The Kingfield Select Board is considering Whitney Rhodes’ proposal to open a coffee shop, but concerns over the town’s wastewater system have delayed approval pending further engineering assessments.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Kennebec Journal, Local & State
Economic struggles prompt popular downtown Gardiner restaurant to renovate, rebrand
Formerly The Blind Pig, the newly-conceived restaurant 266 StillWater opened this week to offer a different variety in cuisine in a downsized, refurbished space.
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Posted inBusiness, Nation & World, News
China tests new ways to boost economy stifled by wall of austerity
The embrace of a more expansionary policy in China’s capital is effectively getting canceled out in the provinces, where authorities are in full belt-tightening mode.
Posted inBusiness, Local & State, Schools and Education
UMaine System rescinds controversial sale of Belfast building to church, citing procedural issue
The change follows weeks of criticism from other bidders and community members over the procurement process for the Hutchinson Center.
Posted inBusiness, Nation & World
Average rate on 30-year mortgage falls to 6.20%, its lowest level since February 2023
Lower mortgage rates would help boost home shoppers’ purchasing power. But many economists’ forecasts call for the average rate on a 30-year home loan to remain above 6% this year.
Posted inBusiness, Health, Nation & World
Moderna slashes research budget as vaccine sales disappoint
The company is slowing its pace of studying new treatments in part because of recent commercial challenges.
Posted inBusiness, Nation & World, News, Schools and Education
U.S. consumer watchdog finds school lunch fees are taking toll on parents
The U.S. Department of Agriculture has mandated that districts inform families of their options since 2017, but even when parents are aware, having to pay by cash or check to avoid fees can be burdensome.
Posted inBusiness, Nation & World
Campbell wants to say goodbye to the ‘soup’ in its name. It isn’t the first to make such a change
Campbell’s roots date back to 1869, as a modest operation out of New Jersey that later grew. The current Campbell Soup name was adopted in 1922, according to the company’s website.
Posted inBusiness, Nation & World
U.S. inflation reaches 3-year low as Federal Reserve prepares to cut interest rates
A key reason for last month’s drop in overall inflation was the third drop in gas prices in the past four months.
Posted inBusiness, Local & State, News
Maine issues its first-ever recall of tainted recreational marijuana
It’s the first such recall since Maine’s recreational cannabis market launched in 2020, and it affects 3 pre-rolls and 1 flower product, all produced by Cannabis Cured.