Traders are rekindling hopes that the Federal Reserve may offer bigger-than-usual relief in whatever action it take on interest rates next week.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
Boar’s Head closing Virginia plant linked to deadly listeria outbreak
Boar’s Head expressed regret and deep apologies for the outbreak in a statement on its website.
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Posted inBusiness
Boeing factory workers go on strike after rejecting contract offer
The strike started soon after a regional branch of the International Association of Machinists and Aerospace Workers reported that in a Thursday vote, 94.6% of participating members rejected a contract offer.
Posted inBusiness, Maine, News
State foliage expert predicts vibrant display ‘for the record books’
Maine’s leaf-peeping season kicked off this week with the first foliage report of the fall from the Maine Department of Agriculture, Conservation and Forestry.
Posted inBusiness, Local Government, Maine, News
Two Farmington businesses support Police Department’s active shooter training
Franklin Savings Bank donated $2,000 and Kyes Insurance chipped in $1,641 to cover costs for active shooter training held earlier this year in Farmington.
Posted inBusiness
Franklin County apple producers see some issues, but apples are there to pick
Orchards in Farmington and New Sharon are open for picking.
Posted inBusiness
Kingfield Select Board moves forward with coffee shop proposal
The Kingfield Select Board is considering Whitney Rhodes’ proposal to open a coffee shop, but concerns over the town’s wastewater system have delayed approval pending further engineering assessments.
Posted inBusiness, Kennebec Journal, Maine
Economic struggles prompt popular downtown Gardiner restaurant to renovate, rebrand
Formerly The Blind Pig, the newly-conceived restaurant 266 StillWater opened this week to offer a different variety in cuisine in a downsized, refurbished space.
Posted inBusiness, Nation & World, News
China tests new ways to boost economy stifled by wall of austerity
The embrace of a more expansionary policy in China’s capital is effectively getting canceled out in the provinces, where authorities are in full belt-tightening mode.
Posted inBusiness, Maine, Schools and Education
UMaine System rescinds controversial sale of Belfast building to church, citing procedural issue
The change follows weeks of criticism from other bidders and community members over the procurement process for the Hutchinson Center.