After 40 years, Scott and Mike Gilbert have decided to bow out as owners of the The Square. The hand-picked new owner, Chris Dresser, started his career in the kitchen as dishwasher — just like the brothers.
Business
Local, state and national business news from the Sun Journal.
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Posted inBusiness, Nation / World, News
Big Tech says AI is booming. Wall Street is starting to see a bubble.
Venture capitalists have poured billions of dollars into AI start-ups. The boom has helped contribute to the $55.6 billion that venture investors put into U.S. start-ups in the second quarter of 2024.
Posted inBusiness, Nation / World, News
Germany’s hydrogen import strategy being criticized by industry groups
Germany has one of the most wide-spanning plans in its mission to replace coal – first with natural gas to cut emissions quickly and then with hydrogen.
Posted inBusiness, Election 2024, Nation / World, News, Politics
Kamala Harris vows to revive Biden’s defeated ‘care economy’ plans
In remarks to campaign staff in Delaware on Monday and a campaign speech in Wisconsin on Tuesday, the vice president focused on key parts of President Biden’s domestic agenda that failed to pass because of resistance from Republicans and centrist Democrats.
Posted inBusiness, Maine, News
CrowdStrike blames bug for last week’s global tech outage
CrowdStrike has blamed a bug in an update that allowed its cybersecurity systems to push bad data out to millions of customer computers.
Posted inBusiness, News
Price of typical Maine home climbs above $400,000 for first time
‘It was only a matter of time before (Maine) crossed the threshold,’ said Paul McKee, president of the Maine Association of Realtors.
Posted inBusiness, Maine, News
CDC rolls back some travel requirements for dogs following backlash
U.S. Rep. Jared Golden has proposed blocking the public health agency from enforcing the rules for at least one year.
Posted inBusiness, Maine, News
Maine spends $6.6 million to strengthen independent electric grids
A distribution system, underwater cable, poles, power lines and other equipment will be replaced and upgraded to prepare for storms.
Posted inBusiness, Maine, News
Maine organic farming group sues EPA over forever chemicals
The Maine Organic Farmers and Gardeners Association created a PFAS Emergency Relief Fund in 2022 that has handed out more than $1.5 million in assistance to more than 50 Maine farmers impacted by forever chemical contamination.