People & Places: Maine Tourism Association celebrates milestone, inducts employees into Hall of Fame
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine
Price of marine fuel soars as Mainers head into prime boating season
The record cost of fuel is particularly problematic for lobstermen and fishermen, who face increased costs at a time when wholesale seafood prices are flat.
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Posted inBusiness, Nation & World
Wall Street breaks seven-week losing streak, longest since 2001
The strong finish for the week came as investors received potentially encouraging news about inflation.
Posted inBusiness, Kennebec Journal, Maine, News
Augusta considers new use for former Kmart building as demand for self-storage rises
A proposal to covert the former big-box store on Western Avenue into a self-storage facility has prompted conversations about how to reuse large, empty retail spaces.
Posted inBusiness, Nation & World
Prepare for sticker shock if you are traveling this summer
If you haven’t booked your summer vacation plans, you are already too late to snag the best deals, according to travel experts.
Posted inBusiness, Nation & World
Housekeepers struggle as U.S. hotels ditch daily room cleaning
Many hotels across the United States have done away with daily housekeeping service, making what was already one of the toughest jobs in the hospitality industry even more grueling
Posted inBusiness, Maine
Frenchman Bay salmon farm developer sues state for spiking its lease application
The Portland company, funded by Norwegian investors, proposed raising 66 million pounds of Atlantic salmon annually and operating a fish processing plant.
Posted inBusiness, Maine, News
Despite record gas prices, Memorial Day travel surge expected in Maine
With prices at the pump hovering above $4.70 a gallon, travelers and residents alike plan to take to the road for the traditional start of Maine’s peak tourism season.
Posted inBusiness, Nation & World, News
Key inflation gauge slowed to still-high 6.3% over past year
Consumer spending rose by a healthy 0.9% from March to April, outpacing the month-to-month inflation rate.
Posted inBusiness, Nation & World
Delta cutting flights due to staffing, COVID-19, weather disruptions
Delta’s cutback of its summer flight schedule comes after similar moves by other airlines facing staffing issues including American, JetBlue and Spirit.