Those pushing to improve rail safety say the accident adds urgency to the debate over reforms Congress and regulators are considering.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness
CNN urges patience as ratings tank during turnaround
The goal is to rebuild trust as a nonpartisan news brand after years of criticism by ex-President Donald Trump and his followers.
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Posted inBusiness
Average Wall Street bonuses dipped 26% to $176,700 last year
The pool for 2022 was $33.7 billion, down 21% from the previous year’s record of $42.7 billion.
Posted inBusiness, Nation & World, News
More Americans file for jobless claims; layoffs remain low
U.S. applications for jobless benefits rose last week but remain at historically low levels despite the Federal Reserve’s efforts to cool the economy and job market in its fight against inflation.
Posted inBusiness, Nation & World
Paris sanitation workers end 3-week strike
Nationwide protests also appear to be winding down.
Posted inBusiness, Nation & World
Computer scientists, tech notables call for pause in AI race
Their petition is a response to OpenAI’s recent release of GPT-4, a more advanced successor to its widely used AI chatbot ChatGPT.
Posted inBusiness, Nation & World
Credit Suisse accused of violating deal on rich Americans’ tax evasion
The Senate findings pose new problems for rival UBS as it tries to take over the long-troubled Swiss bank.
Posted inBusiness, Maine, Nation & World, News
U.S. energy officials release strategy to boost offshore wind
The Biden administration is attempting to lower the cost of fixed offshore wind and support a domestic supply chain for the industry.
Posted inBusiness, Maine, News
State considers $5.5 million bailout for Maine dairy industry
Over the last 2 years, Maine has lost a quarter of its dairy farms to runaway electricity, fuel and fertilizer costs, and skyrocketing interest rates. Only 161 remain in operation.
Posted inBusiness, Nation & World, News
Stocks rally on Wall Street as bank fears ease further
Traders are largely betting the Fed will have to cut rates as soon as this summer, something that can act like steroids for markets.