Several disappointing profit reports from companies also shook what’s been the market’s main pillar of support.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
Big Tech faces ‘major’ EU law on hate speech, disinformation
Officials were negotiating late Friday over the final details of the Digital Services Act, which would overhaul the 27-nation bloc’s digital rulebook and cement its position as the global leader in reining in the power of social media companies such as Facebook, Google and Amazon.
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Posted inBusiness, Local & State
Maine launches website to explain relief check rules
The site answers questions about the $850 checks that will be sent to many Mainers beginning in June.
Posted inBusiness, Local & State
Two weeks after president’s departure, Bath Iron Works remains silent
BIW, owned by Virginia-based General Dynamics, has not explained the reason for Dirk Lesko’s sudden resignation.
Posted inBusiness, Nation & World, News
Americans got richer during the pandemic but economic inequality widened
Median checking account balances have risen overall during the pandemic.
Posted inBusiness, Local & State
Portland gets Standard & Poor’s highest credit rating
The upgrade to AAA could save the city and its taxpayers millions of dollars associated with debt service costs.
Posted inBusiness, Nation & World
Airlines want to bring back most passengers banned over masks
But the leaders of unions that represent flight attendants are reacting with outrage over the policy change by some carriers.
Posted inBusiness, Nation & World
Disney’s self-governance in peril after Florida House vote
The attack on Disney is Gov. Ron DeSantis’ latest salvo in a culture war waged over policies such as race, gender and the coronavirus, as he emerges as a likely 2024 presidential candidate.
Posted inBusiness, Word on the Street
Watch: Online food channel makes stop at Big G’s Deli in Winslow
The Vice magazine YouTube channel, Munchies, recently posted a feature on the well-known Kennebec County restaurant.
Posted inBusiness, Nation & World
Musk says he has $46.5 billion in financing ready to buy Twitter
In documents filed with U.S. securities regulators, the Tesla CEO said he is exploring a tender offer to buy all of the social media company’s common stock for $54.20 per share.