Officials with New Mexico’s largest electric utility say a proposed multibillion-dollar merger with Avangrid, a U.S. subsidiary of global energy giant Iberdrola, has been scuttled.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Uncategorized
Top 25 for 2024: Best new theme park rides and attractions
Many parks have already begun construction on 2024 projects while other parks have only announced plans or launched teaser campaigns.
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Posted inBusiness, Uncategorized
List of electric car models eligible for $7,500 tax credit is cut to 13
The number of electric vehicle models eligible for a popular $7,500 consumer tax credit fell sharply as new rules from the Biden administration kicked in on Jan. 1. Narrower criteria reduced the number of qualifying models to 13 from about two dozen, according to federal data from fueleconomy.gov. The new rules exclude from the tax […]
Posted inBusiness
New data analysis suggests flights could be cheaper this year
A new data analysis indicates bright skies ahead when it comes to the anticipated cost of air travel for 2024. Amid the postpandemic “revenge travel” rush of 2022 and early 2023, airfare prices soared, boosted by the rising cost of jet fuel and overall economic inflation. According to a fresh data evaluation conducted by flight […]
Posted inBusiness
The record rush to buy a Rolex or a Patek Philippe is over
The biggest ever boom in Swiss luxury watches is coming to an end. For three years, the industry enjoyed a surge of renewed interest that kicked off during the pandemic, when wealthy – and cash-flush – consumers stuck at home began drooling over luxury mechanical wristwear from iconic Swiss brands. That turbocharged demand for timepieces […]
Posted inBusiness, Uncategorized
Xi vows to strengthen China’s economic recovery after ‘tough’ year
China’s youth unemployment hit a record high over the summer, before the government stopped publishing figures.
Posted inBusiness, Uncategorized
Consulting firm McKinsey agrees to $78 million settlement with insurers over opioids
Insurers and health care funds claimed that its marketing work with Purdue Pharma helped fuel an opioid addiction crisis.
Posted inBusiness, Maine, News
Maine’s minimum wage gets a lift
While the new statewide minimum wage is $14.15 an hour, up from $13.80 in 2023, Portland’s minimum wage is now $15 an hour, up from $14.
Posted inBusiness, Maine, News
Nordic reaffirms commitment to $500 million Belfast fish farm
Despite legal setbacks in 2023, the Norwegian aquaculture developer insists it is staying the course with its proposed 55-acre land-based salmon farm.
Posted inBusiness, Maine, Morning Sentinel
Waterville officials, real estate developers work to fill vacant buildings, upper floors in downtown
City officials estimate that downtown has space on upper floors of buildings to develop about 75 housing units.