Stocks continued to march higher on Wall Street Friday amid a string of encouraging reports on hiring, consumer confidence and spending that point to an accelerating U.S. economy.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, Nation / World
SpaceX wins contract to develop spacecraft to land astronauts on the moon
The deal for the ‘human landing system’ marks another major victory for the hard-charging company founded by Elon Musk.
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Posted inBusiness, Nation / World
Sanctioned Russian IT firm was partner with Microsoft, IBM
The clients of Positive Technologies also include the FSB, a successor to the KGB that ‘cultivates and co-opts criminal hackers’ who carry out ransomware and phishing attacks, the Treasury Department says.
Posted inBusiness, Nation / World
Union, automakers headed for fight over battery plant wages
The United Auto Workers says General Motors and its joint venture partner have a ‘moral obligation’ to pay full union wages at battery factories.
Posted inBusiness, Maine
Hiring picks up in Maine, but jobless rate stays flat at 4.8%
Maine employers added more than 4,000 jobs in March, but the statewide unemployment rate was unchanged from February.
Posted inBusiness, Maine
Public Advocate Barry Hobbins to retire after decades in public office
Hobbins, a Democrat, served multiple terms in the state Legislature, and was appointed Maine’s Public Advocate by Republican Gov. Paul LePage in 2017.
Posted inBusiness, Lewiston-Auburn, The Buzz
Auburn approves Tambrands’ $15 million expansion and a new commercial subdivision off Kittyhawk
• New commercial subdivision could hold up to 200,000 square feet of development
• Five new apartments headed to Auburn
Posted inBusiness, Nation / World
Equal pay bill approved by House but faces long odds in Senate
The bill, which passed 217-210 on a mostly party-line vote, is the latest salvo in a long-running debate.
Posted inBusiness, Nation / World
Amazon must do ‘a better job’ for employees after union vote, Bezos says
He says the company should commit to improving worker satisfaction as much as it focuses on providing customer care.
Posted inBusiness, Nation / World
Google Earth adds time-lapse video to depict climate change
The company says it undertook the complex project in partnership with several government agencies, including NASA in the U.S. and its European counterpart.