While the coronavirus pandemic greatly reduced sales and housing inventory, the median sales price shot upward thanks to a shortage of available homes.
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Posted inBusiness, Local & State, News
More than 138,000 Mainers have filed for unemployment since March
More than 11,500 Maine workers filed new jobless claims last week, even as the state begins reopening parts of its economy.
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Old Port retailer Portmanteau closing for good after 41 years
Owner Nancy Lawrence said she’s worried about contracting COVID-19 and having to change her way of doing business if she reopened.
Posted inBusiness, Local & State, News
BIW president says production delays a challenge to company’s future
In a rare interview, Bath Iron Works President Dirk Lesko said the shipbuilder must be more nimble and catch up on a backlog of work to compete for new contracts.
Posted inBusiness, Local & State, News
Maine women and young adults hit hardest by unemployment
New unemployment claims data show a disproportionately high impact of the economic crisis on restaurant workers, millennials and women.
Posted inBusiness, Local & State, News
As gyms prepare to open, questions linger about safety in a high-exertion environment
Some gyms already have opened for very limited services with the rest looking at a June 1 restart date, but health experts aren’t sure it’s a good idea.
Posted inBusiness, Local & State, News
Maine Economic Recovery Committee begins mapping state’s post-pandemic economy
The 39 members from around the state have the job of coming up with a plan to stabilize the state’s economy, and then grow it.
Posted inBusiness, Local & State, News
Virus cases at Cianbro job site raise concerns about construction workers’ safety
Two Mainers and an unknown number of out-of-state contractors working on a Maine Veterans’ Homes facility in Augusta have tested positive for the coronavirus, the Maine CDC said.
Posted inBusiness, Local & State, News
Covetrus reports increased sales, net loss in first quarter
Higher debt and operating expenses caused the Portland-based veterinary technology and services provider to post a net loss of $33 million.
Posted inBusiness, Local & State, News
Private equity firm involved in failed Maine mill project files for bankruptcy
Cate Street Capital was behind the effort to reopen the East Millinocket paper mill with help from a state tax credit program.