Unlike other projects in the region, the Gulf of Maine wind turbines would showcase floating platform technology because the water is too deep for turbines to be anchored to the ocean floor.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Feature Obituary, Local & State, News
David Geary, ‘Godfather of Maine craft beer,’ dies at 78
The pioneering brewer and his wife, Karen, launched D.L. Geary Brewing in Portland, giving New England its first craft brewery with Geary’s Pale Ale setting the standard for English-style ales.
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Posted inBusiness
Supreme Court lets work resume on gas pipeline
The high court stopped short of tossing out lawsuits by environmental groups, something the pipeline had suggested as an alternative.
Posted inBusiness
Elon Musk wants to turn tweets into X’s. But changing language is not quite so simple
No other social network has a word for posting that’s entered the vernacular like ‘tweet.’
Posted inBusiness, Lewiston-Auburn, Local & State, Nation & World
Auburn Manufacturing Inc. has endured and persevered
The specialty textile manufacturer battled through COVID-19 and took on the Chinese for targeting her business.
Posted inBusiness, Nation & World
U.S. economy accelerated unexpectedly to 2.4% growth rate despite Fed hikes
Driving the gain was a burst of business investment.
Posted inBusiness, News
Wex will invest $100 million in the future of electric vehicles
The strategy might seem like a shift for the Maine-based payment processing company, but it’s long been involved in the EV industry.
Posted inBusiness, Nation & World, News
DeSantis appointees reach deal with Disney World’s firefighters, capping years of negotiations
The contract, among other provisions, would increase wages by 5%, including raising the starting annual wage for firefighter and paramedics from $55,000 to $66,000.
Posted inBusiness, Nation & World, News
Residents are at a loss after newspaper that bound community shuts in declining coal county
Months after the last newspaper closed in a declining coal community in West Virginia, residents say they are already experiencing challenges getting and sharing information.
Posted inBusiness, Nation & World, News
Federal Reserve raises its key rate for 11th time by a quarter-point in its drive to slow inflation
Coming on top of its previous rate hikes, the Fed’s latest move could lead to further increases in the costs of mortgages, auto loans, credit cards and business borrowing.