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Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Local & State, News
Bull Moose closing store in downtown Portland
The company cites a lack of foot traffic and an expiring lease as reasons for the closure, which won’t affect its other stores.
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Posted inBusiness, Local & State
Downeaster still chugging along despite low ridership
With four out of five daily trips from Brunswick to Boston back up and running following a two-month shut down in the spring and only up to 50 percent capacity on a train at a time, Downeaster officials are reporting only about 400 travelers per day— just about a quarter of projected totals.
Posted inBusiness, Local & State
Dreaming of owning a coastal Maine inn? How does a century year-old Phippsburg ‘artist oasis’ sound
Built in 1911, the Rock Gardens Inn is made of nine separate cottages spread across 4.6 acres on the western shore of Phippsburg.
Posted inBusiness, Nation & World, News
Airlines anticipate loss reaching $157 billion before vaccines are widespread
The figure is almost 60 percent more than the industry’s main trade group forecast in June.
Posted inBusiness, Local & State
Lack of federal stimulus could slow Maine’s economic recovery, panel warns
Gov. Janet Mills’ Economic Recovery Committee recommends long-term steps and investment to get the state’s businesses and society back on track.
Posted inBusiness, Nation & World
OxyContin maker Purdue Pharma pleads guilty, admits criminal role in opioid epidemic
The ongoing drug overdose crisis, which appears to be growing worse during the coronavirus pandemic, has contributed to the deaths of more than 470,000 Americans over the past 2 decades, most of those from legal and illicit opioids.
Posted inBusiness, Nation & World
Dow crests 30,000 points on vaccine hopes, Biden transition
‘We are one step closer to moving past the election uncertainty,’ said Lindsey Bell, chief investment strategist at Ally Invest.
Posted inBusiness, Local & State
Guilford-based Puritan Medical Products contracted to produce millions of testing swabs
A Maine medical supplies manufacturer has been awarded more than $11 million from the federal government to produce millions more testing swabs.
Posted inBusiness, Local & State, Morning Sentinel
Demand for Thanksgiving turkeys of all shapes and sizes booming at Mercer farm
Scott Greaney and his family expect to more than double the number of turkeys they process in a normal years, but with the pandemic, nothing is normal.