The project will include large commercial producers as well as small woodlot owners with a goal of storing more carbon in forests.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News
Fewer Americans filed for jobless benefits again last week
In Maine, the number of initial unemployment claims last week increased slightly over the previous week’s total.
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Posted inBusiness, Nation & World
Mortgage rates hit 6% for first time since 2008 housing crash
Mortgage buyer Freddie Mac reported Thursday that the 30-year rate rose to 6.02% from 5.89% last week.
Posted inBusiness, Nation & World, News
Tentative labor deal averts threat of nationwide rail strike
President Biden says a tentative railway labor agreement has been reached, averting a potentially devastating strike before the pivotal midterm elections.
Posted inBusiness, News
As ‘buy now, pay later’ plans grow, so do delinquencies
A growing number of American shoppers have jumped at the chance to use “buy now, pay later” loans to pay for new sneakers, electronics, or luxury goods in installments.
Posted inBusiness, Nation & World
Bingo, Lite-Brite, Nerf among Toy Hall of Fame finalists
The inductees will be announced Nov. 10.
Posted inBusiness, Nation & World
South Korea fines Google, Meta over privacy violations
They’re accused of collecting data without users’ consent to create customized ads.
Posted inBusiness
Jim Beam outlines expansion to ramp up bourbon production
The project will increase capacity and reduce emissions by 50 percent.
Posted inBusiness
Stocks post modest gains after wobbly day
Traders now see a one-in-four chance the Fed may hike its benchmark rate by a full percentage point next week.
Posted inBusiness, Nation & World
One rail union rejects deal, 2 accept ahead of strike deadline
Contract talks continue, with Labor Secretary Marty Walsh participating to put pressure on both sides to reach an agreement before Friday.