People & Places: Stephen Wallace promoted to senior vice president.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
U.S. consumer borrowing up in June after 3 months of declines
But the category of borrowing that covers credit cards fell for a fourth month, dropping by $2.3 billion.
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Posted inBusiness
S&P 500 ekes out 6th straight gain following jobs report
Wall Street’s big rally let off the accelerator on Friday, despite a better-than-expected report on the U.S. job market.
Posted inBusiness, Nation & World
Postal Service loses $2.2 billion in 3 months as virus woes persist
The new postmaster general, Louis DeJoy, disputes reports that his agency is slowing down election mail or any other mail.
Posted inBusiness, Local & State
Maine leaders urge Congress to end gridlock on COVID-19 relief package
Maine progressive leaders and Democratic lawmakers held a virtual news conference Friday to stress the need for another infusion of federal funds.
Posted inBusiness, Local & State, News
Judge dismisses lawsuit against Mills by Sunday River Brewing and other businesses
The lawsuit challenged the constitutionality of Gov. Janet Mills’ restrictions on their businesses during the pandemic.
Posted inBusiness, Nation & World
Canada outpaces U.S., recouping 55% of jobs lost to pandemic
The employment gains were largely expected as provinces moved to more aggressively reopen their economies, prompting businesses to rehire workers.
Posted inBusiness, Local & State
Enforcement of Maine’s strict online privacy law begins without clear strategy
The state’s attorney general said most internet service providers affirm they are complying, but a group of large providers is fighting the law in court.
Posted inBusiness, Local & State, Nation & World, Politics
How Sen. Collins was lobbied to write the PPP exception that benefited hotel chains
The lobbyist who pushed for the change is a former longtime aide to the Maine senator.
Posted inBusiness, Nation & World, News
U.S. adds 1.8 million jobs in a sign that hiring has slowed
Job growth slowed in July, evidence that the resurgent coronavirus is stalling hiring and slowing an economic rebound.