News about shortages may have pushed some to begin holiday shopping early, in October.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Kennebec Journal, Maine
Organic dairy farmers in Maine, Northeast offered new assistance in wake of contract cancellations
The proposal falls short of what state officials and organic agriculture groups had sought after Horizon Organic announced in August that it would not renew dairy contracts with organic dairy farms across the Northeast, including 14 in Maine.
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Posted inBusiness, Maine, Nation & World
Passenger rail receives historic funding as Downeaster turns 20
In Maine, municipal leaders want to see the Boston-to-Brunswick service expanded to other parts of the state, and a bill signed by the governor would study the issue.
Posted inBusiness, Nation & World, Politics
Congress sends Biden $2.5 trillion debt limit hike, avoiding default
The House gave final approval to the legislation early Wednesday morning on a near-party-line 221-209 vote.
Posted inBusiness, Nation & World
Fed will tighten credit faster, expects to raise interest rates 3 times in the coming year
In an abrupt policy shift, the Fed announced Wednesday that it will shrink its monthly bond purchases at twice the pace it previously announced.
Posted inBusiness, Maine, News, Politics
Gov. Mills nominates attorney as next public advocate
William Harwood is an attorney with broad experience working on utility issues and currently serves as the senior adviser for regulatory affairs in the governor’s energy office.
Posted inBusiness, Nation & World
New York City to fine businesses $1,000 for defying vaccine mandate
The city will also apply escalating penalties thereafter if violations persist.
Posted inBusiness, Maine
Horizon Organic to extend Maine, other Northeastern milk contracts 6 months
Maine Gov. Janet Mills called the company’s offer a “modest but welcome development.”
Posted inBusiness, Nation & World, News
Worker at Kentucky candle factory says she risked discipline if she left job as storm neared
Kentucky’s governor says the state’s workplace safety agency will look into the eight deaths Friday night at Mayfield Consumer Products.
Posted inBusiness, Nation & World, News, Politics
Congress approves $2.5 trillion increase in debt limit, avoiding default
Established in 1917, the debt ceiling serves as a brake on spending decisions already approved by Congress and the White House – some decades ago.