As the Canadian contract talks were coming down to the wire, CSX broke with the U.S. freight rail industry’s longstanding practice of negotiating jointly for years with the unions.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News
Nvidia eyes return to record as AI spending bonanza continues
Concerns about the returns from AI investments recently contributed to a tech selloff, although that dip was readily bought amid signs that economic growth remains resilient and rising confidence that the spending on AI itself will stay strong.
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Posted inBusiness, Lewiston-Auburn
Schemengees Bar & Grille co-owner David Lebel dies at 57
The Lebels bought Schemengees more than a quarter century ago because, they once said, they both loved pool so much.
Posted inBusiness, Nation & World, News
New ‘great game’ unfolds in Pacific as U.S., China vie for maritime routes
The ‘Great Game’ reference harks back to 19th-century competition for influence in Central Asia between the British Empire and Russia’s tsarist rulers.
Posted inBusiness, Nation & World
A tale of 2 retailers: Target reverses sales slump while Macy’s reports another decline
Grocery aisle deals and an emphasis on affordable but stylish clothes has helped Target reverse a yearlong sales slump.
Posted inBusiness, New England, News
Weeks after floods, Vermont businesses struggling to get visitors to return
The loss is a domino effect in a state that relies on outdoor recreation as an economic driver.
Posted inBusiness, Election 2024, Nation & World, Politics
At Democratic convention, UAW head threatens strike against Stellantis over delayed plant reopening
The lag violates the contract that was ratified last year, and union head Shawn Fain says the manufacturer is dragging out the process so it never has to reopen.
Posted inBusiness, Nation & World, News
Disney drops bid to have allergy-death lawsuit tossed because plaintiff signed up for Disney+
The suit was brought by the husband of a New York doctor who suffered a fatal allergic reaction after eating at a restaurant in Disney Springs.
Posted inBusiness, Local & State
Solar and wind developers must pay extra to build on farmland. The question is, how much?
As demand grows for solar projects, the Legislature directed that rules be drawn up to govern compensation paid by solar developers to boost farmland conservation.
Posted inBusiness, Local & State, News
State, feds finalize agreement for nation’s 1st floating offshore wind power research lease
The pact moves Maine one step closer to creating the nation’s first floating wind facility, tentatively a 15-square-mile array that will include up to a dozen turbines nearly 30 miles southeast of Portland.