The collapse occurred at a closed power plant in South Boston that is being redeveloped.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
Fed raises key interest rate by a half-point to tame highest inflation in 40 years
The Federal Reserve’s credit tightening will likely mean higher borrowing rates for many consumers and businesses over time, including for mortgages, credit cards and auto loans.
advertisement
Posted inBusiness, Nation & World
New Jersey company indicted on charges of smuggling valuable eels
The Justice Department said the defendants conspired to unlawfully smuggle large numbers of baby European eels out of Europe to a factory in China.
Posted inBusiness, Maine
Maine fishermen set record for value of catch in 2021
The increased value of several seafood products that year helped the state set the record.
Posted inMaine Commercial Real Estate, Real Estate
Maine Commercial Real Estate Transactions: April 2022
Recent sales and leases for land, industrial, office, retail and more
Posted inBusiness, Maine
Home heating oil prices across Maine nearly hit $6 per gallon
With warmer weather and U.S. reserves being released, a downturn in price is expected but the timing is hard to predict.
Posted inBusiness
Fed to fight inflation with fastest rate hikes in decades
Making it costlier to borrow — for a car, a home, a business deal, a credit card purchase — will compound Americans’ financial strains and likely weaken the economy.
Posted inBusiness, Nation & World
New Zealand welcomes back tourists as pandemic rules eased
Travelers from the U.S., Canada, Britain, Japan and more than 50 other countries were let in Monday for the first time in more than two years.
Posted inBusiness, Maine
Owner of the Shawmut Dam on Kennebec River to make changes to try to save salmon
Brookfield Renewable U.S. said Monday that it has begun shutdown procedures for dams on the lower Kennebec River to help the salmon migrate.
Posted inBusiness, Nation & World, News
Amazon workers at second NYC warehouse reject union in a reversal of fortune
Amazon warehouse workers rejected a union bid on Monday, dealing a blow to organizers who last month pulled off the first successful U.S. organizing effort in the retail giant’s history.