The number of Americans seeking unemployment benefits jumped last week to 853,000 – the most since September.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine, News
Maine economic growth report points to short-term hardships, but opportunities down the road
Among the post-pandemic bright spots, the state’s quality of life is expected to attract out-of-state professionals to move here.
advertisement
Posted inBusiness, Maine, News
Judge strikes down most claims against CMP over disconnection warnings
One claim in the customer group’s lawsuit – intentional inflection of emotional distress – will move forward.
Posted inBusiness, Kennebec Journal, Maine, Morning Sentinel
First adult-use marijuana store in Kennebec County opens in Waterville
Sweet Dirt, an Eliot-based company, opened Wednesday in the former Pine Cone Gift & Furniture Shop on Kennedy Memorial Drive.
Posted inBusiness, Maine
Pingree presses federal agency to investigate relief loan to Maine business that may not exist
The congresswoman wants answers about a $1.2 million Paycheck Protection Program loan to Common Ground Organic Farm, which organic farmers including Pingree had never heard of before the Portland Press Herald reported on it.
Posted inBusiness, Nation & World
Weakness in tech companies leads stocks lower on Wall Street
But investors still have an appetite for IPOs as meal delivery service DoorDash soars 85.8 percent in its market debut.
Posted inBusiness, Nation & World
Weeks after election, YouTube cracks down on misinformation
The Google-owned video service says it will remove newly uploaded material that claims widespread voter fraud or errors changed the outcome.
Posted inBusiness, Maine
Maine to make one-time $600 payments to jobless residents
Thousands of Mainers who could lose unemployment benefits if federal programs expire this month will receive payments under the state’s new Pandemic Relief Program.
Posted inBusiness, Maine, Nation & World, News
U.S. government, states sue Facebook for ‘predatory’ conduct
The antitrust lawsuits were announced by the Federal Trade Commission and New York Attorney General Letitia James, whose state was joined by Maine and 44 others.
Posted inBusiness, Maine, News
Jay mill announces it will permanently idle paper machine, not rebuild pulp mill
Pixelle also announced it has established a $1 million fund to support job retraining for former mill employees displaced as a result of the Androscoggin Mill pulp digester explosion in April.