The lawsuit over fishing monitors is part of a long-standing fight between commercial fishing groups and the federal government over who pays for data collection and regulatory compliance.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, News
Maine’s medical cannabis market seeing a ‘mass exodus’ of caregivers
A new report from the state shows more than one-fourth of the individuals in the occupation have quit since 2021, often in response to an overabundance of cannabis supply.
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Posted inBusiness, Local & State, News
CMP, public advocate in negotiations to settle rate hike request
A meeting is slated for Wednesday in confidential talks between Central Maine Power and the public advocate over a proposed increase that would take effect Sept. 1.
Posted inBusiness, Nation & World, News
First Republic Bank seized, sold to JPMorgan Chase
Regulators have seized troubled First Republic Bank and sold all of its deposits and most of its assets to JPMorgan Chase Bank in a bid to head off further banking turmoil in the U.S.
Posted inBusiness, Community
Good Shepherd Food Bank appoints interim president
Good Shepherd Food Bank has appointed Bryan O’Connor of Cumberland to be interim president of the organization effective July 1. O’Connor is vice president of finance and administration. As interim president, O’Connor will work in partnership with the board of directors and senior leadership to ensure organizational continuity as the nationwide search for a permanent […]
Posted inBusiness
Fed says it must strengthen banking rules after SVB’s collapse
The Federal Reserve and the FDIC faulted managers at Silicon Valley Bank and Signature Bank – and also federal regulators – for the crisis last month.
Posted inBusiness
New report blames airlines for most flight cancellations
Weather was the leading cause of cancellations in the two years before the pandemic, but the percentage of airline-caused cancellations began increasing in early 2021.
Posted inBusiness, Nation & World, News
House votes to restore solar panel tariffs paused by Biden
The House voted Friday to reinstate tariffs on solar panel imports from several Southeast Asian countries.
Posted inBusiness, Local & State, News
Portland looks to hotel guests for a boost in its tourism budget
The proposal to create a tourism development district could more than double the funds for marketing the city as a year-round destination.
Posted inBusiness, Local & State, News
Mills unveils jobs plan that would focus on worker training and ‘high value’ sectors
The proposal would replace the existing Pine Tree Development Zone plan with tax credits that reward companies creating jobs that require more skills.