Navient, a major student loan servicing company, denied acting illegally, and it did not admit to any wrongdoing under the settlement, which is subject to court approval.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Uncategorized
Farmington businesses temporarily close for COVID-19 safety precautions
The closures raise discussions about the efficacy of masking policies among businesses in town amid a peak of COVID-19 cases in Franklin County.
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Posted inBusiness, Health, Maine, News
Maine Med nurses’ union criticizes working conditions at hospital under pandemic pressure
The protest, part of a national ‘day of action’ organized by the parent union of the Maine State Nurses Association, comes as the association negotiates its first contract with Maine Medical Center.
Posted inBusiness, Uncategorized
What’s really going on with inflation? Economists weigh in
Consumers are eager to spend, and suppliers aren’t able to keep up with the demand.
Posted inBusiness, Maine
Maine company sued over Bronx apartment fire that killed 17 people
LIHC Investment Group is one of three owners of the New York apartment building that caught fire Sunday.
Posted inBusiness, Health, Nation & World
Supreme Court halts COVID-19 vaccine rule for businesses, but allows it for health care workers
The court’s conservative majority concludes the administration overstepped its authority by seeking to impose the Occupational Safety and Health Administration’s vaccine-or-test rule on U.S. businesses with at least 100 employees.
Posted inBusiness, Nation & World, News
U.S. jobless claims rise to the highest level since mid-November
The number of Americans applying for unemployment benefits rose by 23,000 to 230,000.
Posted inBusiness, Maine
Pingree and Collins press Postal Service for answers on mail delays
Some Maine residents have complained in recent weeks that regular mail is being delayed for days or going undelivered.
Posted inBusiness, Nation & World
Sweden to help households as electricity prices soar
Homeowners have started adopting strategies to lower their consumption – turning down the heating, closing off rooms, using alternative heat sources like wood log burners and wearing thick woolly socks.
Posted inBusiness, Nation & World
Stocks edge higher as inflation report keeps rate hikes on track
The modest gains were led by technology stocks, which have been choppy in recent days.