The industry sued to stop the rules during the Obama administration but lost.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Uncategorized
U.S. stocks close higher as banks, technology lead broad rally
The Dow hits another all-time high.
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Posted inBusiness, Nation & World
Dubai luxury home market soars as world’s rich flee pandemic
Sales of upscale properties, once slow, soared 230 percent in the first quarter of 2021.
Posted inBusiness, Kennebec Journal, Maine
Gardiner Food Co-op charts path through pandemic
With the help of an anonymous gift and federal stimulus money, the community-owned cooperative seeks to rebuild toward long-term sustainability.
Posted inBusiness, Maine, News
BIW allowing close contacts of COVID-infected co-workers to remain on the job – with precautions
With more workers receiving COVID-19 vaccinations, the shipyard is reversing a policy that previously required employees to quarantine at home until they tested negative for the disease.
Posted inBusiness, Maine
Maine restores pre-pandemic requirements for unemployment
Businesses are reopening and need help, especially with the summer tourism season approaching, the state’s labor commissioner says.
Posted inBusiness, Nation & World, Politics
In GOP stronghold, Biden pushes for his infrastructure plan
He’s proposing to pay for it by undoing the 2017 Trump tax cuts and raising the corporate tax rate from 21 percent to 28 percent.
Posted inBusiness, Maine
Two Maine banks make Forbes’ top 10 list for best U.S. banks
Bangor Savings Bank ranked No. 2 and Camden National Bank ranked No. 7 on the list.
Posted inBusiness, Nation & World
Judge temporarily stays ruling in eviction moratorium case
A federal judge has temporarily stayed an order that found the CDC exceeded its authority when it imposed a federal eviction moratorium to help stop the spread of the coronavirus.
Posted inBusiness, Nation & World, News
France sends patrol boats as tensions flare with U.K. on fishing rights
New post-Brexit rules require them to submit their past fishing activities in order to receive a license to continue operating in the island of Jersey’s waters.