A drop in oil prices helps to lift the U.S. indexes.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine
Maine seafood industry expects indirect hit from Russian invasion
Direct U.S. seafood imports were already banned from Russian markets, but the invasion of Ukraine could make the industry’s ongoing economic problems worse.
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Posted inBusiness, Nation & World
Over 80% of COVID rental aid went to low-income tenants
The Treasury Department says the largest percentage of recipients were Black, followed by female-led households.
Posted inBusiness, Maine, News
Maine gets another $28 million for rural broadband expansion
The federal grant will fund a public-private partnership to extend high-speed internet service to thousands of people in unserved parts of the state.
Posted inBusiness, Nation & World
Key inflation gauge hit 6.1% in January, highest since 1982
Robust consumer spending has combined with widespread product and worker shortages to create the highest inflation in four decades.
Posted inBusiness, Maine, News
Signs at Portland jetport upset some who depend on fishing for livelihoods
PETA has sponsored billboard-sized signs that urge people to stop eating fish, which some see as an affront to Maine’s fishing heritage and a renowned restaurant scene that continues to struggle through the pandemic.
Posted inBusiness, Maine, News, Politics
Gov. Mills plans to avoid highway bond vote, thanks to budget surplus
The governor wants to use $100 million from the state’s budget surplus for transportation projects.
Posted inBusiness, Uncategorized
Wild commodity swings signal risk of shortages in Ukraine attack
Continued price spikes threaten to put a brake on economic growth.
Posted inBusiness, Maine, Morning Sentinel
Union members hold second rally in ongoing contract dispute with Sappi mill management
Workers line Route 201 in Skowhegan to call for a “fairer” contract, after rejecting earlier proposals from the company.
Posted inBusiness, Uncategorized
Germany: Russia will lose energy customers over Ukraine
Germany’s vice chancellor says Russia’s attack on Ukraine will cause western nations to stop buying Russian coal, oil and gas.