Members of the board said Tuesday night the 43 proposed apartments in the downtown area and South End are much needed.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inArts & Entertainment, Business, Nation & World
Hollywood writers strike declared over after boards vote to approve contract with studios
Hollywood actors remain on strike with no talks yet on the horizon.
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Posted inBusiness
Wind power in Maine is no breeze as regulators move slowly
A lease to set up an experimental offshore wind farm and a new energy corridor in Aroostook County were hailed as examples of progress in Maine wind energy development.
Posted inBusiness, Maine, News
Potential federal shutdown looms over Bar Harbor
Tourism-based businesses are wary of the possibility that Acadia National Park will close heading into peak foliage season, but say Mount Desert Island has plenty to offer and they will remain open for business regardless.
Posted inBusiness, Nation & World, News
Judge rules Donald Trump defrauded banks, insurers as he built real estate empire
The judge writes of tactics used by Trump in financial documents: ‘That is a fantasy world, not the real world.’
Posted inBusiness, Nation & World, News
Mississippi announced incentives for shipbuilder days after executive gave campaign money to governor
Gulf Ship LLC, which received the state incentives, is a division of the Louisiana-based ship company, Edison Chouest Offshore.
Posted inBusiness, Nation & World, News
FTC and 17 states, including Maine, sue Amazon, saying it inflates prices and overcharges sellers
The lawsuit is the result of a yearslong investigation into the company’s businesses and one of the most significant legal challenges brought against it in its nearly 30-year history.
Posted inBusiness, Nation & World, News, Politics
Congress in crisis mode as Senate unveils bipartisan bill to avoid government shutdown
The House is expected to launch a vote, but it’s not clear if Speaker Kevin McCarthy has the support needed as far-right holdouts demand steeper spending cuts.
Posted inBusiness, Nation & World, News, Politics
Biden visits UAW picket line, tells union to ‘stick with it’
Sitting presidents, who have to balance the rights of workers with disruptions to the economy, supply chains and other facets of everyday life, have long wanted to stay out of the strike fray.
Posted inBusiness
Why the U.S. job market has defied rising interest rates and expectations of high unemployment
The Fed’s cure seems to be effective at curbing inflation, but the unemployment rate has scarcely budged since the first of 11 rate hikes was imposed.