Average daily car rental rates almost doubled, from $89 a day over Independence Day 2020 to $166 during that same time period in 2021.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine
Maine scallop fishermen to have same limits in upcoming season
The marine resources department said there would be restricted and closed areas along the coast, as happens every year, to help scallops grow.
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Posted inBusiness, Maine Cannabis Report
Canadian cannabis companies getting creative with cross-border deals
U.S. companies have overshadowed their Canadian peers as more states legalize cannabis, but that may be changing.
Posted inBusiness, Maine Cannabis Report, New England
Cannabis company to pay $300,000 over payroll violations
Theory Wellness failed to properly pay Massachusetts employees who worked Sunday and holiday shifts.
Posted inBusiness, Maine
Most Maine health plans no longer waive patient costs for COVID-19 treatment
Only one major insurer, Community Health Options, is bucking the national trend and waiving cost-sharing for COVID-19 patients through the end of the year.
Posted inBusiness, Maine, News
More than 125 boats participate in protest on Frenchman Bay
Sunday’s ‘Save the Bay’ flotilla was a demonstration against plans by American Aquafarms to place an industrial salmon farm off the coast of Bar Harbor and Acadia National Park.
Posted inBusiness, News
Central Maine business briefs: Gardiner club hires new sports director
People & Places: Maine State Credit Union helps send kids to summer camp.
Posted inBusiness, Maine, News
Warship to be named for LBJ heads to ocean for sea trials
The future USS Lyndon B. Johnson, built at Bath Iron Works hit the Atlantic Ocean for the first time.
Posted inBusiness, Nation & World
Stocks rally to records, with relief that rates will remain low
Stocks have set record after record this year thanks in large part to the Federal Reserve’s massive efforts to prop up the economy and financial markets.
Posted inBusiness, Nation & World
COVID-19 surge pummels Hawaii and its native population
The governor is urging tourists to stay away and residents to limit travel, and leaders are reimposing caps on sizes of social gatherings.