Hotels, restaurant, tour operators, train travel and airlines saw revenue losses of ‘roughly 85-90%,’ officials report.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Food & Dining
Farmers markets are faring well during the pandemic
Farmers report they are seeing fewer customers, but that people are buying more.
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Posted inBusiness, Nation & World
Cheapest Labor Day gas prices in 16 years cast pall over oil industry
Gasoline prices on average this year are $2.22 per gallon, the lowest for this time of year since 2004.
Posted inBusiness, Kennebec Journal, Morning Sentinel, News
Central Maine business briefs: Attorney Matthew Morgan named partner of McKee Law firm
People & Places: Northern Light Women’s Health welcomes Stephanye Doucette.
Posted inBusiness, Local & State, Morning Sentinel
Main Street Skowhegan shows Susan Collins what local business needs to keep going
Main Street America, a national network of community revitalization organizations, is pushing for Congress to include a $100 million competitive grant in the next economic stimulus package to keep its local affiliates in business.
Posted inBusiness, Nation & World
Amazon expanding to 25,000 workers in Seattle suburb
Bellevue, Wash., hasn’t provided tax breaks or financial incentives to lure the tech giant.
Posted inBusiness, Nation & World
Stocks claw back some of their losses in another rocky day
The two-day sell-off handed the benchmark S&P 500 index its first weekly loss after five weeks of gains.
Posted inBusiness, Nation & World
Judge OKs extradition of men who allegedly helped ex-Nissan boss escape
Two Americans are accused of smuggling Carlos Ghosn out of Japan while he was awaiting trial there on financial misconduct charges.
Posted inBusiness, Local & State
Federal officials sign off on Maine’s plans for production of hemp
The state’s hemp program now includes 110 outdoor licenses and 362 licensed acres of planted hemp, as well as seven indoor grower licenses, the agriculture department said.
Posted inBusiness, Nation & World, News
U.S. unemployment rate falls to 8.4% even as hiring slows
Employers added 1.4 million jobs last month, down from 1.7 million in July and the fewest since hiring resumed in May.