Before the pandemic struck, applications for unemployment aid had never topped 700,000 in any one week.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness
Oxford Casino, hotel bet on a safe reopening
Oxford Casino expands to 50% customer capacity March 26; rehiring laid-off workers and adding new staff.
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Posted inBusiness, Maine, News
Judge’s ruling adds another hurdle to CMP transmission corridor project
The state Bureau of Public Lands should not have leased about a mile of state-owned land to the utility for the project without determining if the lease would substantially alter the land, says a Superior Court judge.
Posted inBusiness, Nation & World
Wall Street closes higher after Fed says it will keep rates low
The central bank’s renewed commitment comes even as its latest economic forecast calls for growth of 6.5% this year and for inflation to climb above 2% for the first time in years.
Posted inBusiness, Nation & World
German automaker BMW ramps up electric vehicle offerings
But it won’t follow General Motors and other carmakers that have said their goal is to phase out internal combustion passenger vehicles by a specific date.
Posted inBusiness, Nation & World
Will work from home outlast virus? Ford’s move suggests yes
The automaker tells about 30,000 of its employees worldwide that they can continue to do so indefinitely, with flexible hours approved by their managers.
Posted inBusiness, Kennebec Journal, Maine
Monmouth solar project planned on 55 acres gets OK from Planning Board
Two days after a moratorium that would have halted the project was defeated, the project planned on Ridge Road received board approval with draft conditions.
Posted inBusiness, Nation & World
IRS extends tax filing deadline to May 17
The move provides more breathing room for taxpayers and the Internal Revenue Service alike to cope with changes brought on by the pandemic.
Posted inBusiness, Maine
Office of Marijuana Policy seeking bids for public safety campaign
The campaign will address, among other concerns, ‘preventing and deterring the use of marijuana and marijuana products by persons under 21 years of age.’
Posted inBusiness, Food & Dining, Maine, Morning Sentinel
Front & Main restaurant at Lockwood Hotel opening to public Thursday
The restaurant is housed on the ground floor of the hotel and looks out onto the streets it’s named after.