New claims for jobless aid stayed at historically high levels as state government relaxes remaining pandemic restrictions on businesses.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine, Nation & World
The U.S. set ambitious offshore wind power targets – what will it take to meet them?
The Conversation: Several wind farm developers already hold leases in prime locations off the Eastern Seaboard, suggesting plenty of interest.
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Posted inBusiness, Nation & World, News
Supreme Court upholds FCC’s easing of local media ownership limits
The old rules prohibited a single entity from owning a radio or TV station and a daily newspaper in the same media market.
Posted inBusiness, Nation & World, News
U.S. jobless claims rise to 719,000 as virus still forcing layoffs
Though the pace of applications has dropped sharply since early this year, they remain high by historical standards.
Posted inBusiness, Maine, News
Rent relief slowly making its way to Maine tenants and landlords
The latest 2 federal stimulus packages have earmarked a total of $352 million for Maine to keep tenants housed and cover amounts owed to landlords and utility providers.
Posted inBusiness, Nation & World
S&P 500 climbs, closing out its fourth straight quarterly gain
Solid gains by Apple, Microsoft and Nvidia, and companies that rely on consumer spending, outweighed a pullback in financial, energy and materials stocks.
Posted inBusiness, Maine
Nestle closes sale of bottled water brands in North America
One Rock Capital Partners, in partnership with Metropoulos & Co., has assumed ownership of brands including Poland Spring.
Posted inBusiness, Nation & World
Under pressure, some big Georgia corporations slam voting bill
The chief executives of Delta Air Lines and Coca-Cola call the law ‘unacceptable,’ opening an unusual rift with Republican leaders who championed the legislation
Posted inBusiness, Maine
Maine seafood industry set to receive new $17 million federal bailout
The state will receive about $17.1 million out of $255 million in federal funding included in the Consolidated Appropriations Act of 2021.
Posted inBusiness, Maine
Rockland ferry terminal closed after COVID-19 case
The terminal will stay closed until Friday morning while officials notify close contacts and clean the building after a staff member tested positive for the virus.