Seasonal volatility likely contributed to last week’s drop as the Labor Department adjusted the numbers to reflect job market fluctuations around the holidays.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
New Mexico regulators reject utility merger proposed by CMP’s parent company
They cite concerns about customer service problems and reliability issues in other states where Avangrid operates, including Maine.
advertisement
Posted inBusiness, Nation & World
Amazon founder’s ex won’t say how much she’s giving away ‘this time’
Forbes estimates the fortune of reclusive novelist MacKenzie Scott at $59 billion.
Posted inBusiness, Nation & World
‘Pharma Bro’ firm reaches $40 million settlement in gouging case
Vyera raised the price of the decades-old Daraprim from $17.50 to $750 per pill after obtaining exclusive rights to it in 2015.
Posted inBusiness, Nation & World, News
Instagram’s chief faces senators’ anger over possible harm to youth
Senators of both parties were united in condemning Instagram during a hearing that grew more confrontational and emotionally charged as it went on.
Posted inBusiness
Stocks end modestly higher after a choppy day of trading
The S&P 500 has now recovered all of its losses from its two-week skid heading into this week.
Posted inBusiness, Nation & World
California pipeline’s leak detection system was not fully working
Cleanup of the 25,000-gallon oil spill cost Amplify Energy $17 million. The company also lost about $45,000 in crude.
Posted inBusiness, Maine
Lobstermen to weigh in on plan for monitoring of boats
The lobster fishing business is facing a host of other new restrictions to try to protect the rare whales.
Posted inBusiness, Nation & World
Biogen’s $56 000 Alzheimer’s drug evades Biden’s cost curbs
Seniors will pay higher premiums so Medicare can set aside a contingency fund to cover Aduhelm.
Posted inBusiness, Nation & World
What caused Amazon’s outage? Will there be more?
Tuesday’s disruption raises questions about the vulnerability of the internet and its domination by a handful of big tech firms.