Home prices in the state continued to rise in the first month of the year, while the number of available homes for sale continued to fall.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Kennebec Journal, Local & State
Redzone Wireless discusses timeline for broadband coverage plan during Litchfield meeting
Company officials estimate that the internet service will go live in June under a deal with the Kennebec County town.
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Posted inBusiness, Nation & World
Maine delegates decry ‘broken promise’ in China lobster-buying deal
All four members of the state’s congressional delegation say China is not living up to a 2020 trade deal to buy more Maine lobster.
Posted inBusiness, Local & State, News
Maine CDC warns of potentially tainted infant formula
No cases of illness have been reported in Maine, but some of the affected formula was distributed to the state.
Posted inBusiness, Nation & World
Walmart steers through inflation, boosting profit and sales
The nation’s largest retailer also delivered on Thursday an upbeat outlook for this year and boosted its dividend.
Posted inBusiness, Nation & World
Saudi Arabia keeps lid on oil output as U.S. gasoline prices rise
President Biden has warned that gas prices could rise even higher if Russian President Vladimir Putin invades Ukraine.
Posted inBusiness, Nation & World
Trump must testify in New York investigation of his businesses, judge rules
The former president and his two eldest children, Ivanka and Donald Trump Jr., are ordered to comply with subpoenas issued in December by New York Attorney General Letitia James.
Posted inBusiness, Nation & World
Tesla faces another U.S. investigation: unexpected braking
The government says it has 354 complaints from owners during the past nine months about ‘phantom braking’ in Tesla Models 3 and Y.
Posted inBusiness, Local & State
State utility regulators order investigation into CMP’s management
The PUC will look into how CMP parent Avangrid’s desire for profit might have affected operations in Maine, but it also will discontinue a financial penalty imposed on the utility.
Posted inBusiness, Local & State, News
Regulators approve $90 electric bill credit for low-income Mainers
The one-time credit is expected to be applied automatically to about 90,000 customers’ accounts by March 30.