Business and Economy

Business news

Willis Ryder Arnold / Maine Public

BATH, Maine - The union representing striking shipbuilders at Bath Iron Works is meeting with a federal mediator as the strike enters a third week.

The negotiating committee of Machinists Local S6 was to meet with a federal mediator Monday, and a meeting between the mediator and the company is expected later in the week.

Shipbuilders went on strike June 22 after 87% of those who voted rejected the company's final, three-year contract offer.

Trump Memo On Lobster Aid Leaves Industry Wondering What's Next

Jul 5, 2020
Virginia Mayo / AP

President Donald Trump’s June 24 surprise statement that he will extend aid to the lobster industry roared through the beleaguered fishery, but the administration has been silent about any firm actions it might take.

Robert F. Bukaty / AP File

The novel coronavirus has changed the way we think about a lot of issues; the economy is one example. Michael Hillard, a professor of economics at the University of Southern Maine, says wealth inequality has been laid bare by the pandemic and so has the fact that the government is ill-equipped to handle an economic challenge of this size.

Willis Ryder Arnold / Maine Public File

Bath Iron Works says it plans to bring in more subcontractors to avoid falling further behind on production during a strike.

Robert F. Bukaty / Associated Press/file

Maine Turnpike traffic is on the rebound after falling by half this year during the earlier days of the pandemic. Turnpike Authority Executive Director Peter Mills says the upward trend started two weekends ago, under sunny skies.

The job markets in Maine’s three major urban areas began to recover in May. The Federal Bureau of Labor Statistics released the data Wednesday.

BIW Strike Enters Week 2 As Contract Negotiations Stall

Jun 29, 2020
Robert F. Bukaty / Associated Press

As the strike at Bath Iron Works enters its second week, negotiations have yet to resume between the company and its largest union.

Elon Musk's Latest Venture Could Be New Option For Faster Internet In Rural Maine

Jun 28, 2020
Susan Walsh / AP File

Rural Mainers struggling to find efficient broadband internet connection may soon have a new option, if Elon Musk gets his way.

The University of Maine System Board of Trustees has conditionally approved a $559 million spending plan for Fiscal Year 2021.

While most of the news about the number of jobs lost in Maine has been troubling, May figures from the Department of Labor (DOL) showed a small glimmer of good news.

More than 50 state lawmakers are calling on regulators to reject a proposal by Central Maine Power (CMP) that could allow it to charge ratepayers for unexpected costs caused by the pandemic while leaving the company's shareholders off the hook.

Robert F. Bukaty / AP File

Maine Hospitals and physicians are the latest to warn that they will need financial help because of losses tied to the coronavirus pandemic. Hospitals are asking the state for $100 million in assistance, while independent physicians are seeking $20 million.

Let's Be Kind Campaign

A group of Maine retailers is starting a new campaign asking shoppers to take it easy on retailers and behave responsibly during the pandemic.

Willis Ryder Arnold / Maine Public

BATH, Maine - The union representing striking workers at Bath Iron Works has requested the assistance of a federal mediator.

Robert F. Bukaty / AP File

Maine's lobstermen, dealers and regulators are warily eyeing the possibility of a market crash when the big seasonal harvest of recently-molted lobsters — called “shedders” — come in. With restaurants and other end-buyers still struggling, there is talk within the industry of reducing the size or timing of the catch to avoid a glut, but no one appears to be enthusiastic about the options.