More frequent and intense weather extremes and rising sea levels will drive up Maine home insurance premiums by 19% this year, the second-highest increase in the U.S., a recent report says.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, Maine, News
Businesses embrace ‘yes, you can pee in Portland,’ but the stalls seem stalled
A recent MIT study asked small businesses in the city about policy changes that would help their post-pandemic recovery. The response was a resounding call for more public restrooms downtown.
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Posted inBusiness, Nation / World, News
Amazon fined $5.9 million for breaking labor law in California
Amazon, the second-largest private employer in the United States, has long been criticized for the pace of work in its fulfillment centers and delivery stations.
Posted inBusiness, Maine, News
Heat wave trips up power plants, prompting New England grid operator to issue warning
ISO-New England declared a ‘Power Caution’ for more than 4 hours Tuesday as air conditioners cranked up at the start of what’s expected to be a 3-day heat wave.
Posted inBusiness, Nation / World
Relatives of people killed in Boeing Max crashes ask U.S. to fine the company $24.8 billion
During a hearing Tuesday, Sen. Richard Blumenthal, D-Conn., said there is ‘mounting evidence’ that the company should be prosecuted.
Posted inBusiness, Nation / World
NASA delays return of Boeing Starliner spacecraft to June 26
Officials will be examining whether the parachute system, which Boeing had to redesign after an earlier test flight without anyone on board, provides a safe landing in what would be the final act of Starliner’s first flight with humans on board.
Posted inBusiness, Nation / World, News
What research actually says about social media and kids’ health
Here’s what we do know about children and teens, social media apps and mental health.
Posted inBusiness
AI chip maker pushes out Apple, Microsoft to become world’s most valuable company
Nvidia’s stock market value rose to $3.3 trillion, surpassing Apple and Microsoft.
Posted inBusiness, Maine
CMP bills to go up another $5 a month to subsidize solar projects
Maine regulators OK the hike, which follows a $10 jump approved last week, to cover a nearly 50% increase in what CMP pays to solar developers under a state law designed to reduce greenhouse gas emissions.
Posted inBusiness, Maine, News
Wex is laying off 375 employees worldwide, including around 45 in Maine
A spokesperson for the global payment processing company based in Portland said the majority of the layoffs are coming from its Technology organization.