American workers are enjoying extraordinary job security two years after the pandemic plunged the economy into a brief recession.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News
Ford recalls over 650,000 trucks
Ford says that the windshield wipers can break and fail.
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Posted inBusiness, Local & State, News
State terminates company’s application to operate large fish farm in Frenchman Bay
American Aquafarms could reapply for a lease to raise 66 million pounds of Atlantic salmon annually at two 15-pen sites between Bar Harbor and Gouldsboro, but that process could take 2 to 3 years, the state says.
Posted inBusiness, Nation & World
Tesla’s first quarter earnings seven times more than a year ago
The electric vehicle and solar panel company made $3.32 billion from January through March.
Posted inBusiness, Nation & World
Pot shop robberies, deaths fuel calls for U.S. banking reforms
Because marijuana remains illegal under federal law, big banks and credit card companies have long been reluctant to work with the industry, leaving the businesses heavily reliant on cash and making them attractive marks for robbers.
Posted inBusiness, Local & State, News
Maine unemployment drops as total jobs nearly reach pre-pandemic level
Maine employers added about 3,400 jobs a month since January, driving the unemployment rate to its lowest point in two years.
Posted inBusiness, Local & State, Uncategorized
Maine home prices keep rising while limited inventory slows sales
The real estate market figures for March show a continuation of the pattern in sales and prices caused by a tight supply of homes on the market.
Posted inBusiness, Local & State, News
NOAA delays enforcement of new lobster gear rules aimed at protecting right whales
The regulations designed to protect the endangered species still will take effect May 1, but the federal government will put off enforcement in light of supply chain issues affecting lobstermen.
Posted inBusiness
Netflix shares drop 26% after it loses 200,000 subscribers
Netflix suffered its first subscriber loss in more than a decade, causing its shares to plunge 26%.
Posted inBusiness, Local & State, Morning Sentinel
Northern Light Health names new president of Waterville hospital, care center
Tricia Mercer will assume her new role May 9 overseeing Northern Light Inland Hospital and Northern Light Continuing Care Lakewood.