CMP says construction of the 145-mile corridor will likely begin sometime in January.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness
From restaurants to retailers, virus transformed economies
In the most bruised sectors, changing habits mean that employers may never need as many workers as they did before the pandemic.
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Posted inBusiness, Local & State
Colby outlook predicts Maine economic recovery by 2022, if U.S. can control coronavirus
The annual report warns that economic recovery relies on controlling the pandemic, an effective vaccination campaign and financial relief from the federal government.
Posted inBusiness, Local & State
Working remotely, state workers drive a million fewer miles each week
While the reduction is small relative to total miles driven in Maine each day, it highlights the potential climate benefits of remote work.
Posted inBusiness
Retail sales fell 1.1% in November, biggest drop in 7 months
Retail sales fell 1.1% in November, the biggest drop in seven months, a sign that Americans held back on spending during the start of the holiday shopping season
Posted inBusiness, Food & Dining
The Wrap: Openings, closings, and a plea for help
More & Co. and Ernie’s Pool & Darts close for good. Blackstones bar launches GoFundMe campaign.
Posted inBusiness, Local & State
Broadband advocates ready to award projects with bond money
Maine voters in July approved a $15 million bond for broadband expansion projects, and the first proposals are expected next month.
Posted inBusiness, Nation & World
Fashion mogul Peter Nygard arrested, months after sex trafficking, assault allegations
Ten women filed a lawsuit accusing Nygard of enticing young and impoverished women to his estate in the Bahamas with cash and promises of modeling opportunities.
Posted inBusiness, Local & State
Saddleback opens slopes after 5-year closure
New owners of embattled mountain in Sandy River Plantation, near Rangeley, envision profitable future.
Posted inBusiness, Local & State
Wex settles lawsuit, buys companies in UK at reduced price
The Portland company was sued after it pulled out of a $1.7 billion purchase of the two companies, but wound up buying both for a third of the original price.