A legislative committee hearing on the proposal for greater scrutiny of the state’s major electric utilities led to hours of public comment, both for and against.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
Stocks extend rally, notching biggest weekly gain since 2020
Wall Street drew encouragement this week from the Federal Reserve, which announced its first interest rate hike since 2018 and signaled several more to come.
advertisement
Posted inBusiness, Nation & World
VW recalls over 246,000 SUVs due to unexpected braking
Many reported that warning lights and alarms also would go off, the driver’s side windows would roll down and the SUVs would suddenly brake while in traffic.
Posted inBusiness, Maine
Maine home sales fell sharply in February while prices jumped 21%
Sales statewide fell to 878 units last month from 1,062 in February 2021, a decrease of more than 17%.
Posted inBusiness, Nation & World, News
February home sales fall nationwide amid higher mortgage rates, prices
Sales declined 2.4% from February 2021 as the median home price jumped 15% from last year at this time to $357,300.
Posted inBusiness, Maine, News
L.L. Bean sales grow 14% during 2nd year of pandemic; workers get 12% cash bonus
Growing interest in the outdoors during the pandemic continues boost the Freeport-based retailer’s sales.
Posted inBusiness, Maine
Maine lobster industry fights lawsuit that aims to shut down fishery
The Center for Biological Diversity and others argue new federal restrictions being contested by the industry aren’t enough to save endangered North Atlantic right whales.
Posted inBusiness, Nation & World
Stocks extend rally even as oil climbs back above $100
The market’s latest gains come a day after the Federal Reserve raised its key interest rate for the first time since 2018, something Wall Street had been expecting for months.
Posted inBusiness, Maine, Morning Sentinel, News
Waterville program looks to boost startups, entrepreneurial efforts in central Maine
Initiative by Dirigo Labs to provide free training to 12 small businesses in ways to attract customers, develop products, navigate legal and financial hurdles, conduct marketing and more.
Posted inBusiness, Nation & World
Russian businesses in U.S. face backlash from war in Ukraine
Americans angered by Russia’s war on the Eastern European country are taking it out on Russian businesses, brands or anything that sounds Russian.