They closed modestly lower Monday, but pockets of strength dotted around the market helped limit the damage.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Local & State, Schools and Education
UMaine professor working to make environmentally friendly disinfectant
William DeSisto is working with manufacturers on technology to increase local production of a bleach alternative made from salt, water and electricity.
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Posted inBusiness, Local & State, News
Maietta Construction agrees to pay $25,000 fine for filling wetlands in Scarborough
Under the terms of a consent decree, the Scarborough company also will pay for wetland restoration projects costing about $850,000 at its property on Pleasant Hill Road.
Posted inBusiness, Morning Sentinel
As prices skyrocket, lumber and building supply companies expanding in central Maine
Waterville-based Ware-Butler Building Supply and Pleasant River Lumber Co. recently acquired three local building supply and hardware retailers.
Posted inBusiness, Nation & World
AT&T, Discovery join media brands as cord-cutting encroaches
AT&T will join its massive media operations that include CNN, HBO, TNT and TBS in a $43 billion deal with Discovery, the owner of lifestyle networks including the Food Network and HGTV.
Posted inBusiness, Local & State
Spike in lumber prices not helping most Maine wood suppliers
Unless more sawmills come on line, the huge jump in prices for building materials likely won’t filter down to wood suppliers in Maine.
Posted inBusiness, Local & State
Maine wedding industry on track for recovery as restrictions ease
After a year of lost business and disruption, a growing industry that generates $1 billion annually in Maine is ready to get back on its feet.
Posted inBusiness, Local & State
Can lab-grown lobster compete with Maine’s most lucrative catch?
A food tech company in Wisconsin plans to commercialize cultured lobster meat, but industry leaders in Maine say they don’t see it as an immediate threat.
Posted inBusiness, Morning Sentinel
Central Maine seasonal food establishments look forward to ‘huge summer’ after pandemic downturn
Owners of some seasonal eateries said they’re making adjustments to make the most of the moment as the state loosens pandemic restrictions for businesses and more people flock to outdoor and indoor locations.
Posted inBusiness, Nation & World
Stocks close higher with help from tech, but still down for week
Investors’ worries about the possibility of rising inflation as the U.S. economy recovers from the coronavirus pandemic fueled three days of heavy selling.