President Trump says he’ll withhold funding from the U.S. Postal Service to prevent the expansion of mail-in voting, raising widespread objections in the House and Senate.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, Politics
Private prison industry backs Trump, prepares if Biden wins
Speaking to investors last week, the founder of the private prison company GEO Group predicted his company would rebound after the November election.
advertisement
Posted inBusiness, Local & State
Supreme court rules CMP corridor referendum unconstitutional
The Maine Supreme Judicial Court finds that the initiative to reverse a decision by the Public Utilities Commission ‘exceeds the scope of the people’s legislative power.’
Posted inBusiness, Local & State
Portland-based ImmuCell reports increased revenue, net loss for second quarter
The bovine health products maker reported sales of $3 million and a net loss of $766,000 for the quarter ending June 30.
Posted inBusiness, Local & State
Nearly 80,000 Mainers still receiving unemployment benefits
At least 77,000 continued claims for jobless benefits were filed in the first week of August as the number of initial claims continued to trend downward.
Posted inBusiness, Nation & World, News
U.S. jobless claims fall below 1 million but remain high
The Labor Department said applications fell to 963,000, the second straight drop, from 1.2 million the previous week.
Posted inBusiness, Local & State
Remotely affected: Empty offices are hurting businesses that serve them
Companies that cater to offices and office workers are finding a challenging business environment with large numbers of people working from home.
Posted inArts & Entertainment, Business, Nation & World
Sumner Redstone, who built media empire including CBS, dies at 97
Under his watch, Viacom became one of the nation’s media titans.
Posted inBusiness, Nation & World
Boston Fed chief: States’ rush to reopen has slowed U.S. recovery
Eric Rosengren’s comments are some of the most specific yet by a Fed official tying the health of the economy to the nation’s ability to control the virus.
Posted inBusiness, Nation & World, Politics
U.S. Chamber of Commerce raises concerns over Trump payroll tax break
Democrats have blasted the plan as an attempt to undermine Social Security’s finances.