The Treasury Department, which is expected to make its guidance public by year’s end, declined to comment.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News
Global airlines set for record revenue with pandemic in past
Industry profit is forecast to reach $23.3 billion this year, the International Air Transport Association said Wednesday, more than double what the trade body expected in June.
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Posted inBusiness
Next-generation plastic recycling plant is bet on rising U.S. demand
Demand for recycled polyethylene terephthalate has been limited by the variability of its cost versus virgin plastic and the toxicity of the material.
Posted inBusiness, Local & State, Morning Sentinel, Schools and Education
Kennebec Valley Community College launches Business Entrepreneurship Program
The four-month program is free to those who enroll this January.
Posted inBusiness, Local & State, News
CMP, Maine’s public advocate dispute cost of power restoration following 2022 storms
Maine’s Public Advocate accuses Central Maine Power of hiring too many storm repair crews, inflating costs. The utility questions its critic’s cost calculations and says electricity was restored quickly.
Posted inBusiness, Local & State, New England, News
Massachusetts to allow utilities to recoup added cost of Maine hydropower corridor
The budget adopted Monday allows transmission service agreements to be renegotiated and additional costs to be passed along to Massachusetts ratepayers.
Posted inBusiness
JetBlue-Spirit deal judge weighs impact on low-fare passengers
JetBlue has argued it needs the merger to compete with the four major airlines.
Posted inBusiness, Local & State, News, Schools and Education
Roux Institute awarded nearly $1 million for clean energy incubator program
The money comes from the governor’s Clean Energy Partnership program, one of many created with Maine’s share of American Rescue Plan funding.
Posted inBusiness, Nation & World, News
Supreme Court throws out disability access case involving Maine inn
The court has dismissed a case involving a Wells hotel that could have made it harder for people with disabilities to learn in advance whether hotel accommodations meet their needs.
Posted inBusiness, Nation & World, News
U.S. job openings fall to lowest level since March 2021 as labor market cools
U.S. employers posted 8.7 million job openings in October, in a sign that hiring is cooling in the face of higher interest rates yet remains at a still-healthy pace.