President Biden acknowledged the ban will cause gas prices to rise.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Food & Dining, Maine
Organic dairy co-op offers membership to 80 Northeast farms
Last summer, Danone, the parent company of Horizon Organic, announced it would stop buying milk from dozens of Northeast farms, including 61 in Maine.
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Posted inBusiness, Kennebec Journal, Maine
Gasoline prices march up in central Maine as U.S. tightens economic sanctions against Russia
While gas prices have been rising steadily over the last year, the Russian invasion of Ukraine and the U.S. ban on Russian oil imports announced Tuesday has focused attention across central Maine on recent price spikes.
Posted inBusiness, Maine, Word on the Street
Word on the Street: Augusta’s Red Barn launching a food truck for nursing, veterans homes
Owner Laura Benedict said in a Facebook post the new truck will be making stops to serve complimentary meals.
Posted inBusiness
McDonald’s, Starbucks, Coke, GE pull out of Russia over war
The burger chain’s CEO says employees of shuttered stores will continue being paid.
Posted inBusiness, Kennebec Journal, Maine
Hallowell council votes 5-2 to approve amended tax break deal for ice arena
The amended agreement would provide an additional $110,000 in TIF revenue for the city as part of a 10-year deal with the Camden National Bank Ice Vault.
Posted inBusiness, Nation & World
U.S. strikes harder at Putin, banning all Russian oil imports
The action follows pleas by Ukrainian President Volodymyr Zelensky to U.S. and Western officials to cut off the imports, which had been a glaring omission in the massive sanctions put in place on Russia.
Posted inBusiness, Nation & World
As energy prices soar, weatherizing homes gains new appeal
Plugging holes and insulating walls and attics is one of the most effective ways to lower costs, experts say.
Posted inBusiness
Kohl’s to open 100 small-format stores, expand Sephora shops
The chain says it continues to acquire millions of new customers with its partnership with Amazon.com.
Posted inBusiness, Maine
Ukraine crisis sends fossil fuel prices soaring in Maine
Gasoline prices are approaching a record high, and heating oil already has surpassed the previous record.