The union’s strategy hinges on its ability to escalate the strike quickly, and the carmakers are warning of potential layoffs as the limited strike reduces the amount of material needed at plants that remain open.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Health, Nation & World, News
Norfolk Southern announces details of plan to pay for lost home values because of Ohio derailment
The railroad estimates that the cleanup will cost more than $800 million, which includes $74 million that Norfolk Southern has pledged to help East Palestine recover.
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Posted inBusiness, Nation & World, News
Benjamin Netanyahu, Elon Musk talk about about antisemitism on X, artificial intelligence
The Israeli prime minister said controlling more-advanced AI must start by getting like-minded states to agree to a code of ethics and conduct.
Posted inBusiness, Health, Maine, News
Changes are coming to Maine’s $300 million medical cannabis industry
Medical cannabis growers could face increased regulations as adult-use sales start to match medical.
Posted inBusiness, Nation & World, News
UAW justifies wage demands by pointing to CEO pay raises. So how high were they?
UAW President Shawn Fain has repeatedly said executive pay has risen by 40% in four years, contrasting it with the 6% raises autoworkers have received in the same time.
Posted inBusiness, Maine, News
Lobster apprenticeship program aims to diversify working waterfront
Lift All Boats, launched by Luke’s Lobster, gives young people of color access to an iconic Maine industry that can be difficult to crack.
Posted inBusiness
Auto workers strike will drive up car prices, but not right away – unless consumers panic
Many analysts think it will take several weeks before dealer lots start to look a bit empty.
Posted inBusiness
Camden National Bank hires Matthew Witten as senior vice president, director of information security
Camden National Bank has announced that Matthew Witten has joined the company as senior vice president, director of information security. With two decades of experience, Witten brings a deep understanding of how an organization’s commitment to maintaining the integrity and confidentiality of customer financial data empowers users to confidently utilize services without the fear of […]
Posted inBusiness
Commissioner announces appointment of Maine securities administrator
AUGUSTA – Department of Professional and Financial Regulation Commissioner Anne Head has appointed Jesse Devine as administrator of the Maine Office of Securities. The office is responsible for protecting Maine investors through fair and balanced regulation of the securities industry and effective enforcement of any violations of Maine’s securities laws and rules. “Jesse brings extensive […]
Posted inBusiness
The Boulos Company promotes Nick Lucas to partner
The Boulos Company has promoted of Nick Lucas, who joined the company as a broker in 2017, to partner. Having joined the company as a broker in 2017, Lucas has consistently showcased his dedication, expertise, and commitment to excellence in the commercial real estate industry. “I first reached out to Boulos six years ago with […]