The high demand for homes in Maine continued to build on on a record-setting 2020 for the state’s housing market.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News
Britain’s top court gives Uber drivers benefits in landmark ruling
The decision that they should be classified as ‘workers’ and not as self-employed is a big defeat for the ride-hailing giant.
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Posted inBusiness, Nation & World
Yellen warns against paring Biden’s $1.9 trillion relief package
The treasury secretary says the economy is still in a ‘deep hole.’
Posted inBusiness, Maine
Nestle selling Poland Spring and other bottled-water brands for $4.3 billion
The deal, which is expected to close this spring, will create one of the largest beverage companies in the U.S.
Posted inBusiness
Stocks fall as investors fret over jobless claims, inflation
Stocks posted modest losses on Thursday as investors had little reason to buy stocks with discouraging economic data and a steady rise in bond yields, which has started to raise concerns about inflation. The S&P 500 index dropped 17.36 points, or 0.4 percent, to 3,913.97. It was the third straight decline for the index. The […]
Posted inBusiness, Nation & World
Ford loses track of dangerous air bags, forcing 2 recalls
The recall affects more than 154,000 vehicles in North America.
Posted inBusiness, Nation & World
It’s so cold that calves’ ears are falling off
For those who make their living cultivating animals – and crops – the weather is disastrous.
Posted inBusiness, Nation & World
Widespread power outages, icy conditions hobble U.S. food supply
Walmart and Publix close some stores, Tyson Foods scales back production and dairy operations dump milk down the drains.
Posted inBusiness, Maine
‘Holey Donut’ café changes name after Portland’s Holy Donut sues
The dispute was resolved amicably between the popular Maine doughnut shop and an Oregon café that once bore the allegedly infringing name.
Posted inArts & Entertainment, Business
Music mogul buys majority interest in Beach Boys songs, archives
Irving Azoff hopes to restore the band’s cultural status.