The global supply chain disruptions that are hobbling hundreds of international companies in recent months were too much for Revlon.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News
Average U.S. mortgage rates jump by most in 35 years
The brisk rise in rates, along with a sharp increase in home prices, has been pushing potential homebuyers out of the market.
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Posted inBusiness
So long, Internet Explorer. The browser retires
The 27-year-old application now joins BlackBerry phones, dial-up modems and Palm Pilots in the dustbin of tech history.
Posted inBusiness, Nation & World, News
This is how a higher Fed rate could affect your finances
Credit card spending could cost you more.
Posted inBusiness, Nation & World
Stocks rally after Fed’s big rate hike to fight inflation
The market’s ebullience is a sharp turnaround from the worldwide rout that has dominated much of this year.
Posted inBusiness, Maine, Morning Sentinel
MRC now in position to purchase Hampden recycling, waste-to-energy facility
The Municipal Review Committee announced Wednesday that no qualified bidders have come forward to buy the defunct Coastal Resources of Maine plant, which means the MRC is now poised to take ownership of it for $1.5 million.
Posted inBusiness, Nation & World
Fed attacks inflation with its largest interest rate hike since 1994
The move the Federal Reserve announced on Wednesday will increase its benchmark short-term rate, which affects many consumer and business loans, to a range of 1.5% to 1.75%.
Posted inBusiness, Maine
Maine approves $63 million CMP power line upgrade over residents’ objections
Hundreds opposed the upgrade as benefiting a planned land-based salmon farm to be built in Belfast by Nordic Aquafarms, but regulators noted ongoing problems with the aging line.
Posted inBusiness, News
Hartford voters open door for new winery
The vote by residents of this ‘dry’ town Tuesday will allow Bonaventura Vineyards to open a tasting room and sell its wine at the vineyard later this year.
Posted inBusiness, Nation & World, News
Automakers report nearly 400 crashes of vehicles with automated driver-assist systems
The crashes included 273 involving Teslas, according to new statistics from U.S. safety regulators.