Key approval sets the stage for $104 million project.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness
Stocks close lower on Wall Street, adding to recent losses
Trading is mostly muted as U.S. markets reopened after the long holiday weekend.
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Posted inBusiness, Nation & World
Foreign firms welcome China’s decision to end quarantines for travelers from abroad
Meanwhile, Japan announces restrictions on visitors from the country as infections surge.
Posted inBusiness, Nation & World
States banking big bucks amid inflation, higher interest rates
Still, financial experts are nonetheless urging caution on spending because of concerns the U.S. could slip into a recession.
Posted inBusiness, Maine, News
Former soldier tasked with getting Bath Iron Works in shipshape
The new leader of Navy shipbuilder Bath Iron Works said he’s been rejuvenated by a shift from his former aerospace job to building ships
Posted inBusiness, Maine, Nation & World, News
Vanishing right whale must remain on endangered list, government says
Protection of the whale is a source of dispute between conservationists and commercial fishermen because one of the top threats to the animals is entanglement in fishing gear.
Posted inBusiness, Maine
Widespread cancellations by Southwest Airlines leave Maine travelers stranded
The airline has canceled roughly 20 flights at the Portland International Jetport since Friday, affecting about 3,000 passengers.
Posted inBusiness, Maine, New England
Video: Chaga farming in Maine is on the fringe of being a multi-billion dollar industry
Livermore Falls couple develop unique mushroom enterprise with international connection.
Posted inBusiness, Nation & World, News
Southwest Airlines cancels more flights, draws federal investigation
A day after most U.S. airlines had recovered from the storm, Southwest called off about 2,600 more flights on the East Coast by midafternoon.
Posted inBusiness, Lewiston-Auburn, Maine, News, Uncategorized
The only commercial airline based in Maine appears to be grounded
Elite Airways, whose headquarters are in Portland, has canceled much of its service and the company isn’t saying if operations will resume.