Sales declined 2.4% from February 2021 as the median home price jumped 15% from last year at this time to $357,300.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine, News
L.L. Bean sales grow 14% during 2nd year of pandemic; workers get 12% cash bonus
Growing interest in the outdoors during the pandemic continues boost the Freeport-based retailer’s sales.
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Posted inBusiness, Maine
Maine lobster industry fights lawsuit that aims to shut down fishery
The Center for Biological Diversity and others argue new federal restrictions being contested by the industry aren’t enough to save endangered North Atlantic right whales.
Posted inBusiness, Nation & World
Stocks extend rally even as oil climbs back above $100
The market’s latest gains come a day after the Federal Reserve raised its key interest rate for the first time since 2018, something Wall Street had been expecting for months.
Posted inBusiness, Maine, Morning Sentinel, News
Waterville program looks to boost startups, entrepreneurial efforts in central Maine
Initiative by Dirigo Labs to provide free training to 12 small businesses in ways to attract customers, develop products, navigate legal and financial hurdles, conduct marketing and more.
Posted inBusiness, Nation & World
Russian businesses in U.S. face backlash from war in Ukraine
Americans angered by Russia’s war on the Eastern European country are taking it out on Russian businesses, brands or anything that sounds Russian.
Posted inBusiness, Nation & World
Russia’s bond payment is in limbo as countdown to default begins
If Russia’s creditors don’t get the cash in dollars within the 30-day grace period that starts on Thursday, it would be the first time the nation defaulted on foreign-currency bonds since the Bolsheviks repudiated the czar’s debts in 1918.
Posted inBusiness, Nation & World, News
U.S. rent inflation hits new high, led by Miami with 39% rate
Single-family rental prices jumped 12.6% from a year earlier, according to the latest CoreLogic Single-Family Rent Index.
Posted inBusiness, Nation & World
California settles with ‘drinkable sunscreen’ maker
UVO agrees to a legal settlement to resolve allegations of deceptive advertising.
Posted inBusiness, Nation & World
Gas prices send British prime minister to UAE, Saudi Arabia
Boris Johnson presses the leaders to release more oil and invest in the U.K.’s renewable energy transition.