Thursday’s Labor Department’s report suggests that companies are still cutting a historically high number of jobs.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, News
Hawaiian defense contractor with Maine offices charged with bank fraud
Martin Kao, whose company has an $8 million, Defense Department-funded project in Maine, is suspected of falsifying applications to the Paycheck Protection Program.
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Posted inBusiness, Nation & World
Secretive, never profitable Palantir makes market debut
The company colors itself patriotic and belittles other tech firms that won’t unquestionably support U.S. dominance in war-fighting and intelligence.
Posted inBusiness, Nation & World
Google unveils latest Pixel phone, rolls out new TV service
The products announced Wednesday focus on two areas where the company has struggled to make significant inroads.
Posted inBusiness, Nation & World
Wall Street rallies to close out strong but wild quarter
It was the last day of a strong quarter for the market, where the S&P 500 rallied 8.5% to follow up on its 20% surge in the spring.
Posted inBusiness, Nation & World
U.S. economy slid 31.4% in spring, likely to shrink in 2020
The government’s last look at the second quarter showed a decline that was more than three times larger than the fall of 10 percent in the first quarter of 1958.
Posted inBusiness, Local & State, Morning Sentinel
Potential buyers of Fiberight waste plant narrowed to 3, as officials eye re-start of Maine plant
The waste-to-energy plant in Hampden, serving more than 100 Maine communities, has been shut down since May over financial problems.
Posted inBusiness, Health, Local & State, News
Prominent Maine doctor sues elder care operator claiming retaliation, discrimination
Dr. Jabbar Fazeli was medical director of a group of assisted-living facilities that he says mistreated him for being Muslim, then dismissed him for disagreeing with its treatment practices.
Posted inBusiness, Nation & World
Unfriendly skies: Airline workers brace for mass layoffs
The Payroll Support Program – which has been keeping carriers and their employees afloat – expires Thursday unless Congress passes more aid.
Posted inBusiness, Local & State, Nation & World, News, Times Record
Brunswick aerospace company sets date for rocket launch
BlueShift Aerospace hopes the Oct. 21 launch of the 540-pound Stardust 1.0 will strengthen Maine’s place in the growing industry.