A main feature of the 2024 labor market is that fewer workers are quitting. A lesser-known one is that fewer are getting promoted.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Lewiston-Auburn, Maine, News
Development plan for Lewiston’s Professional Building includes housing
The tallest office building in downtown Lewiston would be redeveloped into 20 apartments on the upper floors, with two commercial spaces remaining on the ground and basement levels.
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Posted inBusiness
HealthReach recognized by Breathe Easy Maine
WATERVILLE — Connie Coggins, HealthReach president & CEO, recently announced that HealthReach has received the highest award level for tobacco-free achievements. The MaineHealth Center for Tobacco Independence Breathe Easy Maine initiative recognized 44 healthcare, hospital, higher education and behavioral health organizations, as well as four individual Gold Star Champions, for efforts to address tobacco use […]
Posted inBusiness
Gardiner FCU awards $24K to local food pantries and organizations
Gardiner Federal Credit Union recently held its annual Ending Hunger Check Reception to distribute the funds it raised in 2023. The reception was held at Spectrum Generations Cohen Center, where representatives of local food pantries and organizations were in attendance. Each of the agencies invited help local families and individuals faced with food insecurities. A […]
Posted inBusiness
Finsulate triumphs at Dirigo Labs pitch competition with ecological boating solution
Finsulate recently secured a $25,000 prize sponsored by Skowhegan Savings Bank at the accelerator’s third pitch competition held in Waterville. Finsulate creates sustainably responsible foul-release wrap to replace anti-fouling paint on boats, docks, buoys, and other objects in the ocean. Hosted at the Greene Block + Studios in downtown Waterville, 12 companies spanning various industries […]
Posted inBusiness
Waterville-area credit union honors DeRosby for volunteer service
WATERVILLE — Jeannine DeRosby, board director at New Dimensions Federal Credit Union, was recently presented with the 2024 Alexander Ferguson Award for Outstanding Volunteer service at an annual awards ceremony. DeRosby has been active within the credit union industry, advocating politically at both the state and federal levels; attending nearly every Credit Union Day […]
Posted inBusiness, Nation & World, News
Demand for food delivery has skyrocketed. So have complaints about some drivers
Since the COVID-19 pandemic, demand for food delivered fast has skyrocketed.
Posted inBusiness, Nation & World, News
After editor’s departure, Washington Post’s publisher faces questions about phone hacking stories
New CEO and publisher Will Lewis is facing questions about whether he made recent efforts to conceal his involvement in a British scandal a decade ago.
Posted inBusiness, Nation & World, News
U.S. hiring and wage growth picked up in May in sign of sustained economic health
America’s employers added a strong 272,000 jobs in May, a sign that companies are still confident enough in the economy to keep hiring.
Posted inBusiness, Nation & World, News
The number of debt-laden public companies worldwide is growing – including 2,000 in U.S. alone
So-called ‘zombies’ are just stumbling by on the brink of survival, barely able to pay even the interest on their loans and often just a bad business hit away from dying off for good.