Visitors are still coming, but higher gas and other prices have some reining in their spending.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine, News
Bar Harbor struggles with cruise ship limits, and Portland could be next
A citizen petition seeks a 1,000-person-a-day cap on ship passengers entering Bar Harbor, and a similar effort is underway in Portland.
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Posted inBusiness
Grim news from Walmart sends U.S. markets lower
The sell-off comes ahead of the Federal Reserve’s latest interest rate policy statement on Wednesday.
Posted inBusiness, Nation & World
Volkswagen starts electric vehicle assembly in Tennessee
The Chattanooga plant currently employs more than 4,000 people.
Posted inBusiness
Visa’s profits jump 32% as consumers start traveling again
The company earns a small fee from every transaction that crosses its network, depending on the type of transaction and the merchant who used it.
Posted inBusiness, Nation & World
Oil-funded Rockefeller Foundation focuses on fight for climate change
It plans to take a year to study where it can make the most impactful partnerships and investments.
Posted inBusiness, Maine
Maine Public Utilities Commission approves new performance standards for electric companies
The action is meant to increase accountability for customer service at Central Maine Power and Versant Power.
Posted inBusiness, Food & Dining, Nation & World
Choco Tacos fall victim to ‘tough decisions,’ and some fans have meltdown
The Klondike treat is a waffle cone filled with fudge-swirled ice cream and dipped in chocolate and peanuts.
Posted inBusiness, Maine, Morning Sentinel, News
Neighborhood redemption centers becoming less common as their numbers decline
Dozens of the centers have closed over the last two years in Maine, a reflection of the difficulty in finding workers and also rising costs that nibble away at razor-thin profit margins.
Posted inBusiness, Nation & World, Politics
Bill to boost semiconductor industry passes key Senate test
The $280 billion bill is headed for likely final passage in the Senate later this week. The House is also expected to take up the package this week.