State insurance regulators said the merger of the individual and small group markets will promote price stability and lower premiums.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Kennebec Journal, Maine
Subsidized units eyed as Augusta’s Glenridge Drive development sold for $8.03 million
New owners Midland Capital Partners say they will renovate all 120 units in the complex via a financing package through the Maine Housing Authority and will convert some market-rate units to subsidized units.
advertisement
Posted inBusiness, Nation & World
Faster rate hikes likely if inflation stays high
Federal Reserve policymakers concluded last month that they would accelerate their tightening of credit ‘if inflation does not move down’ as expected.
Posted inBusiness, Maine
Elite Airways to offer more flights between Portland and Florida
The Portland-based airline plans weekly flights to St. Augustine in northeast Florida and Vero Beach in east central Florida starting March 26.
Posted inBusiness, Nation & World
January retail sales surged 3.8% as threat of omicron faded
Last month’s increase was the largest since last March, when most American households received a final federal stimulus check of $1,400.
Posted inBusiness, Food & Dining
The Wrap: New restaurants and food shops, fundraisers, Ninety Nine reasons to love Maine spuds
New restaurants to open in Biddeford and Portland, a happy hour to help fire victims, and Ninety Nine restaurants in New England to serve Maine potatoes exclusively.
Posted inBusiness, Maine
Committee endorses $30 million relief fund for Maine lobstermen
Publicly funded, industry-specific relief efforts are unusual, but one lawmaker said the unique challenges facing lobstermen warrant it.
Posted inBusiness, Maine, Morning Sentinel
Sappi union workers rally amid contract negotiations with company
Members of United Steelworkers Local 9 gathered along Route 201 in Skowhegan on Tuesday to make a more visible pitch for higher wages and better benefits.
Posted inBusiness
Please hold: Pricey way to jump IRS phone line at tax time
EnQ’s line-jumping service costs $300 a month or $1,000 a year and claims to cut hold times by up to 90 percent.
Posted inBusiness
Homebuyers lose hope as costlier loans sap affordability
One economist says first-time buyers will be locked out of ownership until ‘prices come back to earth or mortgage rates turn back down.’ Neither are likely to happen soon.