Owner Jim Bouffard of Jay to retire after more than 50 years in business.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness
Fed’s Powell: Strong hiring could force further rate hikes
The slowdown in inflation has raised hopes that the central bank might be able to avoid raising rates, but the chairman has brushed that notion aside.
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Posted inBusiness, Nation & World, News
Newspapers dying? Ralph Nader’s giving birth to one
The last publication in Winsted, Conn., shuttered in 2017 and the activist says people are losing touch with what’s going on their community.
Posted inBusiness, Nation & World, News
UK energy giant BP’s profits double to $27.7 billion
High oil and gas prices have hit Britain hard, with double-digit inflation fueling a wave of public-sector strikes, soaring food bank use and demands that politicians expand a tax on the windfall profits of energy companies.
Posted inMaine Commercial Real Estate, Real Estate, Sponsored
Maine Commercial Real Estate Transactions: January 2023
Recent sales and leases for land, industrial, office, retail and more
Posted inMaine Commercial Real Estate, Sponsored
Featured Property: Three Retail Spaces at the Maine Mall in South Portland
The units are 1,955± SF, 5,100±SF and 9,700± SF, all with external entrances.
Posted inBusiness, Maine, News
Regulators invite comments on plan to increase legal size of lobsters
Recent surveys that show declining levels of young lobsters are a concern for the future of the fishery, and the rules aim at maintaining a breeding population.
Posted inBusiness, Nation & World, News
Crews release toxic chemicals from derailed tankers in Ohio
Officials warned the controlled burn would send toxic chemicals into the air.
Posted inBusiness, Nation & World, Politics
Biden’s State of the Union to tout policy wins on economy
‘Jobs are up, wages are up, inflation is down, and COVID no longer controls our lives,’ Biden told the Democratic National Committee on Friday.
Posted inBusiness, Nation & World, News
Europe bans Russian diesel, other oil products over Ukraine
The goal is to allow Russian diesel to keep flowing to countries like China and India and avoid a sudden price rise that would hurt consumers worldwide.