The lowest legal wage for most workers will go up 60 cents an hour, reflecting rising inflation and a competitive labor market.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
EPA rule sharply limits hydrofluorocarbons, gases used as refrigerants
The new rule is intended to decrease U.S. production and use of HFCs by 85 percent over the next 15 years, part of a global phaseout designed to slow global warming.
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Posted inBusiness
One to charge them all: EU demands single charging method for phones
The European Commission proposed legislation that would mandate USB-C cables for charging, technology that many device makers have already adopted.
Posted inBusiness, Maine, News
Bar Harbor Town Council considers steep cuts in number of cruise ship passengers
Members of the town’s Cruise Ship Committee say the potential limits on visitors are too restrictive.
Posted inBusiness, Nation & World
After Northeast flooding, insurance problems swamp residents
Flood damage is not covered by homeowners or renters insurance policies, and most of those affected lived in areas outside of coastal floodplains, making flood insurance an afterthought.
Posted inBusiness, Maine, Nation & World
Maine jobless claims hold steady as U.S. claims tick up from near a pandemic low
In Maine, initial claims remained at 700 from the prior week, while new U.S. claims rose by 16,000 to 351,000.
Posted inBusiness, Nation & World
A vaccine mandate for domestic flights isn’t ‘off the table’
Such a requirement has led aviation-related stakeholders to complain that the logistical hurdles would be challenging at best and a nightmare at worst.
Posted inBusiness
Stocks hold their gains after Federal Reserve statement
Wall Street has been trying to gauge how the slowdown in the economic recovery will affect the central bank’s decision-making process.
Posted inBusiness, Nation & World
United Airlines says 97% of U.S. employees have been vaccinated
The airline said it will start termination proceedings as soon as next Tuesday against those who are unvaccinated and have not received exemptions.
Posted inBusiness, Nation & World
Apple, Google raise new concerns by yanking Russian app
The app, called Smart Voting, was a tool for organizing opposition to Russia President Vladimir Putin ahead of elections held last weekend.