Sinking gas prices pushed back, but could only manage a .1 percentage point drop in the inflation from October’s 3.2%.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Local & State, News
Portland residents ask jetport to increase parking without paving over woodland
Portland International Jetport officials presented the surface parking proposal as it enters the public review process.
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Posted inBusiness, Nation & World, News
Standoff over future of fossil fuels pushes climate summit into overtime
Another compromise version of the cornerstone document, called the global stocktake, was being prepped Tuesday evening.
Posted inBusiness, Local & State, News
Maine officials accuse IRS of reversing pledge by taxing $450 state energy payments
The state says the IRS backed out of federal tax exemption for payments intended to help 880,000 Mainers cope with high energy costs last winter.
Posted inBusiness, Nation & World, News
U.S. consumer inflation eased slightly as gas prices fell, though some costs kept surging
Compared with a year earlier, prices were up 3.1% in November, down from a 3.2% year-over-year rise in October.
Posted inBusiness, Lewiston-Auburn, News
31 positions eliminated as St. Mary’s lays off employees, cuts hours for some amid financial woes
The hospital has ended its fiscal year in a financial deficit for several of the last five years.
Posted inBusiness, Nation & World
New Hampshire computer chip plant the first to get funding from CHIPS law, Biden administration says
The BAE Systems factory in Nashua will received $35 million to increase production of chips for military aircraft.
Posted inBusiness, Nation & World, News
The U.S. could remove 1 billion tons of carbon from the air – for $130 billion
A report published Monday lays out a roadmap to pull CO2 from the air.
Posted inBusiness, Local & State, Nation & World, News
Commercial fishermen need more support for substance use and fatigue, lawmakers say
The federal program is designed to help the nation’s fishermen with the often hazardous conditions they face at sea.
Posted inBusiness, Local & State, News
Portland jetport plan to cut trees, add surface parking draws opposition
The controversy comes as newly elected Mayor Mark Dion has identified fighting climate change and expanding Portland’s tree canopy as priorities for his administration.