COO Barbara Sergio steps in as interim president.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Community
Skowhegan Savings Season of Giving grants $20,000 to 20 local nonprofits
Skowhegan Savings celebrated the holiday season with its second annual Season of Giving’ by donating $20,000 to 20 local nonprofits. Started in 2021, the bank’s employees annually select 20 nonprofits in their communities, by branch and departments, to give $1,000 grants to as part of the program. Grant winners are announced on the bank’s social […]
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Posted inBusiness, Local & State, Morning Sentinel
Waterville man launches coffee company with aim to help African farmers who provide the beans
Churchill Elangwe-Preston, who is launching a micro-roasting company called Mbingo Mountain Coffee, said he wants “to create a light in somebody’s life.”
Posted inBusiness
Best of CES 2023: Canine communication and a calming pillow
The Las Vegas event formerly known as the Consumer Electronics show bounces back from a pandemic slowdown.
Posted inBusiness, Nation & World, News
U.S. hiring remains brisk as employers add 223,000 jobs
The number is further evidence that the economy remains healthy, yet also a sign that the Federal Reserve may still have to raise interest rates aggressively to slow growth and cool inflation.
Posted inBusiness
Best of CES 2023: Wireless TV, delivery robots and in-car VR
Tech companies of all sizes are showing off their latest products at CES, formerly known as the Consumer Electronics show.
Posted inBusiness
Bed Bath & Beyond warns about bankruptcy as sales slump
The company says it’s looking at options including selling assets or restructuring in bankruptcy court – but is dubious of success.
Posted inBusiness
As Southwest Airlines recovers from one meltdown, how does it prevent another?
Southwest may have to change some longstanding company practices to get to the core of the problems, an aviation expert said.
Posted inBusiness
FTC proposes rule that would ban noncompete clauses
The rule would prevent employers from contractually prohibiting their employees from joining a competitor after they leave the company.
Posted inBusiness, Local & State
Regulators announce plan to rebuild long lost cod stock by 2033
Environmentalists have pushed for regulators to take a new approach to save the cod stock because of the historic nature of the cod-fishing industry and the fish’s importance to ocean ecosystems.