The effects could ripple out well beyond those who lost jobs at the sprawling plant in Jarratt, a once-bustling railroad town about 60 miles south of Richmond.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, Nation / World, News
The Fed is finally lowering interest rates. Here’s what you should know.
The central bank is acting because, after 11 rate hikes since March 2022, it feels confident that inflation is finally mild enough that it can begin to ease the cost of borrowing.
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Posted inBusiness, Nation / World, News
Federal Reserve cuts key interest rate by sizable half-point, signaling end to inflation fight
The rate cut, the Fed’s first in more than four years, reflects its new focus on bolstering the job market, which has shown clear signs of slowing.
Posted inBusiness, Maine, News
Maine investigating moldy cannabis that led to state’s first recall
Cannabis Cured, the cultivator and retailer that sold the contaminated products, maintains that its samples passed an initial round of state-mandated testing.
Posted inBusiness, Community, Franklin, Livermore Falls Advertiser, News
Appeal seeks to revoke license of Poppy’s Redemption Center in Jay
Poppy’s Redemption Center is under threat of closing just two months after opening at 246 Main St., according to a post on its Facebook page Sept. 11.
Posted inBusiness, Franklin, Livermore Falls Advertiser
Pearls in the Pines in Livermore Falls to introduce new collection, hold open house Sept. 22
The new collection, inspired by Gayle Murphy-Long, includes 16 pieces made with natural stones and six with organic materials.
Posted inBusiness, Franklin, Livermore Falls Advertiser
Poppy’s Redemption Center in Jay under threat of closing after appeal was placed
After an appeal was filed, Poppy’s Redemption center is under threat of closure.
Posted inBusiness, Maine, News
Regulators allow $2.5 billion corporate takeover of CMP to proceed without review
The PUC agrees to waive state review of the deal in which Spanish energy giant Iberdrola will acquire the remaining shares in Central Maine Power’s parent company, Avangrid.
Posted inBusiness, Nation / World, News
U.S. retail sales ticked up last month in sign of ongoing consumer resilience
The Federal Reserve could provide an additional boost to consumers and the economy by lowering borrowing costs.
Posted inBusiness, Nation / World, News
Major companies abandon LGBTQ+ rights report card after facing anti-diversity backlash
Businesses like Ford, Harley-Davidson and Lowe’s are ending their participation in the Corporate Equality Index amid pressure from conservative activists.