Mortgage rates track a decline in yields on Treasury securities as the bond market continues to signal concerns over the strength of the pandemic recovery.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News
As road travel resumes and vacations peak, gas prices spike to 2014 levels
According to AAA, the retail price of gasoline has risen about 40% nationally since the beginning of the year.
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Posted inBusiness, Maine, Nation & World, News
Maine to receive $20 million in settlement with OxyContin maker Purdue Pharma
Fifteen states, including Maine, had previously opposed the proposed plan to hold the Sackler family accountable for its part in the opioid crisis.
Posted inBusiness, Maine, Nation & World, News
Maine jobless claims decline as U.S. claims edge up from pandemic low
The nation remains 6.8 million jobs short of the level it had in February 2020, just before the pandemic eliminated tens of millions of jobs.
Posted inBusiness, Nation & World, News
EU fines 4 German car makers $1 billion over emission collusion
The European Union says the companies avoided to compete on technology to limit pollution and denied consumers the chance to buy cleaner emission systems.
Posted inBusiness, Nation & World, News
Dozens of states target Google’s app store in antitrust lawsuit
The lawsuit filed late Wednesday targets Google’s Play store, as Congress considers laws designed to break up or undermine the power amassed by Google, Apple, Facebook and Amazon.
Posted inBusiness, Maine, News
Rattled by increase in airplane noise, Peaks Islanders are the latest to seek relief
‘We have more planes coming over Peaks Island now than we have at any time in our history,’ one resident says.
Posted inBusiness, Maine, News, Politics
New Maine law prohibits offshore wind farms in state waters
But the compromise still encourages the development of offshore wind technology in federal waters off Maine.
Posted inBusiness, Nation & World
U.S. job openings rise to record high, layoffs hit record low
U.S. employers posted a record-high number of open jobs for the second straight month as a rapidly rebounding economy has created an intense demand for workers.
Posted inBusiness, Food & Dining
The Wrap: Could Gordon Ramsay be coming to Maine?
Bam Bam Bakery finds a home, Cafe Louis opens, and Mast Landing Brewing Co. chooses a chef.