The pay increases match the same offer by Ford to end the six-week strike, according to people familiar with the discussions.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Lewiston-Auburn, News
Lockdown in Lewiston and Androscoggin County creates backlog at Walmart distribution center
Dozens of trucks lined up outside Lewiston distribution center waiting to offload their cargo.
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Posted inBusiness, Nation & World
U.S. consumers still spending briskly, even in the face of persistent inflation and high interest rates
An inflation gauge that is closely monitored by the Federal Reserve showed price increases remained elevated in September amid brisk consumer spending and strong economic growth.
Posted inBusiness, Nation & World, News
Cruise, GM’s robotaxi service, suspends all driverless operations nationwide
The announcement Friday arrived just days after California regulators revoked Cruise’s license, saying that its driverless cars posed a danger to public safety.
Posted inBusiness, Nation & World, News
The Biden administration is encouraging the conversion of empty office space to affordable housing
The new initiative, announced Friday morning, is a multipronged effort to address both the national shortage of affordable housing and the post-pandemic surplus of vacant office buildings.
Posted inBusiness, Nation & World
General Motors and Stellantis in talks with United Auto Workers to reach deals that mirror Ford’s
GM is likely to be the next company to settle because it has agreed to pull new electric vehicle battery factories into the UAW’s national contract, which essentially unionizes them.
Posted inBusiness
Science has an answer for why people still wave on Zoom
Like the Zoom mullet and Zoom fatigue, waving at the end of videoconferences is likely here to stay.
Posted inBusiness, Nation & World, News
Israel-Hamas war could threaten already fragile economies in Egypt, Lebanon and Jordan
Economic crises are rippling through the countries bordering Israel, raising the possibility of a chain reaction that could create problems well beyond the Middle East.
Posted inBusiness, Nation & World
The case to break up Google hinges on 4 taps and a swipe
With billions of dollars at stake, arguments at the antitrust trial center on app design.
Posted inBusiness
U.S. economic growth accelerated to strong 4.9% rate last quarter as consumers shrugged off Fed hikes
Thursday’s report on the nation’s gross domestic product showed consumers drove the acceleration, ramping up their spending on everything from cars to restaurant meals.