Stocks continued to march higher on Wall Street Friday amid a string of encouraging reports on hiring, consumer confidence and spending that point to an accelerating U.S. economy.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
Sanctioned Russian IT firm was partner with Microsoft, IBM
The clients of Positive Technologies also include the FSB, a successor to the KGB that ‘cultivates and co-opts criminal hackers’ who carry out ransomware and phishing attacks, the Treasury Department says.
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Posted inBusiness, Nation & World
Union, automakers headed for fight over battery plant wages
The United Auto Workers says General Motors and its joint venture partner have a ‘moral obligation’ to pay full union wages at battery factories.
Posted inBusiness, Maine
Hiring picks up in Maine, but jobless rate stays flat at 4.8%
Maine employers added more than 4,000 jobs in March, but the statewide unemployment rate was unchanged from February.
Posted inBusiness, Maine
Public Advocate Barry Hobbins to retire after decades in public office
Hobbins, a Democrat, served multiple terms in the state Legislature, and was appointed Maine’s Public Advocate by Republican Gov. Paul LePage in 2017.
Posted inBusiness, Nation & World
Equal pay bill approved by House but faces long odds in Senate
The bill, which passed 217-210 on a mostly party-line vote, is the latest salvo in a long-running debate.
Posted inBusiness, Nation & World
Google Earth adds time-lapse video to depict climate change
The company says it undertook the complex project in partnership with several government agencies, including NASA in the U.S. and its European counterpart.
Posted inBusiness, Maine, Nation & World, News
U.S., Maine jobless claims fall in hopeful sign that layoffs are easing
Maine numbers dip slightly after U.S. employers added 916,000 jobs in March, the most since August, in a sign that a sustained recovery is taking hold.
Posted inBusiness, Nation & World
Most stocks rise, indexes end mixed as earnings season kicks off
The market was held back by drops for several heavyweight tech stocks, including Apple and Amazon.
Posted inBusiness, Nation & World
Coinbase, a digital currency exchange, soars in market debut
The company’s initial public offering happened with cryptocurrency chatter seemingly everywhere, even at the Federal Reserve.