With the UAW strike now in its fourth week, EVs and their potential impact on job security have become central to union negotiations with the automakers.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine, News
Who could be a third-party operator? Here’s the test
As part of the legislation connected with Question 3, the Public Utilities Commission would determine that a transmission and distribution utility that serves more than 50,000 customers is considered “unfit” to operate if four or more of the conditions listed below are met. Using this criteria, neither Central Maine Power not Versant could be considered […]
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Posted inBusiness, Maine
If there’s a new Maine utility, who will manage it?
Politics, qualifying credentials and managerial expertise collide in the debate over who would operate a publicly owned utility.
Posted inBusiness, Nation & World, News
Two Federal Reserve officials say spike in bond yields may allow central bank to leave rates alone
Since March of last year, the Fed has raised its benchmark short-term interest rate 11 times, from near zero to roughly 5.4%
Posted inBusiness, Nation & World, News
Air travel is back to pre-pandemic levels, but new turbulence lies ahead
It took four long years for global airline capacity to return to pre-COVID levels – but for passengers and airlines, the industry has changed forever.
Posted inBusiness, Nation & World, News
U.S. airlines pull back from Israel flights as war breaks out
The three major U.S. airlines halted flights with Israel after the country was attacked by Hamas over the weekend, while some Middle Eastern and European carriers continued to give passengers an exit route from the developing war.
Posted inBusiness, Nation & World, News
Workers at Mack Trucks reject contract and join thousands of UAW members already on strike
The United Auto Workers said 4,000 unionized workers walked out at 7 a.m., adding to labor turmoil in the industry that has ensnared all three big Detroit automakers.
Posted inBusiness, Nation & World, News
Nobel economics prize goes to Harvard professor Claudia Goldin for research on the workplace gender gap
Goldin has studied 200 years of women’s participation in the workplace, showing that, despite continued economic growth, women’s pay did not continuously catch up to men’s and a divide still exists.
Posted inBusiness, Maine, News
Downeaster pitches fare increases for the first time in 5 years
The plan to raise certain fares $2 to $10 comes as ridership has rebounded beyond pre-pandemic levels.
Posted inBusiness, Nation & World
From Coke floats to Cronuts, going viral can have a lasting effect on a small business
Lexington Candy Shop in New York has had a line outside for over a year since a TikTok of its Coke float went viral.