The parent company of Central Maine Power, Avangrid Inc., is fighting against an initiative to create a consumer-owned utility in the state.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News
Auto sales for 2022 expected to be worse than 2020
The decline is the result of supply chain issues and now lowering demand as a result of higher prices and interest rates.
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Posted inBusiness, Nation & World, News
Southwest Airlines expects to return to normal operations Friday
Executives tell employees that crew scheduling this week – a major cause of the meltdown – has been fixed.
Posted inBusiness, Nation & World, News
U.S. jobless claims rise slightly but remain near historic lows
Initial unemployment claims increased by 9,000 to 225,000 in the week ended Dec. 24.
Posted inBusiness, Nation & World
Ukraine intends to develop air-to-air combat drones
Kyiv has some 1,400 drones, already, mostly for reconnaissance.
Posted inBusiness
Nord Stream 2 pipeline firm gets 6-month stay of bankruptcy
The company’s stay is extended from Jan. 10 through July 10.
Posted inBusiness, Nation & World
Iraq prime minister orders crackdown on trademark violations
For example, a chain of fake Starbucks operates under the international coffee company’s logo in Baghdad.
Posted inBusiness, Nation & World
Wisconsin radio magnate Duey ‘Duke’ Wright dies at 83
He built Midwest Communications into a nine-state operation.
Posted inBusiness
Tesla on rocky ride in worst year ever
Shares in the electric vehicle maker are down nearly 70% since the start of 2022.
Posted inBusiness
Stocks slide in worst year for S&P 500 since 2008
The index is headed for a roughly 20% drop for 2022, even as profits and margins for companies have hit record heights.