It’s unclear what, if any, impact the deal would have on the customers of Central Maine Power Co., the state’s largest electric utility.
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Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine
Proposed transmission line for renewable power from Canada to New England canceled
Electric utility National Grid, one of the developers, said Thursday that it ‘has determined that the project is not viable at this time.’
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Posted inBusiness, Nation & World, Politics
Bill that could make TikTok unavailable in the U.S. advances quickly in the House
Lawmakers have voiced concerns about the potential for the platform, which is owned by a Beijing-based company, to surveil and manipulate Americans.
Posted inBusiness, Maine, Nation & World
Bill would allow Maine’s federal workers to take out interest-free loans during shutdowns
The legislation would provide a safety net for federal employees, who miss out on paychecks during government shutdowns. And it comes at a time when employees at the Portsmouth Naval Shipyard in Kittery are again under threat.
Posted inBusiness, Nation & World
Apple is making big App Store changes in Europe. Could they lead to more hacking?
Apple is opening small cracks in the iPhone’s digital fortress as part of a regulatory clampdown in Europe that’s striving to give consumers more choices.
Posted inBusiness, Nation & World
Wall Street sets another record as traders look ahead to easier rates Fed chair says are ‘not far’
The S&P 500 rallied 1% to set its 16th all-time high so far this year.
Posted inBusiness, Food & Dining, Nation & World
Candy companies pitch gum as stress reliever, concentration aid to revive stale U.S. sales
Gum-makers are trying to figure out what will make Americans start chewing again.
Posted inBusiness, Politics
Founder of Madison wood fiber insulation company to be Golden’s guest at State of the Union Address
Congressman Jared Golden invited the president of TimberHP, Josh Henry, to join him at the U.S. Capitol Thursday night, saying he helped ensure one of Maine’s heritage industries will have a future.
Posted inBusiness, Maine
Freeport shopping center sells for $20 million at auction
The company that holds the mortgage on the Freeport Village Center bought the 3.6-acre complex after the auctioneer received only one bid for $5 million, well below the $32.5 million assessed value.
Posted inBusiness, Maine, News, Politics
Maine Senate passes food scraps disposal ban
The measure would require commercial and industrial-scale food waste producers to donate their edible leftovers and recycle what remains.