Revenue plunged more than 40 percent at his Doral golf property, his Washington hotel and both his Scottish resorts over the past year.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
Judge says Amazon won’t have to restore Parler web service
A federal judge ruled Thursday against a plea to reinstate the fast-growing social media app favored by followers of former President Donald Trump.
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Posted inBusiness, Maine, Morning Sentinel
Kennebec Valley government council receives $670,000 from federal government to boost economy
The Kennebec Valley Council of Governments will use the money to help mend and promote the central Maine economy during and after the COVID-19 pandemic.
Posted inBusiness, Nation & World
Facebook’s oversight board to decide whether Trump gets to keep his account
The Oversight Board, made up of high-profile academics, lawyers and others from around the world, was established by Facebook last year to provide a check on the tech giant’s power.
Posted inBusiness, Nation & World
Buttigieg to push big infrastructure bill to boost economy
WASHINGTON — Transportation Secretary nominee Pete Buttigieg will tell a Senate panel Thursday that he hopes to help the Biden administration shepherd through Congress a massive investment in infrastructure, calling it the key to helping regrow the economy. “Infrastructure can be the cornerstone of all this,” he is expected to say in testimony prepared for […]
Posted inBusiness, Maine
Jobless claims remain high in Maine amid unrelenting pandemic
About 3,800 Maine residents filed a new unemployment insurance claim last week, and over 49,000 continuing claims were filed.
Posted inBusiness, Maine
Opponents of $1 billion CMP power line have enough signatures for referendum
It’s the second referendum drive aimed at stopping the project.
Posted inBusiness, Nation & World, News
U.S. jobless claims decline to a still-high 900,000
Once vaccines become more widely distributed, economists expect growth to accelerate in the second half of the year.
Posted inBusiness, Maine
Pandemic creates winners and losers in Maine’s commercial real estate market
Grocery and home improvement stores, as well as industrial spaces, are booming, but many restaurants have closed and new office development has ground to a halt.
Posted inBusiness, Nation & World
Wall Street hits records as hopes build for more stimulus
A better-than-expected start to earnings reporting season also helped lift the market Wednesday.