WASHINGTON — Transportation Secretary nominee Pete Buttigieg will tell a Senate panel Thursday that he hopes to help the Biden administration shepherd through Congress a massive investment in infrastructure, calling it the key to helping regrow the economy. “Infrastructure can be the cornerstone of all this,” he is expected to say in testimony prepared for […]
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Local & State
Jobless claims remain high in Maine amid unrelenting pandemic
About 3,800 Maine residents filed a new unemployment insurance claim last week, and over 49,000 continuing claims were filed.
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Posted inBusiness, Local & State
Opponents of $1 billion CMP power line have enough signatures for referendum
It’s the second referendum drive aimed at stopping the project.
Posted inBusiness, Nation & World, News
U.S. jobless claims decline to a still-high 900,000
Once vaccines become more widely distributed, economists expect growth to accelerate in the second half of the year.
Posted inBusiness, Local & State
Pandemic creates winners and losers in Maine’s commercial real estate market
Grocery and home improvement stores, as well as industrial spaces, are booming, but many restaurants have closed and new office development has ground to a halt.
Posted inBusiness, Nation & World
Wall Street hits records as hopes build for more stimulus
A better-than-expected start to earnings reporting season also helped lift the market Wednesday.
Posted inBusiness, Local & State
Judge says he’ll rule soon on Portland hazard pay challenge but expects an appeal
No matter the ruling, the case will likely go to the state’s top court for a final decision.
Posted inBusiness, Nation & World
Chinese e-tycoon ends silence with online video
Billionaire Jack Ma disappeared from public view after he irked regulators by criticizing them in an Oct. 24 speech at a Shanghai conference.
Posted inBusiness, Nation & World
Work on Keystone XL pipeline suspended before Biden revoked permit
The 1,700-mile pipeline would carry roughly 800,000 barrels of oil a day from Alberta to the Texas Gulf Coast.
Posted inBusiness, Local & State, News
Federal appeals court upholds Maine’s quarantine requirements for out-of-staters
The owners of two campgrounds and two restaurants sued the state last spring over a 14-day quarantine rule for out-of-state visitors.