A criminal antitrust trial with 10 defendants who worked in the U.S. chicken industry has gotten underway this week.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News
U.S. jobless claims drop to pandemic low while Maine claims rise
Nationally, 2.2 million people were collecting unemployment checks the week of Oct. 16, down from 7.7 million a year earlier.
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Posted inBusiness, Nation & World
U.S. economy slowed sharply to a 2% growth rate last quarter in face of COVID
Economists remain hopeful for a bounce-back in the current October-December period, with confirmed coronavirus cases declining, vaccination rates rising and more Americans venturing out to spend money.
Posted inBusiness, Nation & World
Rise in baguette prices poses crunch for the French
The pressure on the bread industry has been linked to a 30% worldwide increase since September in the price of wheat – one of the baguette’s key ingredients – after bad harvests in Russia.
Posted inBusiness, Nation & World
Report: At least 59,000 meat workers caught COVID last year, and 269 died
The new estimate of infections in the meatpacking industry is nearly three times higher than the number the United Food and Commercial Workers Union has said were infected.
Posted inBusiness, Nation & World
Exacerbated by pandemic, child care crisis hampers economy
The absence of reliable and affordable child care limits the jobs people can accept, makes it harder to climb the corporate ladder and ultimately restricts the ability of the broader economy to grow.
Posted inBusiness, Nation & World
Democrats detail billionaire tax to fund Biden spending plan
About 700 taxpayers would be affected, according to a summary of the plan.
Posted inBusiness, Food & Dining
The Wrap: ‘The Lost Kitchen’ streaming 2nd season, MOFGA book launch
Norimoto Bakery makes its move, Yobo serving takeout lunch, and Chick Fil-A arrives Thursday.
Posted inBusiness, News
Farmington to consult attorney about a moratorium on solar farms
The latest application is the third one in three years, including a project billed as the largest in New England.
Posted inBusiness, Lewiston-Auburn, Local & State
Things are looking up for Maine’s downhill ski scene
Western Maine mountains are in the home stretch of getting ready for the upcoming ski season, which could start any day, weather-depending, for Sunday River Ski Resort. The head of Maine’s ski association is optimistic for an above-average year.