A pullback in technology stocks and companies that rely on consumer spending keeps the market’s gains in check.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Local & State, News
Maine’s infrastructure gets a C- from civil engineers
Slightly better than the nation’s average D+ grade, Maine’s roads, bridges, wastewater plants are still in dire need of upgrades, according to the American Society of Civil Engineers.
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Posted inBusiness, Local & State, News
CMP says delay will cost millions, as judge hears challenge to corridor
Environmental groups are contesting a permit for the $1 billion New England Clean Energy Connect project, but CMP says even a six-month delay will cost $31 million.
Posted inBusiness, Nation & World
Fed and Treasury urge Congress to approve more virus relief
Without more assistance, people will lose their homes and small businesses will fail, Federal Reserve Chairman Jerome Powell tells a House committee.
Posted inBusiness, Nation & World, News
Dogs only: U.S. tightens definition of service animals on planes
Airlines argued that passengers abused the previous policy to bring a menagerie of animals on board, including cats, turtles, pot-bellied pigs and, in one case, a peacock.
Posted inBusiness, Food & Dining
The Wrap: More restaurants reinvent themselves
Central Provisions becomes a sandwich shop, and Elsmere temporarily closes its Portland location.
Posted inBusiness, Local & State, News
Health officials fear post-Thanksgiving surge despite low travel numbers in Maine
Traffic on the state’s roads last week hit the lowest point since May, but concerns linger that those who did travel could spark new coronavirus infections.
Posted inBusiness
U.S. holiday sales are booming, just not in stores
Americans are opening their wallets at record levels this season, no matter how thin the in-person crowds look.
Posted inBusiness, Local & State
Chamber sues to stop hazard pay provision approved by Portland voters
The lawsuit asks a judge to declare unconstitutional the hazard pay that’s part of minimum wage initiative.
Posted inBusiness, Nation & World
Cyber Monday shoppers fall short of projection but still post record at $10.8 billion
The gusher of online spending was a record, rising 15% from 2019.