A head-scratching David and Goliath story is playing out on Wall Street over the stock price of a money-losing video game retailer.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News, Politics
Janet Yellen wins Senate approval as first female treasury secretary
On an 84-15 vote, the former chair of the Federal Reserve becomes the third member of President Biden’s Cabinet to win confirmation.
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Posted inBusiness, Maine
Maine’s 2nd licensed adult-use cannabis testing lab opens
Nova Analytic Labs is the second adult-use marijuana lab in Maine, joining Nelson Analytical in Kennebunk.
Posted inBusiness, Maine, News, Politics
Mills’ budget proposal would tax Paycheck Protection Program funds as income
The Legislature’s tax and budget committees met Monday to hear testimony on a set of proposals by Gov. Janet Mills that could leave some businesses paying state taxes on loans exempt from federal taxes.
Posted inBusiness, Nation & World
Treasury Department restarts effort to put Harriet Tubman on $20 bill
Trump administration Treasury Secretary Steven Mnuchin did not move forward with the decision by the Obama administration to put the 19th century abolitionist leader on the $20 bill.
Posted inBusiness, Nation & World
Biden plans to sign order for government to buy more U.S. goods
The United States has shed roughly 540,000 factory jobs since last February as the coronavirus pandemic hurled the world’s largest economy into recession.
Posted inBusiness, Maine
Pandemic’s effects leave road project planners guessing what’s around the corner
The Maine Department of Transportation’s latest construction plan is clouded by uncertainties about funding and whether more drivers will return to the roads.
Posted inBusiness, Maine
Aiming to ease fishing industry’s concerns, Mills proposes moratorium on offshore wind
The governor says she will ask the Legislature to approve a 10-year moratorium on new offshore wind projects in waters managed by the state.
Posted inBusiness
Average U.S. price of gas up 10 cents a gallon to $2.45
The price at the pump is 15 cents less than it was a year ago.
Posted inBusiness, Kennebec Journal, Maine
Augusta considers self-storage businesses for vacant retail spaces
Storage businesses are not allowed now in two of the city’s largest retail shopping areas.