WATERVILLE — Nikia Levesque, vice president of marketing at Day’s Jewelers, was chosen to join the board of trustees for the Women’s Jewelry Association Foundation. Levesque was selected in January, with the WJA Foundation’s first board meeting of the year Feb. 9. Founded in 1983 to rectify a severe lack of networking opportunities for women […]
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Community
Rizzo Mattson, REALTORS welcomes new agent
Matthew Burnham, a lifelong resident of the Boothbay region who was as a lobsterman for 17 years while also building and remodeling homes, has joined Augusta-based Rizzo Mattson, REALTORS as a sales agent. “As Rizzo Mattson, REALTORS celebrates 40 years of real estate service throughout Maine, we are delighted to bring onboard someone of Matthew’s […]
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Posted inBusiness, Nation & World, News
U.S. Navy applies lessons from costly shipbuilding mistakes
At Bath Iron Works, where the first Arleigh Burke was built, shipbuilders are happy to continue working on existing vessels while new designs are tested out.
Posted inBusiness, Nation & World, News
U.S. announces sweeping new sanctions against Russia 1 year into war
The sanctions come after the White House announced early Friday morning that the Pentagon would commit $2 billion for more rounds of ammunition and a variety of small, high-tech drones into the fight against Russia.
Posted inBusiness
U.S. applications for jobless benefits fell again last week
The labor market remains resilient in the face of the Federal Reserve’s interest rate increases meant to cool the economy.
Posted inBusiness
Insurer Humana lays out employer-sponsored coverage exit
The health insurer Humana will stop providing employer-sponsored commercial coverage as it focuses on bigger parts of its business, like Medicare Advantage.
Posted inBusiness, Uncategorized
Commerce Secretary Gina Raimondo seeks to rally U.S. behind $52 billion chip program
President Biden signed the CHIPS and Science Act into law last August on the promise that it would spur factory groundbreakings.
Posted inBusiness
U.S. revises down last quarter’s economic growth to 2.7% rate
It’s a solid showing despite rising interest rates and elevated inflation, the government said in a downgrade from its initial estimate.
Posted inBusiness, Kennebec Journal, Local & State
Near-record sale in Augusta puts large office building in new hands
The Central Maine Commerce Center changed hands earlier this month for $18.5 million, the largest commercial real estate transaction in the Augusta area since 2019.
Posted inBusiness, Uncategorized
FTX founder faces new charges in rewritten indictment
The new fraud charges raise the prison sentence Sam Bankman-Fried could face if convicted from 115 years to 155 years.