AUGUSTA — Maine State Credit Union recently announced that it donated over $250,000 to local animal shelters, food banks and community-based organizations in 2023. The money was raised through a combination of employee and member-based programs, including its new Drive for Good program and its annual Ending Hunger in Maine campaign. “Maine State Credit Union […]
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness
Nick Lacasse assumes presidency of Hallowell Area Board of Trade
The Hallowell Area Board of Trade recently announced the appointment of Nick Lacasse as its new president. Lacasse, a seasoned leader with a passion for community development, is set to steer the organization toward a new era of growth and prosperity, according to a news release from the board. As a dedicated member of the […]
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Posted inBusiness
Thomas College welcomes King to board of trustees
Brian King is a senior executive with Bank of America and president of Bank America Maine and a 1993 graduate of Thomas College.
Posted inBusiness
Who wouldn’t like prices to start falling? Careful what you wish for, economists say
‘There are,’ the Bank of England warns, ‘more consequences from falling prices than meets the eye.’
Posted inBusiness, Local & State
Portland’s legendary Time & Temp sign has gone dark – for now
The building’s owner says a leak shut down the controls to one of Portland’s most well-loved landmarks.
Posted inBusiness, News
Rush of asset-seizure cases puts Putin’s tycoons on high alert
The latest example is the nationalization of Russia’s largest pasta producer.
Posted inBusiness, Nation & World, News
Migrant workers who helped build modern China have scant or no pensions, and can’t retire
China’s first generation of migrant workers played an integral role in the country’s transformation from an impoverished nation to an economic powerhouse.
Posted inBusiness, News
EPA sets strict emissions standards for heavy-duty trucks and buses in bid to fight climate change
The new rules for heavy trucks and buses come a week after the EPA announced new automobile emissions standards for passenger vehicles.
Posted inBusiness, Nation & World
Powell says Fed wants to see ‘more good inflation readings’ before it can cut rates
The resulting higher borrowing costs helped bring inflation down – from a peak of 9.1% in June 2022 to 3.2% last month.
Posted inBusiness, Nation & World
Not so sweet: Easter shrinkflation hits chocolate aisle as cocoa surges
Even though prices are higher, now may not be a bad time to start stockpiling some treats – especially in the week after Easter when leftover holiday goodies go on sale.