Among universities’ budget challenges: Federal COVID relief money is now gone, operational costs are rising and fewer high school graduates are going straight to college.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, Maine
Sebago Lake properties at center of shoreland zoning ordinance violations begin restoration process
Restoration plan for Buteau properties on Sebago Lake approved by Maine DEP and town of Raymond.
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Posted inBusiness, Nation / World, News
Brazilian authorities begin investigation into fiery plane crash that killed 62
Images recorded by witnesses showed the aircraft in a flat spin and plunging vertically before smashing to the ground inside a gated community.
Posted inBusiness, Noteworthy
Lewiston native named CEO of HOA management company
Ben Lampron, a Lewiston native and St. Dominic Regional High School graduate, has been named CEO of Gassen Company, a homeowner association management business based in Minnesota. Prior to joining Gassen in 2022 as chief operating officer, Lampron was president of Metro Mold & Design, a plastics injection molding company in Minnesota for four years. […]
Posted inBusiness
Union Pacific hasn’t yet lived up to deal to give all its engineers predictable schedules
The union that represents train engineers says Union Pacific is holding back on its promises.
Posted inBusiness
California partners with Nvidia to bring artificial intelligence resources to colleges
The partnership aims to add new curriculum and certifications, hardware and software, and AI labs and workshops.
Posted inBusiness
Strategists warn of Trump challenging Fed’s independence
Donald Trump’s challenges of Fed independence, both during his presidential term and more recently on the 2024 campaign trail, have broken from a long-standing norm that presidents refrain from influencing Fed policymakers’ decisions.
Posted inBusiness
China challenges EV tariffs imposed by Europe, files complaint
The EU last month imposed provisional tariffs on some car imports from China that would raise rates to as high as 48% after a months-long probe into Chinese state aid to EV makers.
Posted inBusiness
Wall Street ends wild week nearly where it began – and more tests loom next week
Stocks close higher Friday, clawing back much of the week’s losses as markets embrace a mood of calm.
Posted inBusiness, News, Sports
Fenway Sports Group ‘seriously considering’ making bid for Celtics
According to reports, the John Henry-led group that owns the Red Sox could put in a bid for the Celtics, which could sell for “a record $6 billion price.”