Sales of new U.S. homes fell in February for a second month, suggesting high prices and rising mortgage rates may be keeping prospective buyers on the sidelines. Purchases of new single-family homes decreased 2% to a 772,000 annualized pace following a downwardly revised 788,000 in January, government data showed Wednesday. The median estimate in a […]
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Uncategorized
Pandemic relief money spent on hotel, ballpark, ski slopes
An Associated Press review finds that state and local governments have spent nearly $1 billion worth of federal coronavirus aid on projects that have little to do with combating the pandemic.
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Posted inBusiness, Uncategorized
Stocks fall on Wall Street as crude oil prices climb again
Wednesday’s trading gives back nearly all of the gains made a day earlier.
Posted inBusiness, Uncategorized
Stocks fall on Wall Street as crude oil prices climb again
Wednesday’s trading gives back nearly all of the gains made a day earlier.
Posted inBusiness, Kennebec Journal, Maine
Despite loud objections, Maine Cabin Masters given conditional approval for charity Manchester concert series at The Woodshed
Manchester officials approved a mass gathering permit, with the option to review and potentially revoke the permit depending on their adherence to the town’s noise ordinance.
Posted inBusiness, Food & Dining, Maine, News, Politics
Maine lawmakers approve extending to-go alcohol sales until 2025
The state Senate passed a bill this week that would allow restaurants and bars to offer alcoholic beverages to go. It awaits the governor’s signature.
Posted inBusiness, Food & Dining
The Wrap: Maine cheese wins big, and Erin French guest stars on new Ina Garten show
Seaweed-lined cheese from Lakin’s Gorges Cheese in Waldoboro topped major competitors in its category at the curd-world Oscars, Erin French appears on a new Food Network show, and HB Provisions in Kennebunk goes on the market for $3.8 million.
Posted inBusiness, Maine
Senate approves bill to limit ‘dark store’ tax challenges
The bill would give municipalities a way to fight off big-box retailers’ efforts to reduce their municipal tax burden.
Posted inBusiness, Maine
Senate approves college debt relief for first-time homebuyers
Many could have up to $40,000 in student loan debt forgiven through a Maine State Housing Authority program.
Posted inBusiness
BuzzFeed cutting jobs; top editors leaving news division
BuzzFeed News is unprofitable but has won awards, including its first Pulitzer last year.