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Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
Rich Russians spend big on luxury to preserve value of savings
Much like gold, watches and jewelry can hold – or even increase – their price amid economic turmoil caused by war and conflict.
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Posted inBusiness, Maine, News
Maine shifting its focus to making tourism sustainable
Instead of thinking up ways to bring more visitors to the state, the state tourism agency will consider ways to balance tourism with quality of life for the state’s visitors and its residents.
Posted inBusiness
Amazon closing bookstores, 4-star shops in U.S., U.K.
The move comes as Amazon.com Inc.’s overall revenue growth is slowing, and it’s looking for new ways to re-ignite sales.
Posted inBusiness, Maine, News
Stepped-up training cuts Maine’s projected nurse shortage in half
Maine is projected to be short 1,450 registered nurses in 2025, down from the 3,200 projected previously, according to a new report.
Posted inBusiness
Bitcoin again viewed as safe haven amid geopolitical tension
Russians and Ukrainians help to send the cryptocurrency up over 25 percent in a week.
Posted inBusiness, Maine, News
Maine towns attempt to buy dormant trash plant for $1.5 million
A group representing 115 towns is trying to revive the plant that closed 6 months after its opening in 2020.
Posted inBusiness
Wall Street roars back to rally mode, even as oil soars
The price of U.S. crude jumps 7 percent to $110.60 per barrel, the highest level in just over a decade.
Posted inBusiness, Maine
Baby lobster numbers low off New England as waters warm
Meanwhile, there has been a moderate uptick in baby lobsters in the southern Gulf of St. Lawrence, where some Canadian fishermen harvest lobsters.
Posted inBusiness, Maine, Morning Sentinel
Increased construction costs stall Waterville mill redevelopment project
The rising costs on the more than $20 million project have jeopardized the financing needed to transform the former Lockwood Mill into residential and commercial space.