The controversial proposal to redevelop a run-down shopping plaza didn’t fit with hopes for the neighborhood, according to city officials and residents.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine, Uncategorized
After 47-year run, Olympia Sports to close its doors
The company began by opening a store at the Maine Mall in South Portland in 1975 and at one point had 226 stores on the East Coast.
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Posted inBusiness, Nation & World
Twitter, in Musk fight, posts surprising drop in revenue
The underlying numbers at Twitter, however, were good as the number of daily active users rose 16.6%.
Posted inBusiness, Nation & World
Ukraine, Russia sign UN deal to export grain on Black Sea
The agreement ends a wartime standoff that had threatened food security around the globe.
Posted inBusiness
Amazon to buy primary care provider One Medical for $3.9 billion
The deal comes as Big Tech companies face scrutiny from lawmakers over their market power.
Posted inBusiness, Nation & World
Events in Jimmy Hoffa’s disappearance
He was declared legally dead in 1982.
Posted inBusiness, New England, News
Entire New Hampshire ski resort management team resigns
Gunstock Mountain Resort closed after its management team resigned amid growing tensions with the 5-member commission that oversees the resort.
Posted inBusiness, Maine
‘Making Maine Work’ report highlights new priorities of business community
This year, the shortage of entry-level workers was followed closely by high energy costs, the need for technical workers, and the need for workforce housing.
Posted inBusiness
Stocks end higher as winning week rolls on
Wall Street’s rally is attributed mainly to strong profit reports from big U.S. companies.
Posted inBusiness, Nation & World
New lunar rover in the works as NASA moon mission advances
The vehicle is being built for extended use.