Casual restaurants have seen more pronounced difficulties because they depend on customers with lower incomes and have to compete with fast food chains employing the same tactics.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
Bitcoin has surpassed $100,000 mark as post-election rally continues. What’s next?
The cryptocurrency officially rose six figures Wednesday night, just hours after the president-elect said he intends to nominate cryptocurrency advocate Paul Atkins to be the next chair of the Securities and Exchange Commission.
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Posted inBusiness, Maine, News
Development of retail store could bring new business to Fairfield
The 10,500-square-foot retail store would be developed at 211 Center Road, according to the town’s conditional use permit.
Posted inBusiness, Maine, News
Businesses will pay for packaging disposal under new state rules
The state Board of Environmental Protection adopted the rules Thursday despite opponents saying the regulations are unclear and the costs will be passed on to consumers.
Posted inBusiness, News
Heather Sanborn, former Portland lawmaker, tapped to be Maine’s next public advocate
Gov. Janet Mills says Sanborn, a small-business owner and lawyer, understands the challenges ratepayers face as the cost of electricity rises.
Posted inBusiness, Maine, Politics
Maine finalizes rules for new paid family leave program
The state will begin collecting a 1% payroll tax in January, and benefits will be paid out starting in 2026.
Posted inBusiness, Health, Nation & World, News
Police hunt for UnitedHealthcare CEO’s masked killer after ‘brazen, targeted’ attack on NYC street
Brian Thompson, 50, was shot around 6:45 a.m. as he walked alone to the New York Hilton Midtown from a nearby hotel, police said.
Posted inBusiness, Maine, News
MaineHousing awards nearly $13 million in tax credits to affordable housing projects
The seven projects include 141 units for older adults in Bath, Portland and Windham, and 179 units for families in Portland, Biddeford and Mexico.
Posted inBusiness, Nation & World, News
Nearly 30% of U.S. drugstores closed in one decade, study shows
Black and Latino neighborhoods were most vulnerable to the retail pharmacy closures, researchers said in a study published Tuesday in Health Affairs.
Posted inBusiness, Nation & World, News, Uncategorized
U.S. seeks to end subminimum wage for workers with disabilities
Since the New Deal, federal law has authorized the department to permit paying particular employees a lower ‘special minimum wage’ on the grounds that their disabilities impair their productivity.