Moody’s Investors Services listed Maine’s credit as ‘positive,’ an upgrade from the previous ‘stable’ outlook.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness
Corporate Amazon workers protest company’s climate impact and return-to-office mandate in walkout
Organizers estimated more than 1,900 employees pledged to walk out around the world Wednesday.
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Posted inBusiness, Maine, News
CMP customers may see home electricity bills increase nearly $2 next month
Under a plan that must still be reviewed by the Public Utilities Commission, Central Maine Power’s rates for distributing electricity would be stepped up over 3 years.
Posted inBusiness, Nation & World, News
CEOs got smaller raises. It would still take a typical worker 2 lifetimes to make boss’s annual pay
Discontent over the pay disparity between CEOs and rank-and-file workers has helped fuel labor unrest.
Posted inBusiness, Maine, News
Over 100 small businesses urge Maine lawmakers to pass paid family leave bill
A letter to legislators and Gov. Janet Mills says there is strong support for the bill in the business community, despite concerns some have that the legislation would unduly burden small companies.
Posted inBusiness, Nation & World
Debt limit deal is in place, but budget deficit is still a multi-decade challenge for U.S. government
Social Security, Medicare and Medicaid consume an ever-growing share of federal spending and will continue to grow in coming years.
Posted inBusiness, News, Uncategorized
Health insurer hack means questions but still few answers for Mainers
A cyberattack discovered in April could affect 79,000 state residents with Harvard Pilgrim Health Care coverage. But there’s little information about the information at risk.
Posted inBusiness
Artificial intelligence raises risk of extinction, experts warn
Hundreds of leading figures have signed a statement saying it should be a global priority to address what AI is capable of before it’s out of control.
Posted inBusiness, Maine, Morning Sentinel
Photos: Detroit grooming business stays doggone busy
Dog’s Paradise has been in operation for more than 25 years and handles about 30 dogs a day, thanks to a team of three groomers and two bathers. Photos by Morning Sentinel photographer Rich Abrahamson.
Posted inBusiness, Nation & World, News
Elizabeth Holmes in Texas prison to begin 11-year sentence for blood-testing hoax
The disgraced Theranos CEO was convicted of 4 felony counts of fraud and conspiracy in January 2022.