Water tables have risen and drainage systems are overwhelmed by this wet summer, resulting in costly cleanup headaches for homeowners.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News
Economy’s solid growth could require additional Fed hikes to fight inflation, Powell says
Substantially higher loan rates, a direct result of the Fed’s rate hikes, have made it harder for Americans to afford a home or a car or for businesses to finance expansions.
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Posted inBusiness
Auto workers vote overwhelmingly to authorize strikes against Detroit companies
United Auto Workers union said Friday that results are still being tallied, but so far 97% have voted in favor of authorizing one or more strikes against Stellantis, General Motors and Ford.
Posted inBusiness, News
Hannaford executive hired to lead Good Shepherd Food Bank
Maine’s largest hunger-relief organization chose Heather Paquette, a longtime leader at Hannaford Supermarkets, to chart its future growth.
Posted inBusiness, Nation & World, News
Democrats accuse tax prep firms of undermining effort for free file tax returns
The IRS in May announced that it would launch a pilot program for the 2024 filing season to allow taxpayers to file directly to the agency for free.
Posted inBusiness, Community
Franklin Savings Bank Foundation Grants $51K in local scholarships
Franklin Savings Bank’s Community Development Foundation has this year awarded $51,000 in college scholarships to 21 students from 11 local high schools and four technical centers. Recipients benefited from scholarships ranging from $1,500 to $3,000. Scholarships awarded to the area high-schools have been specially designated for students with an inclination towards business-related programs, covering areas […]
Posted inArts & Entertainment, Business
‘Dune: Part Two’ release postponed to 2024 as actors strike lingers
The release of “Dune: Part Two,” one of the fall’s most anticipated films, has been postponed from November until next near
Posted inBusiness, Uncategorized
Iran and Saudi Arabia among six countries set to join China, Russia in BRICS economic bloc
The bloc’s move to expand shows signs of strengthening a China-Russia coalition as tensions with the West spiral higher.
Posted inBusiness, Nation & World, Uncategorized
Hopeful signs of an economic ‘soft landing’ emerge in Jackson Hole as Fed meets with world watching
Business these days in Jackson Hole, Wyoming, is still good – just not as robust as it was after the U.S. economy roared out of the pandemic recession.
Posted inBusiness, Uncategorized
Fewer Americans apply for jobless benefits as labor market keeps humming along
The four-week moving average of claims, a less volatile measure, rose by 2,250 to 236,750.