The developers of a 145-mile transmission line through the state agreed to suspend work but said that also means payments for benefits will be held back.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine, News
Federal regulators will review effects of 4 lower Kennebec dams on fish
The Federal Energy Regulatory Commission will study the Shawmut Dam in Fairfield and three others that fish must pass to reach key habitat in western Maine’s Sandy River.
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Posted inBusiness, Nation & World
U.S. jobless claims plunge to 199,000, lowest in 52 years
It’s another sign that the U.S. job market is rebounding rapidly from last year’s coronavirus recession.
Posted inBusiness, Food & Dining
The Wrap: Christmas tree shopping just got better
Plus a smorgasbord of options, from kelp to Bloody Marys, monkfish stew to S’mores.
Posted inBusiness, Maine, News
Economic growth, federal funds drive increase in state revenues
Gov. Mills says she will propose using some of the added revenue to help Mainers struggling with increased costs of electricity, home heating fuels, gas at the pump, and other necessities.
Posted inBusiness, Nation & World
In a first, a major study will look at a simple blood test to detect Alzheimer’s disease
A promising test is being used in a major National Institutes of Health-funded drug study at 75 medical centers.
Posted inBusiness, Maine, Politics
Maine DEP suspends construction license for $1 billion power line
The license will be reinstated if the New England Clean Energy Connect project’s developer wins its legal fights over state land or a pending statutory ban.
Posted inBusiness, Maine
Maine Medical Center seeks changes to Congress Street tower project
The hospital said it wants to get more beds in service sooner and will ask the city and state to let it modify its planned Malone Family Tower project.
Posted inBusiness, Nation & World
Jury holds CVS, Walgreens, Walmart responsible for role in Ohio opioid crisis
This was the first time pharmacy companies had completed a trial to defend themselves in a drug crisis that has killed a half-million Americans over the past 2 decades.
Posted inBusiness, Nation & World, News
U.S. to release 50 million barrels of oil to ease gas prices
Gasoline usually responds at a lag to changes in oil prices, and administration officials suggested this is one of several steps toward ultimately bringing down costs.