Now, the buildup in inventory has caused home prices to fall at some of the fastest rates in the nation.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Local & State
Maine lobstering gear linked to right whale death for first time
Officials have not confirmed whether the Maine gear caused the death of the whale found dead in Massachusetts in January.
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Posted inBusiness, Local & State
State panel rejects proposed mine near Baxter State Park
The Land Use Planning Commission voted 5-2 Wednesday to deny the rezoning bid from Wolfden LLC.
Posted inBusiness, Local & State
Environmental groups sue to force ship speed rules aimed at protecting rare whales
They filed a request in federal court to allow a paused lawsuit to go forward, saying endangered North Atlantic right whales need the protection of rules that NOAA proposed in 2022 but has yet to finalize.
Posted inBusiness
Mexican regulators tell Amazon to wall off Prime TV, reveal its algorithms and open up delivery
Online sellers have complained in the past that Amazon Prime forces vendors to use the company’s own delivery services.
Posted inBusiness
VW reviewing new forced-labor claims at Chinese plant
Allegations of human rights issues at the Chinese site prompted U.S. rating agency MSCI to give Volkswagen a ‘red flag’ in 2022.
Posted inBusiness
Cyberattacks on hospitals are likely to increase, putting lives at risk, experts warn
Hospitals are a favorite target for internet thieves who hold systems’ data and networks hostage for hefty ransoms, said John Riggi, the American Hospital Association’s cybersecurity adviser.
Posted inBusiness
Google wants to help track methane polluters spotted from space
The goal is to better identify opportunities to reduce emissions and unlock more aggressive climate action from governments and fossil fuel operators, many of which have committed to significant cuts by 2030.
Posted inBusiness, Lewiston-Auburn, News
Small business grants offer financial assistance to cover losses from COVID-19 pandemic
AVCOG Recovery Hub Grant Program focuses on businesses that received little or no government assistance.
Posted inBusiness, Nation & World
Thousands of U.S. Uber and Lyft drivers plan Valentine’s Day strikes
Justice for App Workers, which says it represents 130,000 ride-hailing and delivery workers, is seeking higher wages, access to health care and an appeals process so companies can’t deactivate them without warning.