The studios announced that they had suspended contract negotiations, saying the gap between the two sides was too great to make continuing worth it.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Word on the Street
Owner of Nebraska drive-in theater purchases former Skowhegan Drive-In sign
The Skowhegan sign will be transported to Alliance, Nebraska, where it will be displayed in some fashion at a drive-in there.
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Posted inBusiness, Nation & World
U.S. inflation eased slightly last month as price increases extend slow descent
Prices are continuing to rise faster than is consistent with the Federal Reserve’s 2% target.
Posted inBusiness, Nation & World, News
Ford says it’s at the limit on how much it can spend to get new contract with striking autoworkers
United Auto Workers’ president said the union has waited long enough, ‘but Ford hasn’t gotten the message’ to bargain for a fair contract.
Posted inBusiness, Nation & World
Social Security benefits will increase by 3.2% in 2024 as inflation moderates
The acting Social Security commissioner says the increase in benefits – estimated at $59 per month on average – ‘will help millions of people keep up with expenses.’
Posted inBusiness, Nation & World, News
EU asks X for information on hate speech and ‘illegal content’ related to Israel-Hamas war
The European Commission has made a formal, legally binding request for information from Elon Musk’s social media platform over its handling of hate speech, misinformation and violent terrorist content.
Posted inBusiness, Food & Dining, Maine
Cheese Louise plans to open in Westbrook’s Rock Row
The fast-casual grilled cheese restaurant would join existing local and national chains in 2025.
Posted inBusiness, Maine
Protesters criticize health insurance companies for denying claims
The rally was organized by the Maine People’s Alliance and was one of 15 events happening around the country as part of a national campaign to demand reform of large private insurers.
Posted inBusiness, Maine
New owners, new plans for Portland’s landmark Time and Temperature Building
New owners have the building under contract and are proposing creating a hotel, restaurant, observation deck and residential housing.
Posted inBusiness, Nation & World
Social Security cost-of-living adjustment coming – but it won’t be as big as this year’s
Social Security’s cost-of-living increase for 2024 will be announced Thursday.