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Markets shrug off Fed concerns for a modest rally

NEW YORK – Investors have stopped worrying about the Federal Reserve. At least for now. The U.S. stock market rose on Monday as investors judged that the economy still isn’t growing fast enough for the central bank to cut back on its stimulus program. U.S. manufacturing grew modestly in June after a pickup in new […]

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Local & State Dispatches

Maine inmate accused of punching officer / Kayaker rescued off the coast of Falmouth / LePage directing $100,000 to domestic violence group … and more news from around the state.

Posted inNews

New England Dispatches

Tourism officials expecting 1% rise in summer visitors / Lawmakers OK fund to help bomb victims who lost limbs … and more news from around the region.

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On the Move

NEW FACES • James Whelan was named vice president and business loan officer for Saco & Biddeford Savings Institution’s business lending department. Whelan, of Scarborough, is an accomplished commercial and business lending professional. Most recently, he was responsible for commercial real estate mortgage originations at Princeton Properties. • Kevin Shangraw was hired as a residential […]

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Briefcase

Eurozone nations’ jobless rate hit all-time high of 12.1 percent in May Unemployment across the 17 European Union countries that use the euro hit another all-time high in May, official data showed Monday. Eurostat, the EU’s statistics office, said the eurozone’s unemployment rate rose 0.1 percentage point in May to 12.1 percent. April’s unemployment rate […]