The Elm at 21 College Ave. struggled during the coronavirus pandemic, but owner Bill Mitchell is in talks to repurpose the space and have a business relocate there.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News
Treasury Secretary Janet Yellen tells Congress U.S. expected to hit debt limit Thursday
Yellen said while Treasury can’t estimate how long the extraordinary measures will allow the U.S. to continue to pay the government’s obligations.
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Posted inBusiness, Nation & World, News
Trump Organization fined $1.6 million for tax fraud
A fine was the only penalty a judge could impose on the Trump Organization after its conviction last month for 17 tax crimes, including conspiracy and falsifying business records.
Posted inBusiness, Local & State, News
Sugarloaf gets provisional notification to begin logging in some areas of its expansion of West Mountain
Logging is expected to begin immediately for new trails and lift line.
Posted inBusiness, Nation & World, News
Exxon Mobil accurately predicted warming since 1970s, study says
Exxon-funded research didn’t just confirm what climate scientists were saying but forecasted the coming warming with precision equal to or better than government and academic scientists.
Posted inBusiness
U.S. applications for unemployment benefits lowest in 15 weeks
December’s jobs report suggests the labor market may be cooling in a way that could aid the Fed’s fight against high inflation.
Posted inBusiness, Nation & World
Minimal airline delays, cancellations a day after U.S. outage
The breakdown Wednesday showed how much American air travel depends on a singular computer system that offers safety information to pilots.
Posted inBusiness, Nation & World
U.S. consumer inflation eases for sixth month in row
The softer readings add to growing signs that the worst inflation bout in four decades is steadily waning.
Posted inBusiness, Nation & World, Politics
U.S. will max out on debt soon, setting up political fight
Past forecasts suggest a default could instantly bury the country in a deep recession, right at a moment of slowing global growth.
Posted inBusiness, Nation & World
‘Cyber incident’ hits U.K. postal service, halts overseas mail
Services for mail coming into the country are operating with minor delays.