The announcement comes against a backdrop of surging prices across the economy – in food, rent, heating oil, autos and other necessities – that have imposed a burden on households.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, News
Central Maine business briefs: Kennebec Savings Bank receives national service award
People & Places: Community Bankers of America, an industry group, honors KSB
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Posted inBusiness, Maine
Avangrid files lawsuit, vows to continue power line project despite voters’ rejection
The company filed a lawsuit in Maine Superior Court challenging the constitutionality of a voter-approved measure to ban the project.
Posted inBusiness, Elections, Maine, News
Maine voters approve $100 million transportation bond
Election returns late Tuesday night showed 71% of voters supported the borrowing package, which includes $85 million for highways and bridges.
Posted inBusiness, Nation & World
Facebook to shut down face-recognition system, delete data
About 640 million users opt for that form of authentication system.
Posted inBusiness, Maine, News
L.L.Bean expects delays going into holiday season amid global supply-chain mess
While the company’s well-known “Bean Boot” is made locally in Maine, L.L.Bean, like many other retailers, operates through a global supply chain.
Posted inBusiness, Maine, News
Portland International Jetport pursues $4.5 million property deal
The airport plans to buy a 4.5-acre valet service parking lot from its current owner and restart the business, which closed during the pandemic.
Posted inBusiness, Nation & World
U.S. says oil, gas sales damage climate – but won’t stop them
Bureau of Land Management officials say they can’t do much to prevent impacts, in part because they can’t discern the significance of emissions from government-owned fuel reserves versus other sources.
Posted inBusiness, Nation & World
Official recommends New Mexico reject merger involving CMP’s parent company
Under the merger, Connecticut-based Avangrid and its parent firm, Iberdrola of Spain, would acquire PNM Resources and its PNM and Texas New Mexico Power subsidiaries.
