Shepherd Food Bank ready to launch new venture
Harvesting Good has goal of extending locally grown produce year-round into food bank’s network.
Posted inBusiness, Nation & World
Musk countersuit accuses Twitter of fraud
Twitter has sued Musk to force him to complete the acquisition of the $44 billion deal for the social media company.
Posted inBusiness, Nation & World
‘What recession?’: U.S .employers add 528,000 jobs in July
The American job market has repeatedly defied skeptics this year.
Posted inBusiness, Uncategorized
Applications for U.S. jobless claims up again last week
The labor market remains nonetheless one of the strongest parts of the U.S. economy.
Posted inBusiness, Nation & World, News
China blocks some Taiwan imports but avoids chip disruptions
The move, seen as retaliation for a visit by U.S. House Speaker Nancy Pelosi, avoided disrupting one of the world’s most important technology and manufacturing relationships.
Posted inBusiness, Nation & World
Twitter responds to Musk’s claims, calls them ‘excuses’
A court decision could ultimately determine the future of a social platform used daily by 238 million people around the globe.
Posted inBusiness, Nation & World, Politics
Senate appropriators want $4 billion for ships the Navy didn’t seek
The fiscal 2023 bill requires the Navy to spend that $4 billion to build all or part of a destroyer, 2 amphibious ships, a cargo vessel and several troop-ferrying hovercrafts.