JAY — Seven graduating high school seniors who are members of OTIS Federal Credit Union were recently awarded $1,000 OTIS FCU scholarships. The scholarship recipients submitted brief essays for consideration, along with completed scholarship applications, letters of recommendation from a teacher or guidance counselor, and copies of acceptance letters from a college, university or technical […]
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness
Samsung brings tech’s latest fashion trends to wearable technology with new products
The AI deployment on Samsung’s new premium watch and ring is narrowly focused on improving and maintaining personal health – the main reason most people buy wearable technology.
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Posted inBusiness, Nation / World
Handful of U.S. grocery stores to sell ammo in vending machines
Grocery stores in Alabama, Oklahoma and Texas allow patrons to pick up bullets along with a gallon of milk.
Posted inBusiness
The U.S. housing slump deepened this spring. Where does that leave home shoppers and sellers?
Economists are projecting mortgage rates will ease modestly by the end of this year. But a small decline in rates may not be enough to entice home shoppers and persuade homeowners it’s a good time to sell.
Posted inBusiness, Nation / World, News
Fed chair Jerome Powell not prepared ‘yet’ to say he’s confident about inflation
The Fed chair has avoided giving any strong signals on the timing of interest rate cuts, though he has emphasized policymakers face risks from both moving too quickly or too slowly to take action.
Posted inBusiness
Investors spot opportunities in distressed U.S. commercial property market
About 64% of the $400 billion the industry has set aside for property investment is targeted at North America, the highest share in 2 decades, according to data compiled by Preqin.
Posted inBusiness, Maine, News
Invasive fruit flies that wreak havoc on small, soft fruits found in Androscoggin County
A Livermore Falls farm had to cut strawberry season short mostly due to spoilage caused by the pests.
Posted inBusiness, Maine, News
Unitil to pay $71 million for Bangor-area natural gas company
The deal, which requires approval from state regulators, would give Maine’s biggest natural gas provider 8,500 more customers and 351 more miles of pipeline.
Posted inBusiness, Lewiston-Auburn
Photos: Mill and water main construction ongoing in Lewiston
Bates Mill and Oxford Street piping underway downtown.
Posted inBusiness, Lewiston-Auburn, News
NECEC converter station nears halfway to finish line in Lewiston
City Assessor William Healey said the city will receive an estimated $8.5 million in taxes annually when the project is complete. The city received $5 million in taxes in fiscal 2024.