The S&P 500 climbed 2.4 percent Monday, regaining nearly all of its losses from last week.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
Democratic senators propose clean energy tax credits
Two U.S. senators from states with declining manufacturing sectors are pushing to invest $8 billion through tax credits to create clean energy jobs.
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Posted inBusiness, Maine
Trade group again names Portland’s jetport best in North America
Maine’s biggest airport received top marks for customer service for the fourth year in a row.
Posted inBusiness, Nation & World
Texas power company seeks bankruptcy protection after storm
The largest and oldest power cooperative in Texas is filing for Chapter 11 bankruptcy protection citing last month’s winter storm that left millions without power
Posted inBusiness, Nation & World
U.S. investigating nearly 1.9 million Toyota RAV4 SUVs after reports of engine fires
The National Highway Traffic Safety Administration began investigating after getting 11 fire complaints involving the 2013 through 2018 model years.
Posted inBusiness, Maine
Cannabis version of Shipyard’s Pumpkinhead ale to launch in Maine
The upcoming product launch stems from a partnership between Novel Beverage of Scarborough and Portland’s Shipyard Brewing Co.
Posted inBusiness, Maine, News
Competition for housing fuels construction boom in Biddeford-Saco
The area has become increasingly attractive as high rental prices push people out of the Portland market.
Posted inBusiness, Nation & World
Fraud overwhelms pandemic-related unemployment programs
Massive fraud in the nation’s unemployment system is raising alarms even as President Biden and Congress prepare to pour hundreds of billions of dollars into expanded benefits.
Posted inBusiness, Maine, Morning Sentinel
Thomas College student’s digitized snowmobiling map service a ‘win’ for riders
Jake Warn, 21, of Winslow, a college junior, has put his studies in entrepreneurship to work, creating SledTRX.com.
Posted inBusiness, Maine
Costly power grid upgrade to boost renewables will test Maine’s commitment
It’s becoming clear that achieving Maine’s climate goals is going to require a makeover of its electric grid on a scale that hasn’t happened since the 1970s.