Denim has become fashionable among young consumers, but the trend hasn’t done much for the company synonymous with blue jeans.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Lewiston-Auburn, News
Lewiston council approves 20-year tax pact for Gendron housing project off Farwell Street
For the first five years, 75% of the new tax revenue will be returned to the developer for a 208-unit apartment complex, then 65% for 15 years.
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Posted inBusiness, Nation & World, News
German leader to visit Serbia seeking lithium for his country’s car industry
Germany, the largest carmaker in Europe, is seeking to secure lithium for its electric vehicle makers as the European Union struggles to reduce its dependence on imports from China.
Posted inBusiness, Nation & World, News
U.S. housing starts increase on pickup in multifamily construction
Reports showed the number of homes under construction dropped to the lowest level since the start of 2022, suggesting builders are focused on keeping inventory more in line with demand.
Posted inBusiness, Local & State, Morning Sentinel
Waterville moves to eliminate parking requirement for downtown landlords
The City Council on Tuesday took the first of two votes needed to erase the requirement for existing buildings, following a recommendation by the Planning Board to encourage more housing development.
Posted inBusiness, Local & State, News, Schools and Education
Maine AG looking into USM’s parking enforcement contractor
Between December and March, the attorney general’s office received 15 complaints about the company that collects ticket revenue for the University of Southern Maine in Gorham and Portland.
Posted inBusiness, Local & State, News
Spanish energy giant Iberdrola seeks full control of CMP parent
Maine regulators are reviewing the deal in which Avangrid would become a privately held company and assessing how relieving it of federal public reporting requirements would impact ratepayers.
Posted inBusiness, Local & State, News
Online booking alerts now offered for busy Acadia National Park
The email alerts from recreation.gov let travelers know when preferred camp sites and vehicle reservations are available.
Posted inBusiness, Local & State, News
UMaine creating $4.5 million Food Innovation Lab
The production and processing facility planned for the Orono campus is expected to support growth in Maine’s food and beverage manufacturing sectors.
Posted inBusiness
Widespread rally sends Wall Street to records; Dow leaps 740 points
Several big companies delivered better-than-expected profits for the spring, and nearly 9 out of 10 stocks in the S&P 500 rose.