Workers at five large factories who finished voting in the past few days have turned down the four year and eight month deal by fairly large margins.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, Politics
Republican senator challenges Teamsters head to fight in fiery exchange at hearing
The two men never came face to face in the hearing room. But they hurled insults at each other for around six minutes.
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Posted inBusiness, Nation & World
Biden says his goal for Xi meeting is to get U.S.-China communications back to ‘normal’
The president will use the Asia-Pacific Economic Cooperation forum to show the U.S. has the initiative and money to focus on the region despite grappling with a number of foreign and domestic crises.
Posted inBusiness, Maine
Retirement savings plan law takes effect January 2024 in Maine
Employers with five or more employees who don’t offer a qualified plan must offer workers the chance to save for retirement.
Posted inBusiness, Maine, News
Central Maine Power CEO says victory over public power proposal ‘validated’ the utility’s work
Joseph Purington did, however acknowledge that the utility still has work to do to improve customer relations.
Posted inBusiness
Letting people work from home is good for companies’ revenue growth
The success could be due to companies’ ability to hire quicker and from a wider geographic area.
Posted inBusiness
What’s pushing inflation down? More goods, workers and housing
However, even as overall price increases slow, it doesn’t mean inflation is reversing or that most prices are returning to pre-pandemic levels.
Posted inBusiness, Maine Crime, Times Record
Sea Bags stocks ‘Love Lewiston’ line to raise funds for shooting victims
The Portland-based company is giving 30% of the proceeds from this special collection to the Lewiston-Auburn Victims & Families Fund.
Posted inBusiness, Nation & World, News, Schools and Education
International students have returned to U.S. colleges, fueled by a surge from India
The number of international students in the U.S. grew by 12% in the 2022-23 academic year – the largest single-year increase in more than 40 years.
Posted inBusiness, Nation & World, News, Politics
A fragile global economy is at stake as U.S. and China seek to cool tensions at APEC summit
President Biden and Chinese leader Xi Jinping are set to meet Wednesday on the summit’s sidelines.