Shares of Carnival Corp., Royal Caribbean Cruises Ltd. and Norwegian Cruise Line Holdings Ltd. tumbled on the news.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine
Maine will be allowed to make its case in federal lawsuit over lobstering restrictions
Gov. Janet Mills’ office said Thursday that it sought to intervene in the lawsuit to stand up for Maine’s lobstermen and women.
advertisement
Posted inBusiness, Nation & World
Mortgage rates tick up but remain low in final days of 2021
Many economists expect rates to rise next year after the Fed announced that it would begin dialing back its monthly bond purchases.
Posted inBusiness, Maine, News
National Heritage Area designation studied for Hancock, Washington counties
The proposed area would be called the Downeast Maine National Heritage Area.
Posted inBusiness, Maine
For states like Maine with cold winters: More aid but also rising costs
In Maine, people in need of aid will have access to an extra $55 million this year because of the funding boost.
Posted inBusiness, Nation & World
Stocks meander higher, scoring another record for S&P 500
Wall Street ended another wobbly day mostly higher Wednesday, enough for the S&P 500 and Dow Jones Industrial Average to notch record highs
Posted inBusiness, Nation & World
Suits against OxyContin owners on hold; negotiations ordered
A judge has kept lawsuits against OxyContin maker Purdue Pharma and members of the Sackler family who own it on hold until Feb. 1 but ordered the parties to negotiate a new settlement
Posted inBusiness, Nation & World
More cruise ships under CDC investigation due to COVID-19 cases
One U.S. senator is calling for the CDC and cruise lines to again halt cruise travel, 6 months after the industry mounted its comeback, but the industry has announced no such plans.
Posted inBusiness, Maine, News
Maine commission issues recommendations to boost affordable housing
The legislative commission created to address Maine’s housing crunch is suggesting relaxed zoning and denser housing projects.
Posted inBusiness, Health, Nation & World, News
U.S. move to shorten COVID-19 isolation stirs confusion, doubt
The decision to shorten the recommended COVID-19 isolation and quarantine period from 10 days to five is drawing criticism from some medical experts.