Natural gas prices are projected to decline, but the prospect of war in the Middle East could change things.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine, News
Somerset County Jail paid 140 correctional officers $133,000 in overtime case
The jail violated their labor rights from 2017-19, when administrators paid correctional officers less overtime wages than they were entitled to per federal labor laws.
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Posted inBusiness, Nation & World, News
Cities, states contend with more strikes as unions gain power
A widening gap with the private sector and the erosive effects of inflation are spurring workers to action.
Posted inBusiness, Health, Nation & World
Zippers used by clothing brands found to contain ‘forever chemicals’
PFAS can lead to conditions like kidney cancer, high cholesterol and thyroid disease.
Posted inBusiness, Nation & World, News
Maine joins other states in suing Meta, claiming its social platforms harm children’s mental health
The federal lawsuit also claims that Meta routinely collects data on children under 13 without their parents’ consent, in violation of federal law.
Posted inBusiness, Maine
Portland company enters deal with Shell to generate renewable energy from Mississippi River currents
ORPC harnesses the power of moving water to provide renewable energy. The project in the Mississippi is expected to bring visibility to the hydrokinetic technology the company pioneered.
Posted inBusiness, Maine, News
Maine regulators signal support for new clean car rules
The Board of Environmental Protection narrowly supports proposed electric car standards, but balks at similar rules for trucks. A final vote won’t be taken until after board staff responds to more than a thousand public comments about the proposed rule.
Posted inBusiness, Nation & World, News
UAW strikes at General Motors plant in Texas as union goes after automakers’ cash cows
GM CEO Mary Barra told investors that the automaker already has made a record offer and the company won’t agree to a contract that doesn’t allow them to compete in the market.
Posted inBusiness, Nation & World, News
Women across Iceland, including prime minister, go on strike for equal pay and no more violence
The island nation just below the Arctic Circle has been ranked as the world’s most gender-equal country 14 years in a row by the World Economic Forum.
Posted inBusiness
Yield on 10-year Treasury reached 5% for first time since 2007. Here’s why it matters
Besides making it more expensive for U.S. homebuyers, higher yields also put downward pressure on prices for everything from stocks to cryptocurrencies. Eventually, they could cause companies to lay off more workers.