With high overhead and almost no revenue, the companies are pinning their hopes on a federal bailout that may not come.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, News
IRS is sending extra money to nearly 14 million Americans
It’s the interest on your tax refund, if you filed after April 15 this year.
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Posted inBusiness, Nation & World
S&P 500 takes a step back after setting record; yields rise
Indexes turned lower Wednesday afternoon after the Federal Reserve released the minutes from its latest policy meeting.
Posted inBusiness, Nation & World
Apple reaches $2 trillion market value as tech fortunes soar
It and other well-established tech giants have thrived during the upheaval caused by the coronavirus pandemic.
Posted inBusiness, Nation & World
Maine delegation urges Trump to make good on lobster promise
President Trump issued a memorandum in June that called on the U.S. Department of Agriculture to offset losses the lobster industry has suffered due to trade hostilities with China, and the deadline is Monday.
Posted inBusiness, Politics
Donald Trump pitches boycott of Goodyear tires, says they ban MAGA hats
President Donald Trump is urging people not to buy tires from Goodyear
Posted inBusiness, Local & State, Nation & World, News
Chicks shipped by mail are arriving dead, costing Maine farmers thousands of dollars
Several Maine poultry farms have received shipments of hundreds of chicks that died while being delivered by the U.S. Postal Service, either because the shipments were delayed or mishandled.
Posted inBusiness, Local & State
Dairy farmers, specialty crop growers see most Maine coronavirus aid
Farmers in the state have received nearly $20 million in total.
Posted inBusiness, Nation & World, Politics
Democrats, Republicans seek a path forward on stimulus talks, including USPS funding
House Speaker Nancy Pelosi suggested that Democrats might be willing to cut more from their proposal to reach agreement on immediate needs.
Posted inBusiness, Nation & World
Pandemic is shifting how consumers use gig companies
Fear has led many who once used shared vehicles to stay home, and grocery delivery services are struggling to keep up with demand.