The S&P 500 and the Nasdaq have their biggest drop in months.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
Yellen says infrastructure overhaul will U.S. boost economy
The Treasury secretary calls on Congress to support the Biden administration’s $3.5 trillion ‘Build Back Better’ initiative.
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Posted inArts & Entertainment, Business, Nation & World
Disney World opened 50 years ago; these workers never left
They are among two dozen of 6,000 from Oct. 1, 1971, still employed at the theme park resort as it celebrates its anniversary on Friday.
Posted inBusiness, Maine
Maine utility regulators order preliminary probe of CMP management structure
The Public Utilities Commission has asked Central Maine Power to produce a ‘performance plan’ that outlines how the utility will maintain progress on recent improvements and address concerns raised by a recent audit.
Posted inBusiness, Maine, News
Canadian dam owner sues Maine over alleged effort to remove 4 Kennebec River dams
Brookfield Renewable argues state agencies are violating a binding river management agreement in their fight over the future of Atlantic salmon.
Posted inBusiness, Maine, News, Schools and Education
Students push UMaine System to end its investments in fossil fuels
A policy adopted in 2016 has significantly reduced the university system’s investments in fossil fuels, but students say they want to see full divestment.
Posted inBusiness
Facebook puts Instagram for kids on hold after widespread opposition
Some critics say a ‘pause’ is not enough, and the plan should be permanently canceled.
Posted inBusiness
Another top Fed official to retire in wake of trading activity
Robert Kaplan will step down as president of the Federal Reserve Bank of Dallas early next month.
Posted inBusiness
Beyond, Impossible join crowded plant-based chicken market
The two California companies helped redefine what meatless burgers could be.
Posted inBusiness, Maine
Maine lobstermen sue federal regulators over right whale restrictions
Their trade association says the federal government used flawed science to develop a whale protection plan that poses grave harm to the lobster industry.