The carmaker officially moved its corporate headquarters last year from Silicon Valley to Texas, which passed a law banning abortions at roughly six weeks of pregnancy.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
Stocks end rocky week with their 5th straight weekly decline
The latest pullback came as investors balanced a strong U.S. jobs report against worries the Federal Reserve may cause a recession in its drive to halt inflation.
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Posted inBusiness, Local & State
Seven months after historic vote, power line project to get its day in court
On Tuesday, the Maine Supreme Judicial Court will hear arguments challenging a November referendum to ban the $1 billion NECEC project, among other issues.
Posted inBusiness, Local & State
Owner of Bangor newspaper to recognize employees’ new union
The union will represent more than 30 newsroom workers at the Bangor Daily News.
Posted inBusiness, News
U.S. added 428,000 jobs in April, average hourly earnings up 5.5% from a year ago
The economy’s hiring gains have been remarkably consistent in the face of the worst inflation in four decades.
Posted inBusiness, Lewiston-Auburn, Local & State
Androscoggin Bank’s B Corp status makes it unique in Maine
The Lewiston-based bank is among an elite group of businesses, recognized for meeting high standards of verified performance, accountability and transparency.
Posted inBusiness, Nation & World
Stocks slump 3% as worries grow over higher interest rates
Wall Street’s breakneck day-to-day reversal reflects the degree of investors’ uncertainty and unease over the array of threats the economy is facing.
Posted inBusiness
Wall Street, tech investors back Elon Musk’s bid for Twitter with $7 billion
The high profile investors show ‘that it’s not Musk single-handedly trying to turn around Twitter,’ one analyst says.
Posted inBusiness
As diversity rises, U.S. boards still disproportionately white
Following a pressure campaign from outsiders, more companies are disclosing the racial breakdowns of their boards of directors.
Posted inBusiness, Nation & World
Europeans weigh costs of cutting Russian energy over Ukraine
European Union countries import 40 percent of gas and 25 percent of oil from Russia, and the current EU timetable doesn’t foresee energy independence from Moscow for another five years.