The effects won’t reach the state for over a month, one expert said. But there could be delays in restocking various goods, and consumers may see prices go up.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine, News
Lack of snow takes pressure off Maine’s plowing budgets, workforce
State agencies and municipal public works departments saved money allocated for snowstorm response, but diverted some of that to deal with major flooding in December and January.
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Posted inBusiness, Maine, News
Could a collapse like Baltimore’s Key Bridge happen in Portland? Maine officials weigh in
Experts note that there are 3 large differences between the Casco Bay and Francis Scott Key bridges.
Posted inBusiness
Maine State Credit Union supports local communities through Drive for Good and Ending Hunger Campaign
AUGUSTA — Maine State Credit Union recently announced that it donated over $250,000 to local animal shelters, food banks and community-based organizations in 2023. The money was raised through a combination of employee and member-based programs, including its new Drive for Good program and its annual Ending Hunger in Maine campaign. “Maine State Credit Union […]
Posted inBusiness
Nick Lacasse assumes presidency of Hallowell Area Board of Trade
The Hallowell Area Board of Trade recently announced the appointment of Nick Lacasse as its new president. Lacasse, a seasoned leader with a passion for community development, is set to steer the organization toward a new era of growth and prosperity, according to a news release from the board. As a dedicated member of the […]
Posted inBusiness
Thomas College welcomes King to board of trustees
Brian King is a senior executive with Bank of America and president of Bank America Maine and a 1993 graduate of Thomas College.
Posted inBusiness
Who wouldn’t like prices to start falling? Careful what you wish for, economists say
‘There are,’ the Bank of England warns, ‘more consequences from falling prices than meets the eye.’
Posted inBusiness, Maine
Portland’s legendary Time & Temp sign has gone dark – for now
The building’s owner says a leak shut down the controls to one of Portland’s most well-loved landmarks.
Posted inBusiness, News
Rush of asset-seizure cases puts Putin’s tycoons on high alert
The latest example is the nationalization of Russia’s largest pasta producer.
Posted inBusiness, Nation & World, News
Migrant workers who helped build modern China have scant or no pensions, and can’t retire
China’s first generation of migrant workers played an integral role in the country’s transformation from an impoverished nation to an economic powerhouse.