Hundreds of motorists were stranded in freezing temperatures along a 40-mile stretch of I-95.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness
Fed officials see U.S. job market near full recovery
Policymakers say the central bank’s low interest rate policies are no longer needed.
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Posted inBusiness, Nation & World
PG&E blamed for massive Northern California wildfire
The Dixie Fire burned nearly 1 million acres in Butte, Plumas, Lassen, Shasta and Tehama counties.
Posted inBusiness, Maine, News
Maine can require cable companies to pay refunds for canceled service, court says
The court found that Maine’s law does not constitute an unlawful state regulation of cable rates.
Posted inBusiness
Stocks slump after release of Fed minutes
The tech-heavy Nasdaq falls 3.3 percent, its worst decline since February.
Posted inBusiness, Nation & World
CDC urges Pfizer boosters for younger teens
About 5 million children are eligible because they got their last shot at least five months ago.
Posted inBusiness, Maine
State will use $3.5 million in federal funds to help older Mainers pay property taxes
Gov. Mills said the loans will cover annual property tax bills for some residents who are unable to pay them and are age 65 and older or are permanently disabled.
Posted inBusiness, Nation & World
Activists urge Tesla to close new showroom in China
Activists and foreign governments say around 1 million Uyghurs and other Muslim minorities have been confined to detention camps in Xinjiang and that doing business in the region ‘amounts to economic support for genocide.’
Posted inBusiness
Toyota tops GM in U.S. sales for first time ever – but there’s a catch
General Motors says low inventory and production delays waiting on semiconductor chips – a key component in a variety of car parts – led to the dip in full-year new car sales.
Posted inBusiness, Nation & World
A record 4.5 million Americans quit their jobs in November
The move is a sign of confidence and more evidence that the U.S. job market is bouncing back strongly from last year’s coronavirus recession.