Members of Local 900 at the Michigan Assembly Plant in Wayne, Michigan, voted 81% in favor of the deal, according to Facebook postings by local members.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
The average long-term U.S. mortgage rate slips to 7.76% in first drop after climbing 7 weeks in a row
The average rate on a 30-year home loan climbed above 6% in September 2022 and has remained above that threshold since.
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Posted inArts & Entertainment, Business
Disney to acquire remainder of Hulu from Comcast for roughly $8.6 billion
Disney has actually run Hulu since 2019 when Comcast ceded its authority to Disney and effectively became a silent partner.
Posted inBusiness, Nation & World, News
Legal scrutiny signals shift in how U.S. homes are bought and sold
A larger class-action lawsuit focused on the same central issue is expected to go to trial in Illinois next year.
Posted inBusiness, Nation & World, News
A world desperate for sugar sees it pile up in Brazilian ports
Approximately 70 vessels are waiting some 20 days to load over 3 million tons of sugar in the country, shipping agency SA Commodities said.
Posted inBusiness, Nation & World, News
World’s top renewable firms reel even as installations surge
Companies in the sector are being squeezed by volatile costs, snarled projects, high interest rates, and – in the solar sector – a rush to add new capacity that’s overwhelmed demand.
Posted inBusiness, Kennebec Journal, Local & State, News
Augusta Dollar General shuts down over safety concerns
Items stacked in the aisles and electrical wires being exposed and in reach of customers drove the temporary shut-down of the Eastern Avenue dollar store, officials said.
Posted inBusiness, Nation & World, News
Apple has plans to eventually, maybe revolutionize health care
Four years after the quiet arrival of Avolonte, Tim Cook stood in the same packed auditorium where his predecessor, Steve Jobs, unveiled the original Macintosh and introduced the Apple Watch.
Posted inBusiness, Nation & World, News
Federal Reserve leaves its key rate unchanged but keeps open possibility of a future hike
Consumer inflation has dropped from a year-over-year peak of 9.1% in June 2022 to 3.7% last month. But recent data suggests that inflation remains persistently above the Fed’s 2% target.
Posted inBusiness, Local & State
Good news: Maine heating prices stable heading into the winter
Oil and propane currently cost less than the record highs in 2022, but world conflicts could affect prices after the first of the year, experts say.