Hill Hospitality, based in Easton, Maryland, plans to build a four-story Home2 Suites by Hilton at the corner of Industrial and Armory roads.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Local & State, Politics
Bill would set aside $50 million for Maine small businesses hurt by severe storms
They would be able to apply for one-time payments for state aid from the impacts of ‘severe weather-related events’ such as the storms that hit Maine in December and January.
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Posted inBusiness, Local & State, Politics
Lawmakers move to undo parts of Maine’s new automotive right to repair law
In a committee vote Tuesday, legislators passed a bill that would do away with a standardized platform that would store advanced repair data that manufacturers are now required to share.
Posted inBusiness
Lab-grown diamonds come with sparkling price tags, but many have cloudy sustainability claims
More Americans are looking for lab-grown gems for ethical or eco-friendly reasons, but making them requires massive amounts of energy and are often crafted in countries that rely heavily on burning coal for power.
Posted inBusiness, Local & State
Photos: Central Maine florists in full bloom for Valentine’s Day
Florists were busy across the region Tuesday as staff prepared for the annual day of love and affection.
Posted inBusiness
Flight attendants hold airport rallies to protest lack of new contracts, raises
The union representing American Airlines wants an immediate pay raises of 33%, followed by four annual increases of 6% each, and flight attendants for numerous airlines want pay to begin at boarding.
Posted inBusiness, Nation & World, News
U.S. inflation slows but remains elevated as price pressures are easing only gradually
Tuesday’s sticky inflation data sent stock and bond prices tumbling, with financial markets now envisioning the Fed’s first cut rates in June, rather than in May or March.
Posted inBusiness, Local & State
Portland Jetport to receive more than $10 million from FAA for improvements
The funds are part of an $18 million federal funding package earmarked for airport terminal improvements in Maine.
Posted inBusiness
Fed officials eye ‘broadening’ disinflation as new rate-cut test
They want to see it spread to housing and other services, given that the recent slowing was driven more by goods.
Posted inBusiness
Fired FirstEnergy execs indicted in $60 million Ohio bribery scheme
Monday’s announcement also included additional charges against Sam Randazzo, former chair of the Public Utilities Commission of Ohio, who is accused of accepting bribes in return for regulatory favors.