One hotelier said that getting news of the changes was like being given ‘a Christmas gift in March,’ but it also came with new concerns and fears.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
Anti-virus software creator charged with cheating investors
John McAfee and others made over $13 million by fooling people about the emerging cryptocurrency market, prosecutors allege.
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Posted inBusiness, Local & State, News, Politics
Deal on state tax exemption implodes as Republicans balk at supplemental budget
Democrats support a bill to reduce tax liability for businesses and individuals who received federal COVID-19 relief loans or benefits, but Republicans are pushing for more.
Posted inBusiness, Health, Local & State, News, Uncategorized
Mills relaxes quarantine rules for visitors, eases business restrictions heading into tourism season
The changes are aimed at drawing summer tourists to Maine as the federal government steps up the supplies of COVID-19 vaccinations nationwide.
Posted inBusiness, Nation & World, News
Jump in hiring fuels optimism for U.S. economic recovery
Employers added a robust 379,000 jobs in February, but it represents just a fraction of the roughly 9.5 million that the economy must regain to get back to where it was before the pandemic.
Posted inBusiness, Local & State, News, Politics
Legislative committee approves supplemental budget that wouldn’t tax relief loans for businesses
Sticking points remain, but the proposal providing full conformity with federal taxes is endorsed on an 8-5 party line vote.
Posted inArts & Entertainment, Business, Local & State, News
Major parties in Robert Indiana lawsuit reach settlement
Caveats remain and the details are not public, but the late artist’s estate, art dealer and foundation have signed an agreement.
Posted inBusiness, Local & State
Injured rigger visits BIW to thank co-workers, union for raising $61,000
The Machinists Union is providing the funds to help a shipbuilder recover from a gruesome injury at Bath Iron Works.
Posted inBusiness, Nation & World
U.S.-China tensions threaten global climate change efforts
China and the United States are the world’s No. 1 and No. 2 carbon polluters, respectively, pumping out nearly half of the fossil fuel fumes that are warming the planet’s atmosphere.
Posted inBusiness, Local & State
State opposes bill that would extend jobless benefits to Maine’s self-employed workers
The Maine Department of Labor says federal laws would have to change before it could set up a system to benefit workers who are not covered by state unemployment insurance.