The chairman of the House Armed Services Subcommittee on Seapower and Projection Forces said his subcommittee is working to restore the Arleigh Burke-class destroyer cut in President Biden’s defense budget request.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
United Airlines sees a supersonic future this decade
The airline says the plane being developed by a start-up company will reduce flights between London and the New York area to just 3½ hours and make Tokyo only six hours from San Francisco.
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Posted inBusiness, Nation & World
White-knuckle thriller for AMC Entertainment as it sells stock into frenzy
The wild ride for the movie-theater company is the latest stupefying, nearly unexplainable set of moves for one of the ‘meme stocks’ that have rocked Wall Street this year
Posted inBusiness, Nation & World
Biden offers tax deal to Republicans in infrastructure talks
The president is proposing a 15% minimum tax on corporations as he tries to get Republican support for the program.
Posted inBusiness, Nation & World, News
Maine jobless claims tick up; national numbers fall for 5th straight week
More Americans are venturing out to shop, travel, dine out and all that renewed spending has led companies to seek new workers.
Posted inBusiness, Maine
Gov. Mills has reservations about buyout of utilities
The governor’s concerns include the makeup and required expertise of the proposed public utility’s governing board.
Posted inBusiness, Maine
Portland software firm wins $50,000 prize in annual pitch contest
Industrial software developer HighByte took the top prize in Gorham Savings Bank’s LaunchPad competition.
Posted inBusiness, Uncategorized
Largest meat producer getting back online after cyberattack
But experts say the vulnerabilities exposed by this attack and others are far from resolved.
Posted inBusiness
Fed survey sees faster growth despite supply-chain problems
Increased vaccination rates and relaxed social-distancing measures are having a positive impact on the economy, several of the central bank’s districts report.
Posted inBusiness
Bethel’s Sunday River Brewing Co. reopening; new owner on deck
After a busy, headline-making year for the restaurant’s owners — state citations for imminent health hazards, temporary license suspensions, two temporary restraining orders — a Bar Harbor restaurateur has applied for new licenses to reopen the restaurant.