The rebound followed 3 straight monthly declines.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, Uncategorized
Germany upbeat on energy security; Baltics count on wind
Chancellor Olaf Scholz says Germany is well-prepared to tackle a possible energy shortage due to Russia’s squeeze on European gas supplies.
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Posted inBusiness, Maine, News
Maine’s average gas price falls below $4 a gallon for first time since March
The price has dropped by more than a dollar per gallon since peaking in mid-June.
Posted inBusiness, Maine, News
Maine Supreme Judicial Court sends CMP corridor case back to lower court
The state’s high court ruled Tuesday that a referendum blocking the transmission line would be unconstitutional if a lower court determines the project was already too far along at the time of the vote.
Posted inAmerican Journal, Business, Lakes Region Weekly, The Forecaster
Scarborough Planning Board gives green light to state’s first Costco
The Scarborough Planning Board approved site plan designs and various waivers that pave the way for the popular membership-only big box store to be built at The Downs.
Posted inBusiness, Nation & World, News
Job vacancies rose in July, dashing Fed hopes for cooling
The number of open jobs in the United States rose in July after three months of declines, a sign that employers are still urgently seeking workers despite slowing economic growth and high inflation.
Posted inBusiness, Maine, News
Owner of Victory Chimes wooden schooner putting vessel up for sale
The historic schooner was built in 1900 as a cargo vessel.
Posted inBusiness, Nation & World
Labor board rules Tesla must let workers wear union clothing
It’s the second defeat at the National Labor Relations Board for Tesla and CEO Elon Musk.
Posted inBusiness, Nation & World
LG, Honda to set up U.S. joint venture to make EV batteries
The joint venture is to be set up this year, with the closing of the deal subject to regulatory approval.
Posted inBusiness, News
Wall Street closes lower, adding to last week’s losses
The market is coming off its worst weekly pullback since mid-June after Fed chief Jerome Powell indicated on Friday that the central bank will raise rates into next year.