The October gain the government reported Tuesday was solid enough for most economists to anticipate holiday shopping jumping by a record amount this year.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine, News
EPA reaches settlement with Windham truck sales company for Clean Air Act violations
APlus Truck Sales will pay a $75,000 penalty for allegedly tampering with emissions controls on diesel vehicles.
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Posted inBusiness
Stock indexes end wobbly day mostly lower on Wall Street
Major indexes end mostly lower as the market comes off its first weekly loss in six weeks.
Posted inBusiness, Nation & World
GOP Rep. Mace’s bill would federally decriminalize marijuana
Republican Rep. Nancy Mace of South Carolina said Monday that a half-dozen GOP House members would be original co-sponsors of the bill, which she said would give states freer rein to pass their own laws.
Posted inBusiness, Nation & World
Supreme Court rejects Volkswagen appeals, allowing emissions scandal lawsuits
The rebuffs let the state of Ohio and counties in Florida and Utah press ahead with lawsuits using laws that bar tampering with emissions systems.
Posted inBusiness, Nation & World, News
State of Washington seeks over $38 billion from opioid distributors
Washington Attorney General Bob Ferguson rejected a settlement offer of $527.5 million over 18 years as ‘woefully insufficient.’
Posted inBusiness, Nation & World
Key reason for supply shortages: Americans keep spending
Suppliers were caught flat-footed by how fast pent-up spending surged out of the recession, and they are unlikely to catch up as long as demand remains so robust.
Posted inBusiness, Nation & World, News, Politics
Biden signs $1 trillion infrastructure bill with bipartisan crowd
As the U.S. continues to slog through a pandemic and rising inflation, the president has treated infrastructure as proof that government can function again.
Posted inArts & Entertainment, Business, Maine Cannabis Report
No joke: Comedians, cannabis companies push pot legalization
Big cannabis companies are backing a new, celebrity-infused campaign to enlist marijuana users to pressure Congress to legalize pot nationwide
Posted inBusiness, Maine Cannabis Report, Politics
Republicans’ cannabis legalization bill to seek lower taxes and state control
The proposal, which is still being drafted, is expected to have less oversight than what Democrats are calling for and regulate marijuana more like alcohol.