Local Business

09/28/2026 · Aroostook County

Oil Prices Rise, Borrowing Costs Increase Amid Middle East Concerns

Global oil prices reached $105 per barrel today. This increase occurs as financial markets react to developments in the Middle East. Borrowing costs have also climbed.

09/27/2026

Read Story

Business

Brent Crude Price Exceeds $107 Per Barrel

Brent crude oil prices have surpassed $107 per barrel, a level not seen since May. This increase occurred as bond yields also rose, impacting global financial markets.

09/27/2026

Business

Satellite Imagery Reveals Damage to Key Oil Pipeline

New satellite images show significant damage to a critical oil pipeline, leading to its closure. Analysts indicate this disruption could reduce global oil supplies by millions of barrels per day. The full impact of the closure on the energy market remains under assessment.

09/27/2026

Business

Proposed Legislation Seeks to Regulate Cryptocurrency Market in U.S.

A legislative proposal, known as the Clarity Act, seeks to implement the first comprehensive regulations for the cryptocurrency industry in the United States. While proponents advocate for clear guidelines, opponents express significant concerns regarding its provisions. The bill's future in the Senate remains uncertain.

09/27/2026

Business

Warren Buffett Steps Down From Berkshire Hathaway Leadership

Warren Buffett has concluded his six-decade tenure leading Berkshire Hathaway. He transformed a textile company into a global investment firm. The departure marks a significant leadership change for the company.

09/28/2026

Business

30-Year Mortgage Rates Reach 7.2% Amid High Home Prices

Interest rates for a 30-year fixed mortgage reached 7.2%. This increase occurs alongside near-record high home prices, impacting the ability of many individuals to purchase a home.

09/28/2026

More Local Business

← Yesterday's Local Business Today's Full Edition

Upcoming Events

View all

OCT

Sacred Heart at Maine

19:30

Announcements

View all

Route 113 Daytime Closures

Route 113 Daytime Closures 8/29/2025 MAINE/NEW HAMPSHIRE - From September 8 to November 14, the Maine Department of Transportation will close Route 113 through the White Mountain National Forest to all vehicles from 7 A.M. to 5 P.M. on weekdays for a cable guardrail replacement project. The project area begins just south of the Spruce Hill Trail parking area and extends south to the Brickett Place. This project is expected to be completed by this fall. Bicyclists and pedestrians may continue to use the entirety of Route 113. Bikers and pedestrians will need to use caution when approaching a work zone and follow the flagger’s instructions. Onsite signage will be updated regularly to show which sections of Route 113 are closed to vehicles. All through traffic intending to use Route 113 should seek an alternate route between the hours of 7 A.M. to 5 P.M. Maine drivers should use Route 5 and New Hampshire drivers should use Routes 16 and 302 as an alternative route. The contractor on this project is CA Newcomb & Sons of Carmel, Maine. The contract amount is $1,412,910.00. MaineDOT will provide updates on the project as needed via our website.

Spurwink Bridge Work in Cape Elizabeth

Spurwink Bridge Work in Cape Elizabeth 8/29/2025 CAPE ELIZABETH - The Maine Department of Transportation will begin work on the Spurwink Bridge for a bridge wearing surface replacement project starting on September 2. Work is expected to be completed by the end of October 2025. The bridge and adjacent approach roadway will be reduced to one 12’ wide lane. Drivers should expect one-way alternating traffic that will be controlled with temporary traffic signals. The contractor on this project is Wyman & Simpson of Richmond, Maine. The contract amount for this project is $320,000.

Mitchell Bridge Closure in Scarborough

Mitchell Bridge Closure in Scarborough | Maine Department of Transportation Home Skip to top navigation Skip to side navigation Skip to content Skip to footer Mitchell Bridge Closure in Scarborough 8/26/2025 SCARBOROUGH – The Maine Department of Transportation will be closing the Mitchell Bridge on Mitchell Hill Road at the town line between Gorham & Scarborough on September 2 for up to 45 days for a culvert replacement project. There will be signage along the detour route. The detour uses Holmes Road, Beech Ridge Road, County Road/Route 22, and Burnham Rd. The anticipated completion date for this project is October 24. The contractor on this project is T. Buck Construction, Inc. of Turner, Maine. The contract amount is $940,000.