The state Department of Labor hopes a new rule that went into effect Thursday will end a pattern of small fines and few collections of penalties.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News
Instagram makes teen accounts private as pressure mounts on the app to protect children
Separate teen accounts for those under 18 are part of an effort to make the platform safer for children amid growing backlash against how social media affects young people’s lives.
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Posted inBusiness, Nation & World, News
U.S. home sales fell in August despite easing mortgage rates, more homes on the market
The national median sales price rose 3.1% from a year earlier to $416,700. That’s the highest median price for August on records going back to 1999.
Posted inBusiness, Maine, News
Madawaska paper mill to receive nearly $10 million Maine tax credit
Twin Rivers Paper Co. Inc. was the only mill eligible for the tax credit meant to help modernize equipment and save jobs. A state report recommends more transparency about business incentives.
Posted inArts & Entertainment, Business, Nation & World, News
MrBeast, Amazon sued by competitors from reality show over alleged ‘unsafe’ conditions
The filing alleges that the multimillion-dollar company behind YouTube’s most popular channel failed to provide minimum wages, overtime pay, uninterrupted meal breaks and rest time for competitors.
Posted inBusiness, Nation & World, News
The Fed is finally lowering interest rates. Here’s what you should know.
The central bank is acting because, after 11 rate hikes since March 2022, it feels confident that inflation is finally mild enough that it can begin to ease the cost of borrowing.
Posted inBusiness, Nation & World, News
Federal Reserve cuts key interest rate by sizable half-point, signaling end to inflation fight
The rate cut, the Fed’s first in more than four years, reflects its new focus on bolstering the job market, which has shown clear signs of slowing.
Posted inBusiness, Maine, Morning Sentinel
Waterville council rejects renewing marijuana retail license. Business owner says they didn’t ‘break any laws or ordinances’.
The City Council heard from one woman who said the noise from Bobby Buds on College Avenue is so loud her ears throb when she is in her nearby apartment.
Posted inBusiness, Maine, News
Maine investigating moldy cannabis that led to state’s first recall
Cannabis Cured, the cultivator and retailer that sold the contaminated products, maintains that its samples passed an initial round of state-mandated testing.
Posted inBusiness, Community, News
Appeal seeks to revoke license of Poppy’s Redemption Center in Jay
Poppy’s Redemption Center is under threat of closing just two months after opening at 246 Main St., according to a post on its Facebook page Sept. 11.