The Maine Public Utilities Commission is weighing a system of regular report cards and possible penalties for power utilities in the state.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Walgreens amends bottle deposit fee issues
Sun Media Group reporters returned to Walgreens Tuesday, April 5, and were all charged the correct five-cent fee on applicable bottles.
Biden bets strong job market will shield economy from slump
But there are growing fears of a coming economic slump among voters and some Wall Street analysts.
U.S. jobless claims stay at historically low levels last week
The number of Americans quitting their jobs was also historically high, at 4.4 million, up from 4.3 million in January.
U.S. Navy intends to decommission some of its newest warships
It wants to decommission nine ships in the Freedom-class of littoral combat ships – warships that cost about $4.5 billion to build.
Yellen calls for crypto regulation to reduce risks, fraud
Surveys show that roughly 16% of adult Americans — or 40 million people — have invested in cryptocurrencies.
Chanel restricts sales to Russians abroad amid Ukraine war
Fashion insiders say the brand’s decision would not have been easy because they are set to take a financial hit.
Stocks fall, yields rise as Fed details inflation efforts
Investors are keenly focused on Fed policy as the central bank moves to reverse low interest rates and the extraordinary support it began providing for the economy two years ago when the pandemic knocked it into a recession.
Democrats accuse oil companies of ‘ripping off’ Americans on gasoline prices
Industry executives, testifying before Congress for the second time in six months, respond that oil is a global market and that they don’t dictate prices.
Fed signals it will take more aggressive steps to fight inflation
Higher rates from the Fed will increase borrowing costs for mortgages, auto loans, credit cards and corporate loans.