The surprising pace of U.S. job growth is attributable in part to immigrants.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, News
About 100 employees affected as Rumford paper mill makes ‘key operational changes’
ND Paper issues ‘temporary layoffs’ to some workers as a papermaking machine is shutdown due to ‘market-related downtime.’
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Posted inBusiness, Nation & World
Reddit, the self-anointed ‘front page of the internet,’ soars in Wall Street debut
Reddit’s IPO will test the quirky company’s ability to overcome a nearly 20-year history colored by uninterrupted losses, management turmoil and user backlashes.
Posted inBusiness, Nation & World
New bipartisan bill would require online identification, labeling of AI-generated videos and audio
It’s the latest effort to rein in rapidly developing technologies that, if misused, could easily deceive and mislead.
Posted inBusiness, Maine, News
Maine home sales finally increased in February, but so did prices
Demand for homes in Maine continues to outpace the supply, which is pushing prices up, experts say.
Posted inBusiness, Maine, News
Marshalls is still coming to Farmington
Renovations, which began a year ago, have picked up again at empty storefronts on Hannaford Drive at Hannaford Plaza.
Posted inBusiness, Nation & World, News
Major airlines want to hear Boeing’s plan to fix manufacturing problems
Airline CEOs have been outspoken in their frustration with Boeing’s manufacturing problems, which have slowed deliveries of planes that the carriers were counting on.
Posted inBusiness, Nation & World, News
Big grocery stores profited from pandemic more than smaller rivals
The report collected information confidentially from retail giants Amazon.com Inc. and Walmart Inc. as well as chains like Kroger Co. for an investigation of grocery supply chain disruptions.
Posted inBusiness, Nation & World
Justice Department sues Apple, alleging the tech giant illegally monopolized the smartphone market
The case takes direct aim at the digital fortress that Apple Inc. has built around the iPhone and other popular products such as the iPad, Mac and Apple Watch.
Posted inBusiness, Nation & World, News
Federal Reserve leaves interest rate steady, still foresees 3 rate cuts this year
In new quarterly projections they issued, the Fed officials forecast that stronger growth and stubborn inflation would persist this year and next.