The Portland Pipe Line Corp. dropped its fight against the city’s Clear Skies Ordinance, ending a more than 6-year battle in federal courts.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine, Nation & World
Maine jobless claims decline as U.S. claims fall to new pandemic low
The U.S. weekly tally of initial unemployment claims, a proxy for layoffs, has fallen more or less steadily since topping 900,000 in early January.
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Posted inBusiness, Maine, News, Politics
Legislature moves forward with Mills’ plan for using COVID-19 relief funds
The Legislature’s budget-writing committee has approved a plan for spending close to $1 billion in federal American Rescue Plan Act funds.
Posted inBusiness
Stocks end a wobbly day mixed and just shy of record highs
Investors weigh the latest corporate earning reports and the Federal Reserve chair’s comments on inflation.
Posted inBusiness, Maine, Word on the Street
Word on the Street: Floating patios get beautified as downtown Augusta efforts ramp up
Making ‘a little oasis and a very inviting space’ has been the aim with sidewalk floating patios, according to the Augusta Downtown Alliance director.
Posted inBusiness, Maine
CMP customers to see double-digit rate increase next month
The new rates approved by regulators Wednesday will hike Central Maine Power customers’ bills by 11.5% starting Aug. 1.
Posted inBusiness, Nation & World
Some CEOs took a pay cut in 2020 – and still wound up earning more
Financial experts say executives at hundreds of publicly traded companies voluntarily lowered their own base salaries, but it did little to save their companies’ money or boost employee salaries.
Posted inBusiness, Maine
Consolidated Communications workers in northern New England authorize strike
Union reps say the labor contracts of over 1,000 workers in Maine, Vermont and New Hampshire expire Aug. 7, and negotiations over new contracts have stalled.
Posted inBusiness, Food & Dining
The Wrap: MOFGA store opens for the season
Mainers win specialty food awards. Lobster pizza lures diners.
Posted inBusiness, Maine
Farmington shoppers cope with Maine’s plastic bag ban
Shoppers at Farmington’s Walmart Supercenter have mixed feelings about Maine’s new ban on disposable plastic bags, which went into effect July 1.