Southern Maine towns and cities benefited from large number of workers and their salaries.
Business
Business news and information from the Portland Press Herald.
Royce Cross stepping down as CEO of Cross Insurance, being succeeded by son
Jonathan Cross is the third generation of the Cross family to lead the 68-year-old, Bangor-based insurance provider.
New England displaces South among hottest housing markets
Hottest Zip codes list includes several Maine locations, and a few areas farther afield: Ohio, Tennessee, Pennsylvania. Affordability drives the market activity.
Stocks end broadly higher, breaking a 3-week losing streak
Stocks spent July and part of August gaining ground on hopes that the Fed would ease up on its interest rate hikes.
Stocks recover from a stumble on Wall Street and end higher
The market stayed on track for its first weekly gain in four weeks.
Regulators try to stop unlawful nursing home debt collection
A federal report says nursing homes and debt collectors are flouting a law that prohibits them from requiring friends and family of care home residents to be responsible for costs of the facilities.
Cheaper electric vehicles coming despite high battery costs
Auto companies are rolling out more affordable electric vehicles that should widen their appeal to a larger group of buyers.
Jumbo Fed rate hike is in play as Powell sticks to hawkish view
The Federal Reserve chairman notes that history cautions against prematurely loosening policy to curb inflation.
As housing market cools, homebuyers regain leverage
On average, U.S. homes purchased during a four-week period in August sold for less than what sellers were asking, new data from Redfin shows.
N.Y. firm to buy Yarmouth nursing home for $2.5 million
The sale of Coastal Manor continues a trend of consolidation in the industry as owners try to manage rising costs.