Developer John Jabar Jr. previewed his plans to build a complex of eight apartment buildings on Washington Street with a possible future expansion for the Waterville Planning Board on Tuesday.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness
Walmart lays off hundreds of office employees, requires others to relocate
BENTONVILLE, Ark. — Walmart on Tuesday announced layoffs affecting several hundred jobs at the retail giant’s campus offices. It also said it will require most remote workers and personnel in its Dallas, Atlanta and Toronto offices to relocate to its primary offices in Bentonville, Arkansas; Hoboken, New Jersey; and the San Francisco Bay Area. The […]
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Posted inBusiness, Maine, Morning Sentinel
Waterville Planning Board approves final plans for Colby College residence hall
The dormitory, projected to open in the fall of 2026 at the Waterville campus, is expected to house 217 students.
Posted inBusiness, Maine
MEMIC workers’ comp premiums reduced more than 15%
The rate reduction will save more than 17,500 Maine employers as much as $31 million in total workers’ comp costs, which are among the highest in the nation.
Posted inBusiness, Maine, News
Maine organic farmers to sue EPA over forever chemicals in sludge
The Maine Organic Farmers and Gardeners Association claims that federal law requires the EPA to regulate toxic pollutants in sludge and take steps to prevent them from harming humans and the environment.
Posted inBusiness
Federal Reserve chair downplays potential for rate hike despite higher price pressures
Economists are divided over whether the inflation figures reflect a re-acceleration in cost growth or are echoes of the pandemic.
Posted inBusiness
Biden hikes tariffs on Chinese EVs, solar cells, steel, aluminum
It’s uncertain what the long-term impact on prices could be if the tariffs contribute to a wider trade dispute.
Posted inBusiness, Nation & World, News
Small, well-built Chinese EV, the Seagull poses threat to U.S. auto industry
A tiny, low-priced electric vehicle called the Seagull has American automakers and politicians trembling.
Posted inBusiness, Maine, News
Maine to spend $25 million to rebuild waterfront after devastating winter storms
Applications for funding are now available to repair and rebuild working waterfront areas damaged by the storms.
Posted inBusiness, Nation & World
Bankers notch win in fight to keep billions in credit-card fees
A ruling made last week is on hold as the U.S. Supreme Court considers a broad challenge to the Consumer Financial Protection Bureau’s funding.