The workers comp company is returning dividends to 14,000 policyholders, reflecting savings from lower-than-expected losses from workplace injuries.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine
Maine watchdog seeks to have Electricity Maine’s license revoked, says it overcharges
Some of the electricity supplier’s customers pay 40 cents per kilowatt hour, compared with the state’s standard offer of 17.6 cents, according to the state’s consumer advocate.
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Posted inBusiness, Nation & World
Wall Street rises as pressure from the bond market eases
Increasing Treasury yields have been the main reason for the stock market’s stumbles since the summer, as worries rise that the Fed will keep its federal funds rate at a high level for longer than Wall Street hopes.
Posted inBusiness
Men missing from U.S. jobs market set for comeback, research shows
A greater share of young men today have a post-secondary degree, signaling that as they age, they’ll enter the work force.
Posted inBusiness, Nation & World
The Amazon antitrust lawsuit is likely to be a long and arduous journey for the FTC
Experts say the Federal Trade Commission faces a few hurdles in its own case, including convincing the court which slice of the market Amazon is allegedly monopolizing.
Posted inBusiness, Nation & World
The future of electric vehicles looms over negotiations in the U.S. autoworkers strike
With the UAW strike now in its fourth week, EVs and their potential impact on job security have become central to union negotiations with the automakers.
Posted inBusiness, Maine, News
Who could be a third-party operator? Here’s the test
As part of the legislation connected with Question 3, the Public Utilities Commission would determine that a transmission and distribution utility that serves more than 50,000 customers is considered “unfit” to operate if four or more of the conditions listed below are met. Using this criteria, neither Central Maine Power not Versant could be considered […]
Posted inBusiness, Maine
If there’s a new Maine utility, who will manage it?
Politics, qualifying credentials and managerial expertise collide in the debate over who would operate a publicly owned utility.
Posted inBusiness, Nation & World, News
Two Federal Reserve officials say spike in bond yields may allow central bank to leave rates alone
Since March of last year, the Fed has raised its benchmark short-term interest rate 11 times, from near zero to roughly 5.4%
Posted inBusiness, Nation & World, News
Air travel is back to pre-pandemic levels, but new turbulence lies ahead
It took four long years for global airline capacity to return to pre-COVID levels – but for passengers and airlines, the industry has changed forever.