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.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
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.
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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.
Posted inBusiness, Election 2023, Maine, Politics
Carmakers taking away the keys? Right to repair referendum a question of access
Technology continues to evolve in new cars with computerized systems controlling every facet of a vehicle’s operation. Who can access that digital data is at the root of Question 4.
Posted inBusiness, Maine, News
Maine farmers join in plea for federal help at national PFAS conference
Fred Stone, of Arundel, and 3 other Maine farmers address a gathering in Michigan focusing on forever chemicals in agriculture.
Posted inBusiness, Maine, News
State hears opposition to mining proposal in Katahdin region
More than 50 people spoke at a Land Use Planning Commission hearing and nearly all were opposed to Wolfden Mtn. Chase’s application to rezone 374 acres in the Katahdin region to allow for a large-scale metallic mining operation.
Posted inBusiness, Nation & World
A price cap on Russian oil aims to starve Putin of cash. But it’s largely been untested. Until now
Prices for Russian oil have risen well above a price cap imposed by Western allies as part of sanctions over the invasion of Ukraine.
Posted inBusiness, Nation & World
UAW’s confrontational leader makes gains in strike talks, but has he reached too far?
What began with 7,000 workers at one factory each of Ford, General Motors and Jeep maker Stellantis has grown to 40,800 at 7 plants and 38 parts warehouses.
Posted inBusiness
Maine is named a forest bioproducts tech hub, opening door to investment
The highly competitive designation comes with a $500,000 planning grant and the opportunity to receive an additional $50 million-$75 million in federal funding for wood fiber bioproducts innovation.
Posted inBusiness, Nation & World, News
Autoworkers strike at Stellantis pickup truck plant, shutting down big profit center
About 41,000 workers are now on strike against all three automakers.