The Fed’s next move on rates will be in March.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness
Jay paper mill closing earlier than expected
Employees at Pixelle Androscoggin Mill were told Wednesday morning that doors would be closing as early as March 6 rather than later in the spring as previously announced.
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Posted inBusiness
How credit scores are evolving to improve access
Advocates say it’s a positive that ratings agencies have started making it easier for consumers to prove that they’ll able to pay back money they borrow.
Posted inBusiness, News, Uncategorized
Lack of inventory slowed Maine home sales in January
The most recent monthly data show the number of sales fell by double digits compared to a year ago, while prices rose modestly.
Posted inBusiness, Nation & World, News
No economic ‘knockout’ yet from West’s sanctions on Russia
The West’s export controls and financial sanctions appear to be gradually eroding Russia’s industrial capacity, even as its oil and other energy exports last year enabled it to keep funding a catastrophic war.
Posted inBusiness, Nation & World, News
UK grocers limit sales of some fruits, vegetables amid shortages
While industry analysts cite bad weather in Spain and Morocco, others blame Brexit.
Posted inBusiness, Nation & World, News
New estimate finds U.S. could face default on debt by early June
A new estimate finds the U.S. could face an unprecedented default on its obligations as soon as early June if Congress does not act to lift the debt limit.
Posted inBusiness, Maine
Winner of $1.35 billion Mega Millions jackpot claims prize
The winner remains anonymous after coming forward through a company that acted as a legal representative.
Posted inBusiness, Maine, Morning Sentinel
Gifford’s unable to produce ice cream following fire at Skowhegan facility
Gifford’s Famous Ice Cream announced Tuesday it is unable to produce ice cream out of their Skowhegan facility after a fire damaged their production area earlier this month, but are exploring some temporary solutions.
Posted inBusiness, Maine, News
Right to Repair ballot initiative petitions approved by Maine secretary of state
The issue will go before voters in November unless the Maine Legislature approves it this session.