Almost 700 small businesses and nonprofits seek aid in the first week of a $200 million economic assistance program created by the Mills administration.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
Capital One cuts card limits amid U.S. jobless-aid impasse
Some customers have complained their limits have been slashed by a third to two-thirds, eroding their ability to borrow in an emergency or potentially hurting their credit scores.
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Posted inBusiness, Nation & World
After nearly 200 years, Lord & Taylor goes out of business
The retailer announced it will permanently close its remaining 38 stores and shut down its website.
Posted inBusiness, Local & State
After spring surge, Maine grocery prices largely reverse course
Prices and supplies have steadied for most items following wild pandemic-induced swings, but some intermittent product shortages persist.
Posted inBusiness, Local & State
Lawsuit challenges access to prized piece of Portland’s working waterfront
Attorney Glenn Israel, who represents Soley Wharf, says the aim is to allow the owners to enforce parking and gear storage rules.
Posted inBusiness, Local & State, News, Outdoors
Owner rebuffs call to change name of ski area near Greenville
The resort near Moosehead Lake contains a derogatory term for Native American women.
Posted inBusiness, Nation & World
S&P 500 ticks up as ‘era of easy money’ looks set to last
The benchmark index rose 0.2 percent, to another all-time high, but it veered through a jumbled day of trading to get there.
Posted inBusiness, Local & State, News
Rapid, inexpensive COVID-19 test to be produced in Maine, creating 1,200 jobs
The White House announces a $750 million deal with Abbott Laboratories to have the company produce 150 million of its rapid-results tests for the federal government.
Posted inBusiness, Local & State
Rural Maine businesses get help to build renewable energy projects
More than 30 Maine businesses are receiving help from the federal government to launch rural renewable energy projects
Posted inBusiness, Nation & World, News
Federal Reserve: Rates to stay ultra-low even after inflation picks up
The change means the central bank is prepared to tolerate a higher level of inflation than it generally has in the past.