Major indexes are coming off a volatile week where they notched out gains because of an early two-day rally that shielded stocks from several weak days.
business
Posted inBusiness, Nation & World, News
Wall Street soars to best day since summer, with S&P up 2.6%
Helping to drive markets was a report on U.S. manufacturing that came in weaker than expected, along with data showing a drop-off in construction spending from July to August.
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Posted inBusiness, Nation & World, News
Fraud, scam cases increasing on Zelle, Senate report finds
The report also found that the large banks that partly own Zelle have been reluctant to compensate customers who have been victims of fraud or scams.
Posted inKennebec Journal, Local & State, News
Proposal to open Chipotle Mexican Grill in Waterville follows closure in Augusta
The Augusta Chipotle closed in July after workers sought to form a union, and company officials said they were unable to adequately staff the restaurant.
Posted inKennebec Journal, Local & State, Maine Crime, News
Contractor who bilked dozens of central Maine homeowners, many elderly, sentenced to 3 years in prison
Tony J. Glidden, 34, continued to take deposits from homeowners after he was arrested on theft charges, providing them with excuses, but no work, while stealing more than $130,000 from two dozen clients.
Posted inBusiness, Health, Local & State, News
Why some places haven’t given up their mask mandates
The few cafes, stores and venues in Portland that still require masks say it’s to protect their staff and put concerned customers at ease.
Posted inBusiness, Nation & World, News
Stocks hit lowest level since 2020, revive fear of recession
The selling capped another rough week on Wall Street, leaving the major indexes with their fifth weekly loss in six weeks.
Posted inBusiness, Kennebec Journal, Local & State, News
Augusta Kmart site owner proposes dog park, playground in effort to convince city to allow self-storage business
A developer has revised proposals for the Western Avenue site three times, but city councilors have not agreed to a zoning change to allow a project to move forward.
Posted inLewiston-Auburn
Auburn Police say speed was a factor in the car crash at the Burger King drive-thru
“We looked up and we see this car flying through the air and coming right at us,” said Gary Girard, whose car was struck at the drive-thru.
Posted inAmy Calder, Local & State, Morning Sentinel
Reporting Aside: We don’t need to harp on it, but Waterville company finds the art in its work
Peter Carey and Jason Brann own PRO Moving Service in Waterville, and they do much more than move bulky things, Amy Calder writes.