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.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
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.
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Posted inBusiness
Biden looking at climate change risks to financial markets
The information will show how climate change could destabilize stocks and housing markets.
Posted inBusiness, Maine, News
Federal regulators impose seasonal ban on traditional lobstering in part of Gulf of Maine
Lobstermen worry that the restrictions designed to protect the endangered right whale in roughly 950 square miles of federal waters along midcoast Maine will endanger their industry.
Posted inBusiness
Production of toxic leaded gasoline finally ends
The poison fuel has caused more exposure to lead than any other product worldwide, according to WHO.
Posted inBusiness, Nation & World, Uncategorized
In Kabul, some fear economic collapse more than Taliban fist
On the eve of the final U.S. troop withdrawal from Afghanistan, businesses in the city are seeing little traffic.
Posted inBusiness, Maine
Portland’s B&M Baked Beans factory to be replaced with Roux Institute campus
Plans call for turning the 100-year-old waterfront factory site into an education and technology campus that can help drive Maine’s economy for the next century.
Posted inBusiness, Maine
B&M Baked Beans leaving Portland after more than 150 years
The beloved local company got its start in 1867 as the Burnham & Morrill Co., specializing in canned meats, vegetables and fish.
Posted inBusiness, Nation & World
Rental car prices skyrocket as the pandemic causes supply shortages
Average daily car rental rates almost doubled, from $89 a day over Independence Day 2020 to $166 during that same time period in 2021.
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.