The union is demanding wage increases for the 165 employees currently working under a contract that expired in July 2023.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine
Maine regulators might let utilities report surges in power use as way to identify illegal cannabis grows
Versant Power, which calls illegal marijuana operations an ‘escalating problem,’ proposed the change to allow it, CMP and other utilities to disclose confidential customer information to law enforcement when there is ‘good faith belief’ of a crime.
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Posted inBusiness, Nation & World
February retail sales up 0.6%, yet fissures emerge in what has been a driving force for U.S. economy
American shoppers picked up their spending a bit, but last month’s gain was weaker than expected.
Posted inBusiness, Nation & World
Biden opposes plan to sell U.S. Steel to Japanese firm, citing the need for ‘American steel workers’
Nippon Steel announced in December that it planned to buy the Pittsburgh-based steel producer for $14.1 billion in cash.
Posted inBusiness, Nation & World
The United States has its first large offshore wind farm, with more to come
America’s first commercial-scale offshore wind farm is officially open, a long-awaited moment that helps pave the way for a succession of large wind farms.
Posted inBusiness, Maine, News
Wriggling gold: Fishermen who catch baby eels for $2,000 a pound hope for many years of fishing
The baby eels, also called elvers, were worth $2,009 a pound last year – more than 400 times more than lobster, Maine’s signature seafood.
Posted inBusiness, Nation & World, News
FCC forces cable firms to show single price, with no hidden fees
The rule would require cable and satellite providers to clearly state the total cost, including fees for TV station signals and regional sports programming, as a prominent, single line item.
Posted inBusiness, Nation & World, Politics
Former Treasury Secretary Steve Mnuchin says he’s putting together investor group to buy TikTok
‘This should be owned by U.S. businesses. There’s no way that the Chinese would ever let a U.S. company own something like this in China,’ he said.
Posted inBusiness, Maine, News
Activists say Maine public workers’ retirement system is failing to divest from fossil fuels
But the officials who decide how to invest the retirement funds of Maine’s government employees said fully divesting from fossil fuel companies would violate their constitutional duty.
Posted inBusiness, Nation & World, News
Surviving fishing gear entanglement isn’t enough for right whales – females don’t breed afterward
Even when entanglement does not kill a whale, it can affect individuals’ ability to reproduce, which is critically important for a species with such low numbers, writes a team of scientists.