Excluding volatile food and energy prices, ‘core’ inflation rose by the smallest amount in nearly three years, according to Friday’s report on consumer spending in August.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
Strikes spread to Chicago, Lansing as 7,000 more autoworkers join picket line
Ford and GM have refused to make meaningful progress in contract talks, Union President Shawn Fain told workers.
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Posted inBusiness, Nation & World, News
One investor’s uphill battle to turn rewilding into a multibillion-dollar industry
Jeremy Leggett is betting that the biodiversity restoration sector will soon be worth a fortune. Not everyone is convinced.
Posted inBusiness, Nation & World, News
Food prices are rising as countries limit exports. Blame climate change, El Nino and Russia’s war
Across the globe, restrictions on food exports are spilling over, from rice and wheat to other essentials.
Posted inBusiness, Maine
Maine Chamber of Commerce picks former LePage administration official as president
Patrick Woodcock served as the former governor’s director of the state energy office.
Posted inArts & Entertainment, Business
Netflix’s DVD-by-mail service make final trip to mailboxes
The fewer than 1 million recipients who still subscribe to the DVD service will be able to keep the final discs that land in their mailboxes.
Posted inBusiness, Maine, News
UMaine System and its maintenance and service workers union at an impasse in bargaining
The university system is offering a one-year contract extension with a 3% raise. The union says that’s not enough and has requested third-party mediation.
Posted inBusiness, Maine, News, Schools and Education
UMaine Augusta and Maine Department of Labor to launch cybersecurity apprenticeship program
Maine would need to increase its number of cybersecurity professionals by 63% just to fill the number of current open positions.
Posted inBusiness, Nation & World, News
Over 50 arrested after mobs ransack Philadelphia stores. Dozens of liquor outlets close
The police commissioner called the flash mob-style ransacking the work of ‘a bunch of criminal opportunists’ unconnected to a peaceful protest over the dismissal of a murder charge against a police officer.
Posted inBusiness, Nation & World, News
Autoworkers aren’t striking only for higher wages. They want their pensions back, too
Ford Motor Co., General Motors Co., and Stellantis NV are determined to consign pensions to the past even as striking UAW members are just as keen to revive them.