MaineHealth and Hannaford say they use timekeeping services provided by Kronos but not its payroll software.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
Judge rejects Purdue Pharma’s sweeping opioid settlement
Opponents of the deal say it does not properly hold members of the Sackler family accountable.
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Posted inBusiness, Nation & World
U.K. raises interest rates as central banks focus on inflation
The increase in its main rate to 0.25 percent from the record low of 0.1 percent is a surprise, given omicron’s rapid spread.
Posted inBusiness, Kennebec Journal, Maine
Maine sees economic growth in second year of pandemic but ‘a lot of money on the sidelines’
Early in the pandemic economic forecasts drew a dismal picture of Maine’s economy, but while some businesses and industries are still struggling, the state has seen economic growth in the last year.
Posted inBusiness, Maine, News
Judge allows voter-approved ban on power line to take effect
He finds that Avangrid did not make its case that the measure passed by voters in November should not become law on Sunday.
Posted inBusiness, Maine
Pittsfield grocery store, a landmark in town for decades, sold to Hermon grocer
Bud’s Shop ‘n Save at 101 Somerset Plaza is set to begin operations in January under new ownership — the Danforth family, owner of Danforth’s Down Home Supermarket.
Posted inBusiness, Nation & World
U.S. home construction rebounded 11.8% in November
The Northeast had the biggest jump, rising 27.5 percent.
Posted inBusiness, Nation & World, News
Postal rate hike doesn’t stop catalog retailers from stuffing mailboxes
The 12 percent boost continues a positive trend for catalogers that are defying those who predicted their demise in a digital world.
Posted inBusiness, Nation & World
U.S. jobless claims rise to a still-low 206,000
Weekly claims, which are a proxy for layoffs, have fallen steadily most of the year since topping 900,000 one week in early January.
Posted inBusiness
Why the Fed feels now is the time to tighten credit more quickly
Federal Reserve Chair Jerome Powell says high inflation, rising wages, solid hiring and falling unemployment have led the Fed’s policymakers to move now to speed up the tightening of credit.