It’s the latest sign the housing market is cooling as intense competition leaves many would-be buyers on the sidelines.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine
Waterville City Council moves closer to granting license to marijuana retail store owner
City looking to issue license to a marijuana retail shop owner who was told earlier this year a marijuana store would be allowed on College Avenue. But the council later took action that effectively prohibited the store from opening.
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Posted inBusiness, Food & Dining
The Wrap: Common Ground Fair vendors gather, a call for recipes
Free coffee for a cause, Maine Lobster Week is underway, and a fermenting guru speaks
Posted inBusiness, Maine
CMP touts customer service fixes in bid to lift state-imposed earnings penalty
Central Maine Power says it has met or exceeded state-imposed customer service benchmarks and paid a record penalty of $10 million in revenue over 18 months.
Posted inBusiness
U.S. sues to stop deal between American Airlines and JetBlue
Attorney General Merrick Garland said the ‘alliance’ would be ‘an unprecedented maneuver to further consolidate the industry.’
Posted inBusiness, Lewiston-Auburn
Lewiston family brings a former apple orchard back to life
After a Lewiston native bought it as something to come home to after his Navy service ends in a few years, his family here started cleaning up the overgrown orchard. It responded so well to their TLC, they decided to open this fall.
Posted inBusiness, Maine
Section of I-295 in Portland to close for a weekend in October
The section of U.S. Route 1/Veranda Street that runs under the bridge will be closed for a week, from Oct. 18-25, as the new bridge is moved into place.
Posted inBusiness
Almost 100,000 extra pigs piling up on British farms
A shortage of CO2 – used to stun the swine before slaughter – might lead to empty pork and poultry shelves.
Posted inBusiness
Pilot shortage looms as the next challenge for airlines
Boeing estimates the world will need more than 600,000 new pilots in the next 20 years.
Posted inBusiness, Nation & World
Lawmakers attempt to revive nationwide eviction moratorium
Forcing people from their homes causes economic harm and exacerbates the public health crisis, supporters say.