Officials hope to see Saddleback House break ground in the spring and work toward an opening next winter.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Local & State
Long-term care insurer in Maine seeks triple-digit rate increases
Genworth Life Insurance Co., with which nearly 4,100 Mainers have policies, is seeking premium increases of up to 178 percent on various plans in 2022.
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Posted inBusiness, Nation & World
Supply chain problems hit charities’ holiday gifts for kids
Some companies are waiting for ships full of toys to clear ports around the U.S.
Posted inBusiness, News
Domino’s Pizza is slated for Farmington
Fernando Jantorno Stelser, owner of HF Enterprises, Inc. in Bath, received approval for the project Oct. 18.
Posted inBusiness, Nation & World
Powell says Fed may accelerate pullback in economic support
As of now, the new variant hasn’t been factored into the agency’s outlook.
Posted inBusiness, Local & State
Senate hampers passage of annual defense bill that funds Bath-built ships
Sixty Senators needed to vote to open debate on its version of the National Defense Authorization Act, but that vote failed 45-51.
Posted inBusiness, Nation & World
Stock losses deepen after Fed hints it may dial back aid faster
Investors are worried about the impact of a new coronavirus variant, omicron, about which little is known yet.
Posted inBusiness, Nation & World
Amazon accused of under-reporting coronavirus cases contracted at work
Of the almost 20,000 employees the company said contracted the coronavirus last year, Amazon maintains only 27 potentially caught it at work.
Posted inBusiness, Nation & World
U.S. consumer confidence falls in November to nine-month low
U.S. consumer confidence was held back by rising worries about inflation and lingering concerns about the coronavirus.
Posted inBusiness, Local & State, News
Summer hotel, restaurant spending smashed record in Maine
Nearly $2.5 billion was spent in hotels and restaurants in Maine between June and September, blowing past the mark set in 2019.