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Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine, Nation & World
CMP parent company countersues former subcontractor, claiming defamation
Avangrid says Paulo Silva is a disgruntled former subcontractor who’s upset his company wasn’t awarded new contracts. Last week, Silva sued Avangrid alleging bid-rigging and racketeering.
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Posted inBusiness, Kennebec Journal, Maine, News
Some events returning but pandemic still taking toll on Augusta Civic Center
The delta variant of the coronavirus came along just as bookings were picking up at the city-owned conference center and auditorium.
Posted inBusiness, Maine
Supreme Court denies Maine Lobstering Union’s request to reopen closed area
The union’s members don’t know what legal steps they might take until they discuss the ruling with their legal team.
Posted inBusiness, Nation & World
Stocks slump after murky jobs report as markets swing
Wall Street closed out a bumpy week with more losses on Friday following a mixed reading on U.S. jobs markets that investors said was tough to parse
Posted inBusiness, Maine, News
Rating agency expects Maine Turnpike to raise tolls by 29% in 2028
Fitch Ratings, a major bond rating agency, projects that the Turnpike will need to raise tolls to fund anticipated construction projects, including the Gorham connector.
Posted inBusiness, Maine
Lawsuit accuses CMP parent Avangrid of racketeering, fraud
The plaintiff, a former subcontractor, alleges Avangrid bought unnecessary equipment knowing it could recover the costs through higher electricity rates for customers in Maine and elsewhere.
Posted inBusiness, Kennebec Journal, Maine
Christmas Tree farms see success again this year
After the record-breaking year in sales last year, Christmas tree farms in central Maine are off to a steady start the second weekend in.
Posted inBusiness
OPEC+ sticks to modest boost in oil output despite omicron
The pace has frustrated the United States and other oil-consuming nations as gasoline prices rise.
Posted inBusiness
Holiday shoppers navigate shortages with mixed results
It’s getting almost too late to buy early: On Cyber Monday, the prevalence of out-of-stock messages rose 8& compared to a week earlier.