As inflation increases, there are early signs that the burst of generosity donors showed in the first year of the pandemic may be slowing.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Local & State
Bath Iron Works president resigns abruptly without explanation
Dirk Lesko issued a notice of immediate resignation to employees of the Bath-based company Thursday, but BIW would not explain the circumstances.
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Posted inBusiness, Local & State
Consumer advocates push for strict standards in proposed Maine utility rating system
The Maine Public Utilities Commission is weighing a system of regular report cards and possible penalties for power utilities in the state.
Posted inBusiness, Uncategorized
Walgreens amends bottle deposit fee issues
Sun Media Group reporters returned to Walgreens Tuesday, April 5, and were all charged the correct five-cent fee on applicable bottles.
Posted inBusiness, Nation & World
Biden bets strong job market will shield economy from slump
But there are growing fears of a coming economic slump among voters and some Wall Street analysts.
Posted inBusiness, News
U.S. jobless claims stay at historically low levels last week
The number of Americans quitting their jobs was also historically high, at 4.4 million, up from 4.3 million in January.
Posted inBusiness, Nation & World
U.S. Navy intends to decommission some of its newest warships
It wants to decommission nine ships in the Freedom-class of littoral combat ships – warships that cost about $4.5 billion to build.
Posted inBusiness, Nation & World
Yellen calls for crypto regulation to reduce risks, fraud
Surveys show that roughly 16% of adult Americans — or 40 million people — have invested in cryptocurrencies.
Posted inBusiness, Nation & World
Chanel restricts sales to Russians abroad amid Ukraine war
Fashion insiders say the brand’s decision would not have been easy because they are set to take a financial hit.
Posted inBusiness, Nation & World
Stocks fall, yields rise as Fed details inflation efforts
Investors are keenly focused on Fed policy as the central bank moves to reverse low interest rates and the extraordinary support it began providing for the economy two years ago when the pandemic knocked it into a recession.