Job losses remain high as a December deadline on federal benefits looms and Maine’s labor commissioner asks Congress to extend aid.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News
U.S. unemployment claims remain high at 712,000 as virus escalates
The chronically elevated pace of applications shows that nearly nine months after the pandemic struck, many employers are still slashing jobs.
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Posted inBusiness, Nation & World, News
Cyberespionage effort to get WHO vaccine distribution information detected
The cyberespionage effort used targeted phishing emails to try to collect vital information associated with a U.N. initiative for distributing coronavirus vaccine to developing countries.
Posted inBusiness, Nation & World, News
Fed reports virus surge is slowing U.S. economic activity
The latest Federal Reserve survey of business conditions around the country shows the recovery continues to be uneven across many sectors of the economy.
Posted inBusiness, Maine, News
Sunday River Brewing Co. owners back in court, seek to reopen, keep liquor license
Rick and Ron Savage, owners of the Bethel establishment, are hoping to reopen their restaurant and bar and keep their liquor license from being revoked.
Posted inBusiness, Maine, News
L.L. Bean sees delays in UPS package pickups as online shopping surges
UPS says it is working with its largest customers to ‘ensure they are aware of how much capacity is available to them’ so it can handle the flood of packages triggered by online holiday shopping during the pandemic.
Posted inBusiness, Maine
Bath shipyard making progress on production delays
Bath Iron Works’ Joint Schedule Recovery Committee formed in the wake of a nine-week strike this summer with the goal of recovering from significant production delays, exacerbated by the strike and the COVID-19 pandemic.
Posted inBusiness, Nation & World
Stock indexes shake off weak start and end mostly higher
A pullback in technology stocks and companies that rely on consumer spending keeps the market’s gains in check.
Posted inBusiness, Maine, News
Maine’s infrastructure gets a C- from civil engineers
Slightly better than the nation’s average D+ grade, Maine’s roads, bridges, wastewater plants are still in dire need of upgrades, according to the American Society of Civil Engineers.
Posted inBusiness, Maine, News
CMP says delay will cost millions, as judge hears challenge to corridor
Environmental groups are contesting a permit for the $1 billion New England Clean Energy Connect project, but CMP says even a six-month delay will cost $31 million.