Business - Centralmaine.com

Climate activists target jets, yachts and golf in a string of global protests against luxury

by DAVID BRUNAT Associated Press August 28, 2023August 28, 2023

Climate activism has intensified in the past few years as the planet warms to dangerous levels, igniting more extreme heat, floods, storms and wildfires around the world.

Business, News

How PayPal is using AI to combat fraud, and make it easier to pay

by KEN SWEET Associated Press August 28, 2023August 28, 2023

Artificial intelligence has been the buzzword of 2023 ever since ChatGPT made its public debut earlier this year.

Business, Maine, News

Unusually heavy rainfall has flooded Maine basements, some for the first time

by Hannah LaClaire August 27, 2023August 27, 2023

Water tables have risen and drainage systems are overwhelmed by this wet summer, resulting in costly cleanup headaches for homeowners.

Business, Nation & World, News

Economy’s solid growth could require additional Fed hikes to fight inflation, Powell says

by CHRISTOPHER RUGABER Associated Press August 25, 2023August 25, 2023

Substantially higher loan rates, a direct result of the Fed’s rate hikes, have made it harder for Americans to afford a home or a car or for businesses to finance expansions.

Business

Auto workers vote overwhelmingly to authorize strikes against Detroit companies

by Associated Press August 25, 2023August 25, 2023

United Auto Workers union said Friday that results are still being tallied, but so far 97% have voted in favor of authorizing one or more strikes against Stellantis, General Motors and Ford.

Business, News

Hannaford executive hired to lead Good Shepherd Food Bank

by Kay Neufeld August 25, 2023August 25, 2023

Maine’s largest hunger-relief organization chose Heather Paquette, a longtime leader at Hannaford Supermarkets, to chart its future growth.

Business, Nation & World, News

Democrats accuse tax prep firms of undermining effort for free file tax returns

by FATIMA HUSSEIN Associated Press August 25, 2023August 25, 2023

The IRS in May announced that it would launch a pilot program for the 2024 filing season to allow taxpayers to file directly to the agency for free.

Business, Community

Franklin Savings Bank Foundation Grants $51K in local scholarships

August 25, 2023August 22, 2023

Franklin Savings Bank’s Community Development Foundation has this year awarded $51,000 in college scholarships to 21 students from 11 local high schools and four technical centers. Recipients benefited from scholarships ranging from $1,500 to $3,000. Scholarships awarded to the area high-schools have been specially designated for students with an inclination towards business-related programs, covering areas […]