The Malone Family Tower is scheduled to open next month, completing an 8-year $588 million expansion.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
Walmart’s strong first quarter driven by Americans seeking bargains as inflation remains an issue
Walmart reported another quarter of strong results Thursday as its low prices pull in shoppers scouring for discounts with inflation stubbornly high.
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Posted inBusiness, Nation & World
On Wall Street, Dow makes history by topping 40,000 for first time
The stock market’s advance has been fueled by bets the Federal Reserve will be able to cut interest rates this year.
Posted inBusiness, Maine, News
New industry readies for launch as researchers hone offshore wind turbines that float
The University of Maine is home to the nation’s largest team of engineers dedicated to floating offshore wind.
Posted inBusiness, Nation & World
Justice Department formally moves to reclassify marijuana as a less dangerous drug in historic shift
‘This is monumental,’ President Biden said in a video statement, calling it an important move toward reversing longstanding inequities.
Posted inBusiness, Maine, News
Small businesses, municipalities urged to apply for portion of $35 million aid to rebuild after storms
The funding is part of a $60 million storm relief package secured by Gov. Janet Mills and lawmakers during the recent legislative session.
Posted inBusiness, Maine
Moody’s upgrades Maine’s credit rating to second-highest
The credit rating agency cites the state’s ‘sustained financial improvements including a large increase in reserves and solid pension contributions practices.’
Posted inBusiness, Maine
Experts urge developers to think small for solution to Maine’s housing crisis
The Maine Real Estate & Development Association’s annual spring gathering focused on creative ways to approach housing development by utilizing small lots, historic tax credits and the transformation of Portland’s zoning regulations.
Posted inBusiness, Maine
USPS says changes at Hampden mail facility are on hold – for now
The Postal Service had proposed converting the Hampden facility into a local processing center, which Maine’s delegation strongly opposed.
Posted inBusiness, Maine, News
Maine wood products companies get $1.6 million in federal grants
Treeline Inc. in Chester, Godfrey Forest Products in Jay and Tanbark in Saco will receive funding for innovative projects.