The facilities, which provide services ranging from substance use disorder treatment to hospice care, lost more than $3.7 million during the first 15 months of the pandemic.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Uncategorized
Stocks slip on Wall Street, erasing weekly gains for S&P 500
Target shares slumped after the retail chain reported a nearly 90% skid in quarterly profits.
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Posted inBusiness, New England
Massachusetts art museum workers schedule one-day strike
About 100 full- and part-time employees of the Massachusetts Museum of Contemporary Art are frustrated with contract negotiations.
Posted inBusiness, Local & State, News
Workers at Starbucks on Middle Street in Portland announce intent to unionize
If the effort is successful, the shop would become the second Starbucks in Maine to form a union.
Posted inBusiness, Nation & World
Airbnb is rolling out new screening tools to stop parties
Airbnb has been under growing pressure to clamp down on parties since 2019, when a Halloween house party in a San Francisco suburb ended with 5 people dead in a shooting.
Posted inBusiness, Nation & World
Inflation Reduction Act may have little impact on inflation
Lower deficits usually lower inflation but the Congressional Budget Office determined this month that the changes would have a ‘negligible’ impact this year and next.
Posted inBusiness, Nation & World
Russia’s economy gets boost from wartime grain shipments
The United Nations and Turkey brokered two deals last month: one protects ships carrying Ukrainian grain through the Black Sea and the other keeps Russia’s food and fertilizer from being sanctioned.
Posted inBusiness, Nation & World, News, Politics
What’s in big Biden bill? Health, climate goals become law
The package, an election year turnaround after loftier versions collapsed, will touch countless American lives and secure longtime party goals.
Posted inBusiness, Nation & World, News
GM recalls 484,000 big SUVs to fix problem with third-row seat belts
The recall covers Chevrolet Suburbans and Tahoes, Cadillac Escalades and GMC Yukons from the 2021 and 2022 model years.
Posted inBusiness, Nation & World
Companies facing 1st ever tax on stock buybacks in Biden bill
Investors, including pension and retirement funds, like the buybacks. But critics of big corporations call the practice ‘paper manipulation’ to enrich executives and big shareholders.