The number of weekly unemployment claims last week fell to their lowest point since mid-March, but more than 1,000 Mainers filed new claims for jobless aid.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News
As virus rages, U.S. economy struggles to sustain a recovery
Every week, roughly 1 million new Americans are applying for unemployment benefits – a depth of job insecurity not seen in any single week during the depths of the 2007-2009 Great Recession.
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Posted inBusiness, Local & State
Maine approves double-digit rate cuts for Affordable Care Act insurance
Insurance providers cited the revival of Maine’s reinsurance program as a reason they can decrease average rates for individual plans in 2021.
Posted inBusiness, Nation & World
White House weighs options to prevent airline furloughs
The airlines and their unions are putting pressure on Congress and the White House to approve more taxpayer help for the industry.
Posted inBusiness, Nation & World
Oil industry shuts platforms, rigs, refineries before storm
The industry was already hammered since the start of the year, struggling with low prices after the coronavirus decimated demand.
Posted inBusiness, Nation & World
More blowout profits from tech companies push S&P 500 higher
The benchmark index rose 1 percent Wednesday, even though most of the stocks within it closed lower.
Posted inBusiness, Nation & World
McDonald’s internal investigation extends beyond ousted CEO
The company is looking into its human resources department to determine if Steve Easterbrook, who exited abruptly in November, covered up misconduct for others in that department.
Posted inBusiness, Nation & World
Facebook: Apple privacy changes will muck up online ads
The social media network says the rules could reduce what apps can earn by advertising through Facebook’s audience network.
Posted inBusiness, Kennebec Journal, Local & State, Schools and Education
Augusta businesses deliver free meals to educators as start of school nears
Three members of the Augusta Board of Education organized the weeklong effort to provide meals to Augusta school staff as they prepare to start instruction during the coronavirus pandemic.
Posted inBusiness, Local & State
New jobless aid to have limited benefits as more Mainers slip into poverty
Struggling Mainers have turned to state assistance to make ends meet since enhanced unemployment benefits expired at the end of July.