United Auto Workers’ president said the union has waited long enough, ‘but Ford hasn’t gotten the message’ to bargain for a fair contract.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
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.’
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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.
Posted inBusiness, Maine
MEMIC returns $18 million to policyholders
The workers comp company is returning dividends to 14,000 policyholders, reflecting savings from lower-than-expected losses from workplace injuries.
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.
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.