A state tax exemption benefits industrial companies for cutting down on pollution but also draws millions of dollars away from small-town tax revenue, and never expires.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, Nation / World, News
Alaska Air to buy Hawaiian Airlines in $1.9 billion deal that may attract regulator scrutiny
The deal will need the blessing of U.S. regulators, which have resisted more airline consolidation out of fear it could lead to higher fares.
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Posted inBusiness, Maine
Agriculture businesses across Maine poised for expansion with injection of federal grant funding
Five Maine farms have secured more than $1 million in federal agricultural grants to develop and sell products that range from soap to salami, making their products available more widely and helping the businesses to grow sustainably.
Posted inBusiness, Maine, News
Death becomes her: The future of funeral home work is female
Nearly half of the country’s funeral directors say they plan to retire in the next five years, and there’s already a critical shortage of directors. Not everyone is comfortable making a living out of death – the job is emotionally taxing and requires long, often unpredictable hours.
Posted inBusiness, Maine, Politics
Task force begins review of hospital facility fees
The Task Force to Evaluate the Impact of Facility Fees on Patients has only two weeks to complete its work and issue recommendations to the Legislature, which will reconvene Jan. 3.
Posted inBusiness, Nation / World, News
Wall Street, after closing its best month in over a year, pushes even higher to end week
The benchmark S&P 500 index has reached its highest level in more than a year.
Posted inBusiness, Nation / World, News
News outlets turn to Reddit as Elon Musk’s X descends into chaos
As Twitter continues to decline as a place to post news, media companies have been seeking out alternatives. But where to post on Reddit can present an ethical dilemma.
Posted inBusiness, Nation / World, News
UAE looks to burnish its climate credentials with $30 billion pledge
At the COP28 summit, the United Arab Emirates announced $30 billion to help poor countries with climate projects, including the transition to cleaner energy.
Posted inBusiness, Maine, News
Low-income households are getting ‘woefully inadequate’ help with utility bills, public advocate says
A report from the Electric Ratepayer Advisory Council suggests Maine needs $126 million a year in assistance. That’s five times more than what’s currently available.
Posted inBusiness, Nation / World, News, Politics
Biden turns up pressure on corporate ‘price gouging’ as 2024 nears
The president’s attempt to attack corporate profiteering comes in response to consistently poor marks from voters over his handling of the economy.