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Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News
From decay to dazzling, Ford restores grandeur to Detroit train station
The hulking, scavenger-ravaged structure that ominously shadowed the city’s Corktown neighborhood is now home to Ford Motor Co. and the centerpiece of a 30-acre mobility innovation district.
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Posted inBusiness, Nation & World, News
Technical issues briefly halt trading for some stocks in the latest glitch to hit Wall Street
The industry has just moved to a new system where the settlement of stock trades happen much faster than they used to.
Posted inBusiness, Maine, News
New England grid operator says it’s prepared for peak electricity demands this summer
ISO-New England says it will have sufficient electricity to meet consumer demand, though an extreme heat wave could test the grid’s capacity.
Posted inBusiness, Maine, Morning Sentinel, News
Build Maine conference to draw experts, economic development officials to Skowhegan for 3rd year
An expected 250 attendees will attend planned workshops and presentations focused on topics related to development, housing, transportation and other concepts that they can apply locally, organizers say.
Posted inBusiness, Nation & World, News
As pharmacies shutter, some regions and communities are left behind
Urban and rural communities have come to depend on pharmacies as a trusted care option and a place for advice.
Posted inBusiness, Maine
Maine’s workforce isn’t keeping pace with growth, Gov. Mills tells business leaders
New investments by the state and federal government are helping to attract and retain employees, but there is more work to be done to solve workforce shortages, the governor says.
Posted inBusiness, Maine, Morning Sentinel, News
Madison wood insulation manufacturer to expand distribution in U.S., Canada under new partnership
TimberHP, a division of Belfast-based GO Lab Inc., revived a former Madison Paper Industries mill, and is now partnering with CertainTeed Inc.
Posted inBusiness, Nation & World, News
CEOs got hefty pay raises in 2023, widening the gap with the workers they oversee
The median pay package for CEOs rose to $16.3 million, up 12.6%. Meanwhile, wages and benefits netted by private-sector workers rose 4.1% through 2023.
Posted inBusiness, Maine, News
Electric grid operators ordered to brace for surging demand and storm threats
New England has already begun looking at how the regional grid can adapt to change.