The Central Maine Commerce Center changed hands earlier this month for $18.5 million, the largest commercial real estate transaction in the Augusta area since 2019.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Uncategorized
FTX founder faces new charges in rewritten indictment
The new fraud charges raise the prison sentence Sam Bankman-Fried could face if convicted from 115 years to 155 years.
advertisement
Posted inBusiness, Nation & World, News
How credit scores are evolving to improve access to credit
Advocates say it’s positive that ratings agencies have started making it easier for consumers to prove that they’ll able to pay back money they borrow.
Posted inBusiness, Nation & World, News
Biden nominates former Mastercard CEO Ajay Banga for World Bank president
Trump appointee David Malpass announced plans to step down in June after being criticized last year for seeming, in comments at a conference, to cast doubt on the science that says the burning of fossil fuels causes global warming.
Posted inBusiness
Stocks stall in mixed trading day after worst drop in months
The Fed’s next move on rates will be in March.
Posted inBusiness
Jay paper mill closing earlier than expected
Employees at Pixelle Androscoggin Mill were told Wednesday morning that doors would be closing as early as March 6 rather than later in the spring as previously announced.
Posted inBusiness
How credit scores are evolving to improve access
Advocates say it’s a positive that ratings agencies have started making it easier for consumers to prove that they’ll able to pay back money they borrow.
Posted inBusiness, News, Uncategorized
Lack of inventory slowed Maine home sales in January
The most recent monthly data show the number of sales fell by double digits compared to a year ago, while prices rose modestly.
Posted inBusiness, Nation & World, News
No economic ‘knockout’ yet from West’s sanctions on Russia
The West’s export controls and financial sanctions appear to be gradually eroding Russia’s industrial capacity, even as its oil and other energy exports last year enabled it to keep funding a catastrophic war.
Posted inBusiness, Nation & World, News
UK grocers limit sales of some fruits, vegetables amid shortages
While industry analysts cite bad weather in Spain and Morocco, others blame Brexit.