Hurricane Ida took down more than 2,000 miles of transmission lines owned by Entergy Corp. and 216 substations, plunging more than a million homes and businesses into the dark.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine, News
Defense bill change could bring more business to Bath shipyard
The amendment authorizes a third Arleigh Burke-class destroyer, the primary type of ship Bath Iron Works builds, to an annual defense bill.
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Posted inBusiness, Food & Dining
The Wrap: Maine Cheese Festival, ‘unlimited cow kisses’
Falafel coming to Portland, staffing shortage closes bakery – for now, and good news for lovers of kelp and Kölsch.
Posted inBusiness
Fallen tech star Elizabeth Holmes prepares to go on trial
The trial will revolve around the rise and fall of Theranos, a startup that Holmes launched after dropping out of Stanford University in 2003.
Posted inBusiness, Maine, News
Photos: BIW-built Zumwalt destroyer makes appearance during sea trials
The future USS Lyndon B. Johnson pays a visit to Portland Harbor.
Posted inBusiness, Maine, News, Schools and Education
Colby College hires director for artificial intelligence institute
Amanda Stent, a nationally known expert on artificial intelligence and human language, will serve as the new director of the Davis Institute for Artificial Intelligence.
Posted inBusiness
Milk market sours for 4 organic dairies in Franklin County
The loss of market could have a profound effect on other dairy producers, agriculture as a whole and local communities.
Posted inBusiness, Maine
Upcoming B&M closure sparks nostalgia, hope for future development
News that Portland’s longtime baked beans factory will close this year and be replaced with a technology and science campus elicits a wistful but hopeful response.
Posted inBusiness
Social Security and Medicare funds remain under pressure
A report projects the agency won’t be able to pay full benefits starting 2034, a year earlier than initially estimated.
Posted inBusiness
Biden looking at climate change risks to financial markets
The information will show how climate change could destabilize stocks and housing markets.