The PUC agrees to waive state review of the deal in which Spanish energy giant Iberdrola will acquire the remaining shares in Central Maine Power’s parent company, Avangrid.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News
U.S. retail sales ticked up last month in sign of ongoing consumer resilience
The Federal Reserve could provide an additional boost to consumers and the economy by lowering borrowing costs.
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Posted inBusiness, Nation & World, News
Major companies abandon LGBTQ+ rights report card after facing anti-diversity backlash
Businesses like Ford, Harley-Davidson and Lowe’s are ending their participation in the Corporate Equality Index amid pressure from conservative activists.
Posted inBusiness, Kennebec Journal, Maine, News
Route 201 reconstruction in Hallowell will address storm drainage, state says
Starting in 2026, the Maine DOT will repave and reconstruct U.S. Route 201 through Hallowell, excluding a portion of downtown where work has already been completed.
Posted inBusiness, Nation & World
Instagram makes teen accounts private as pressure mounts on app to protect children
‘Sensitive’ content will be limited, a ‘sleep mode’ will turn off notifications overnight, and teens will receive notifications after 60 minutes of using the app.
Posted inBusiness, Maine, News
Department of Interior announces 1st wind energy lease auction for Gulf of Maine
Officials said that the 8 areas could produce as much as 13 gigawatts of clean wind energy – enough to power 4.5 million homes.
Posted inBusiness, Maine, News
Postal Service scraps plan to reduce role of Hampden facility
The change would have moved outgoing mail processing from Hampden to a facility in Scarborough, roughly 130 miles away.
Posted inBusiness, Nation & World, News
TikTok, U.S. government face off in court over law that could ban popular platform
TikTok argues that the law is unconstitutional, while the Justice Department says it is needed to eliminate a national security risk due to the platform’s Chinese ties.
Posted inBusiness, Election 2024, Nation & World, Politics
Betting on elections threatens confidence in voting and should be banned, U.S. agency says
The federal government is warning that allowing people to bet on the outcome of U.S. elections poses too much of a risk to be allowed in the United States
Posted inBusiness, Nation & World
Will the Federal Reserve cut interest rates fast enough to deliver a ‘soft landing’?
The rate cut expected Wednesday is likely to be just the first that should make borrowing more affordable now that the Fed has deemed high inflation to be all but defeated.