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Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Vinland restaurant closes permanently
The famously all-local restaurant in Portland could not survive the pandemic.
Striking workers at Bath Iron Works begin voting on contract
Striking production workers have started voting on a proposed 3-year contract at Bath Iron Works.
Movie theater trade group establishes COVID-19 protocols
It has been working for months to develop the rules in consultation with epidemiologists and industry experts.
S&P 500 ticks higher to record, powered again by tech stocks
But the stock market’s momentum has slowed recently after roaring back from its nearly 34% plunge from late February into March.
U.K. public debt breaches 2 trillion-pound mark for first time
Britain’s government has borrowed heavily to support the economy during the coronavirus pandemic.
European Union drops tariffs on U.S. lobster
The decision will put the U.S. on equal footing with Canada in what had traditionally been a huge export market for American lobster.
Maine homes sales, out-of-state purchases increase in July
Homes also got more expensive, with the median sales price increasing by nearly 11 percent from a year earlier to $254,900.
With new precautions, Market Basket opens in Westbrook
Shoppers who visited the chain’s second store in Maine on its first morning said they felt safe inside.
Maine jobless rate jumps to 10% as state applies for Trump-ordered benefits program
The state’s unemployment rate increased from 6.7% in June as more Mainers started looking for work and the state received more accurate survey data.