The Federal Reserve may not have to remain as aggressive about hiking interest rates as feared.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News
Russians buy last goods from H&M, Ikea as stores wind down
Both companies are laying off staffers as they scale down business.
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Posted inBusiness, Maine
Staffing shortages force service reductions at Casco Bay Lines, Maine State Ferry Service
Casco Bay Lines will scale back some trips starting this weekend, while the state ferry services has had to cancel dozens of trips this summer.
Posted inBusiness, Maine
Rockland area businessman buys properties to house workers
Richard Rockwell says the houses will be improved and used for employee housing, assisting chefs, accountants and workers in the trades.
Posted inBusiness, Food & Dining
The Wrap: Common Ground Country Fair returns to Unity next month
Plus, Nosh changes hands, Slab’s frozen pizzas hit Hannaford shelves, volunteers at St. Peter’s pump out 7,000 cookies for its annual Italian Bazaar this weekend, and more.
Posted inBusiness
Billions pour into bioplastics as markets begin ramping up
The nascent bioplastics industry envisions a far bigger role for materials made from corn, sugar, vegetable oils and other renewable materials.
Posted inBusiness
Wall Street slips as weak earnings hit tech, travel stocks
The selling likely reflects profit-taking by investors ahead of Wednesday’s consumer price index report.
Posted inBusiness, Kennebec Journal, Maine
Ex-Chipotle employee claims she is being blacklisted by company
A former employee of the now-closed Augusta restaurant who was working to start a union there says she was only able to get an interview at the Auburn store after using an email that Chipotle Mexican Grill did not recognize, and once she got an interview she was notified she would not be rehired.
Posted inBusiness, Nation & World, News, Politics
Biden, suddenly on a hot streak, signs semiconductor bill as businesses boost investment
Industry CEOs who attended the signing ceremony at the White House announced roughly $50 billion in new investments.
Posted inBusiness, Nation & World
California’s last nuclear plant may get new lease on life
The debate comes as the long-struggling industry sees climate change as a reason for optimism.