Business
S&P 500 hits another record, marks 4th weekly gain in a row
Stocks added to their recent gains Friday, driving the S&P 500 and Dow Jones Industrial Average to new highs. The S&P 500 rose 0.4%, led by gains in companies that rely directly on consumer spending, health care stocks and banks, which benefited from higher Treasury yields. The ...
SolarWinds hacking campaign puts Microsoft in hot seat
BOSTON (AP) — The sprawling, monthslong hacking campaign deemed a grave threat to U.S. national security came to be known as SolarWinds for the company whose software update Russian intelligence agents stealthily seeded with malware to penetrate sensitive government and private ...
AP Interview: Beijing says US ‘too negative’ toward China
BEIJING (AP) — A top Chinese diplomat said Friday that U.S. policy toward China is "too negative" and that cooperation could be critically important as the Biden administration focuses on combatting COVID-19 and promoting economic recovery. The U.S. appears to be highlighting confrontation ...
Air Force One subcontractor countersues Boeing over delays
FORT WORTH, Texas (AP) — A subcontractor working on the new Air Force One aircraft for Boeing countersued the Chicago-based aircraft giant Friday over Boeing's allegations of missed deadlines for work on the presidential aircraft. In a seven-page lawsuit filed in state district court in ...
Justice Department sues Roger Stone over $2M in unpaid taxes
WASHINGTON (AP) — The Justice Department sued Donald Trump's ally Roger Stone on Friday, accusing the conservative provocateur and his wife of failing to pay nearly $2 million in income tax. The lawsuit was filed in federal court in Fort Lauderdale, Florida. It alleges the couple underpaid ...
No dice: Judge rejects challenge against NC casino plans
A federal judge on Friday rejected a legal challenge by the operator of North Carolina's two casinos, saying that the tribe had no grounds to oppose a competitor's plans for a third gambling operation in the state. The South Carolina-based Catawba Indian Nation has already begun working to ...
AP FACT CHECK: Biden hails record job growth, skips caveats
WASHINGTON (AP) — Taking a page from his predecessor's boastful ways, President Joe Biden is claiming credit for two months of record job creation as employers bring back many workers sidelined by the pandemic. Though his numbers are right, it's a misleading portrait. BIDEN: "The first two ...
Vartan Gregorian, longtime president of Carnegie Corp., dies
NEW YORK (AP) — Vartan Gregorian, the noted scholar and philanthropic leader who led the Carnegie Corporation of New York since 1997, died Thursday after being hospitalized for stomach pain. He was 87. "The Corporation has lost a devoted and tireless leader — an extraordinary champion of ...
March gambling revenue soars after 2020 virus shutdown
ATLANTIC CITY, N.J. (AP) — New Jersey's casino and sports betting revenue more than doubled in March compared from year ago — but that's because the emerging pandemic shut down casinos for the second half of the month last year. Figures released Friday by the state Division of Gaming ...
March US home construction jumps to fastest pace since 2006
WASHINGTON (AP) — U.S. housing construction rebounded strongly in March to the fastest pace since 2006 as home builders recovered from an unusually frigid February that shut down projects. Builders began construction on new homes and apartments at a seasonally adjusted annual rate of 1.74 ...
China’s growth surges to 18.3% but rebound leveling off
BEIJING (AP) — China's economy grew by double digits in the latest quarter but an explosive rebound from the coronavirus pandemic is slowing abruptly as manufacturing and consumer spending return to normal. The economy grew by 18.3% over a year ago, official data showed Friday, a figure ...
Sanctioned Russian IT firm was partner with Microsoft, IBM
The Treasury Department on Thursday slapped six Russian technology companies with sanctions for supporting Kremlin intelligence agencies engaged in "dangerous and disruptive cyber attacks." But only one of them stands out for its international footprint and partnerships with such IT ...
Global shares rise as vaccine wait tempers Wall St optimism
TOKYO (AP) — Global shares advanced Friday after China reported its economy expanded at an 18% annual pace in the first quarter of the year. France's CAC 40 added 0.2% in early trading to 6,247.86 while Germany's DAX gained 0.6% to 15,352.50. Britain's FTSE 100 rose 0.4% to 7,013.48. U.S. ...
EU-UK talks over Brexit fail to reach breakthrough
BRUSSELS (AP) — Top European Union and British officials failed to get a breakthrough at talks on Northern Ireland trade rules and said Friday that contact would continue over the coming weeks. The dinner meeting late Thursday between European Commission Vice President Maros Sefcovic and ...
Australian judge rules Google misled Android users on data
CANBERRA, Australia (AP) — Google broke Australian law by misleading users about personal location data collected through Android mobile devices, a judge found Friday. The Federal Court decision was a partial win for the Australian Competition and Consumer Commission, the nation's fair ...
A look at new Biden administration sanctions against Russia
The Biden administration on Thursday rolled out a sweeping set of sanctions on Russia over its election interference, hacking campaigns and other malign activity. A look at those sanctions: ELECTION-RELATED SANCTIONS The Treasury Department sanctioned 16 people and 16 entities related to ...
Swap the crop? New York hemp farmers eager to grow marijuana
ALBANY, N.Y. (AP) — Legal marijuana is coming to New York and hemp farmer Samir Mahadin sees it as a potential lifeline. Farmers dealing with depressed prices for plants that produce CBD are eager to take part in a statewide marijuana market expected to generate billions of dollars a year ...
Global stocks higher after Wall St retreats from record
BEIJING (AP) — Major global stock markets were mostly higher Thursday after Wall Street retreated from a record high as major U.S. banks reported strong profits. London and Frankfurt opened higher while Tokyo also advanced. Shanghai and Hong Kong declined. Wall Street futures were higher ...
Bangor Savings Bank donates nearly $1.2 million in past year to COVID-19 relief and diversity, equity and inclusion efforts
BANGOR, Maine – With 2020 certain to be remembered for COVID-19 and social unrest, Bangor Savings Bank focused its charitable giving in precisely those areas and finished its fiscal year with nearly $1.2 million in combined gifts and grants to Maine and New Hampshire organizations that are ...
Eversource earns 2021 Energy Star Partner of the Year Sustained Excellence Award
MANCHESTER — Eversource is proud to announce that it has received the 2021 ENERGY STAR® Partner of the Year Sustained Excellence Award from the U.S. Environmental Protection Agency (EPA) and U.S. Department of Energy (DOE). It was recognized for its continued leadership in energy efficiency ...