Inflation has been intensifying pressure on consumers, especially lower-income households and particularly for everyday necessities.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine, News
Lawmakers call on Maine PUC to investigate allegations in lawsuit against CMP parent company
The bipartisan group contends that Maine ratepayers have the right to know how they could be affected by improprieties allegedly committed by Avangrid.
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Posted inBusiness, Maine
Nearly 60,000 sign up for health insurance via new Maine marketplace
The signups represents an increase from last year, when Maine was still using the federal HealthCare.gov platform
Posted inBusiness, Nation & World
Navy commissions Bath-built, Pearl Harbor-based USS Daniel Inouye
Inouye was the first Japanese American to serve in Congress when he was elected to the House in 1959, the year Hawaii became a state.
Posted inBusiness, Food & Dining, Nation & World
Starbucks workers vote to unionize in Buffalo, New York
Starbucks has actively fought unionization at its stores for decades, saying its stores function best when it works directly with employees.
Posted inBusiness, Maine, News
Old Town paper mill asks residents for cereal, pizza and corrugated boxes
The mill wants cardboard to turn into packaging because of the rising cost of the raw materials it typically uses.
Posted inBusiness, Nation & World, News
U.S. jobless claims drop to 52-year low amid seasonal volatility
Seasonal volatility likely contributed to last week’s drop as the Labor Department adjusted the numbers to reflect job market fluctuations around the holidays.
Posted inBusiness, Nation & World
New Mexico regulators reject utility merger proposed by CMP’s parent company
They cite concerns about customer service problems and reliability issues in other states where Avangrid operates, including Maine.
Posted inBusiness, Nation & World
Amazon founder’s ex won’t say how much she’s giving away ‘this time’
Forbes estimates the fortune of reclusive novelist MacKenzie Scott at $59 billion.
Posted inBusiness, Nation & World
‘Pharma Bro’ firm reaches $40 million settlement in gouging case
Vyera raised the price of the decades-old Daraprim from $17.50 to $750 per pill after obtaining exclusive rights to it in 2015.