Wall Street has been more hopeful that Congress is getting closer to striking a deal that will give a financial lifeline to people and businesses.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
Family behind OxyContin acknowledges its role in opioid crisis
Purdue Pharma’s marketing efforts have been blamed for contributing to an addiction and overdose crisis that has been linked to 470,000 deaths in the U.S. over the past two decades.
advertisement
Posted inBusiness, Nation & World
U.S. jobless claims rise to 885,000 amid resurgence of virus
Many employers are still slashing jobs as the pandemic forces more business restrictions and leads many consumers to stay home.
Posted inBusiness, Maine
With pandemic aid set to expire, new unemployment claims hit 5-month high in Maine
Claims for state benefits totaled about 3,000 for the second consecutive week, which officials say is the result of seasonal layoffs.
Posted inBusiness, Maine
Judge rejects bid to keep CMP from starting work on transmission corridor
CMP says construction of the 145-mile corridor will likely begin sometime in January.
Posted inBusiness
From restaurants to retailers, virus transformed economies
In the most bruised sectors, changing habits mean that employers may never need as many workers as they did before the pandemic.
Posted inBusiness, Maine
Colby outlook predicts Maine economic recovery by 2022, if U.S. can control coronavirus
The annual report warns that economic recovery relies on controlling the pandemic, an effective vaccination campaign and financial relief from the federal government.
Posted inBusiness, Maine
Working remotely, state workers drive a million fewer miles each week
While the reduction is small relative to total miles driven in Maine each day, it highlights the potential climate benefits of remote work.
Posted inBusiness
Retail sales fell 1.1% in November, biggest drop in 7 months
Retail sales fell 1.1% in November, the biggest drop in seven months, a sign that Americans held back on spending during the start of the holiday shopping season
Posted inBusiness, Food & Dining
The Wrap: Openings, closings, and a plea for help
More & Co. and Ernie’s Pool & Darts close for good. Blackstones bar launches GoFundMe campaign.