The S&P 500 index fell into a bear market by dropping more than 20% from the record high set in January.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, News
Maine housing market may be easing for buyers, November numbers show
Prices are still rising, but at a slower pace than during the past two years, and mortgage rates fell slightly last month, according to data released Wednesday.
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Posted inBusiness, Maine, Morning Sentinel
Cincinnati-based manufacturer acquires Benton company, plans facility at FirstPark in Oakland
The agreement between Meyer Tool Inc. and B&B Precise Products Inc. is expected to allow B&B to raise capital for a $3 million, 15,000-square-foot expansion of its facility on Route 100 in Benton.
Posted inBusiness, News, Politics
Lobster legislation a ‘Christmas miracle’ for Maine’s industry – if it passes
Maine’s congressional delegation and Gov. Janet Mills on Wednesday made their case for the six-year pause on new lobstering regulations. If approved, money for developing new fishing practices could start flowing this spring.
Posted inBusiness, Nation & World, News
U.S. home sales fell in November for 10th consecutive month
Home prices continued to rise last month, though at a far smaller rate than just a few months ago.
Posted inBusiness, Uncategorized
Financial help requested for new Best Western hotel planned for Farmington
Rick Collins is looking for TIF assistance for a new hotel he plans to build across from Palmer Realty Group on the Wilton Road.
Posted inBusiness, Uncategorized
Skowhegan opioid treatment clinic expands to Farmington
Provider Services, a medical clinic based in Skowhegan that specializes in opioid addiction, is opening a new location in Farmington to provide access to medically assisted treatment to new clients as well as existing clients that live in or around the area.
Posted inBusiness, Uncategorized
Wilton woman sets up bakery in Farmington
Abigail Penney of Wilton is expanding her business, B&B Bakery, by adding a new storefront location is downtown Farmington.
Posted inBusiness, Nation & World
Racers, mechanics, tinkerers converting classic cars to EVs
For enthusiasts, it offers the best of both worlds: a classic body with improved performance.
Posted inBusiness, Nation & World, News
Spurred by regulators, 3M to phase out ‘forever chemicals’
The decision comes after environmental regulators designated the chemicals — used in nonstick frying pans, water-repellent sports gear, stain-resistant rugs, cosmetics and countless other consumer products – as hazardous substances.