The Biden administration’s decision ends new leasing in the Powder River Basin in Wyoming and Montana following years of lawsuits.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, Nation / World
Supreme Court rejects broad challenge to consumer watchdog CFPB
The Biden administration had urged the justices to reject an appeals court decision that cast doubt on Congress’ authority to decide how to fund the agency.
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Posted inBusiness, Nation / World
On Wall Street, Dow makes history by topping 40,000 for first time
The stock market’s advance has been fueled by bets the Federal Reserve will be able to cut interest rates this year.
Posted inBusiness, Maine, News
New industry readies for launch as researchers hone offshore wind turbines that float
The University of Maine is home to the nation’s largest team of engineers dedicated to floating offshore wind.
Posted inBusiness, Nation / World
Justice Department formally moves to reclassify marijuana as a less dangerous drug in historic shift
‘This is monumental,’ President Biden said in a video statement, calling it an important move toward reversing longstanding inequities.
Posted inBusiness, Maine, News
Small businesses, municipalities urged to apply for portion of $35 million aid to rebuild after storms
The funding is part of a $60 million storm relief package secured by Gov. Janet Mills and lawmakers during the recent legislative session.
Posted inBusiness, Maine
Moody’s upgrades Maine’s credit rating to second-highest
The credit rating agency cites the state’s ‘sustained financial improvements including a large increase in reserves and solid pension contributions practices.’
Posted inBusiness, Maine
Experts urge developers to think small for solution to Maine’s housing crisis
The Maine Real Estate & Development Association’s annual spring gathering focused on creative ways to approach housing development by utilizing small lots, historic tax credits and the transformation of Portland’s zoning regulations.
Posted inBusiness, Maine, Schools & Education
USM eliminates 5 management positions to save money
The positions include the directors of advising, graduate studies, and student engagement and leadership, as well as the director and associate director of the Russell Scholars program.
Posted inBusiness, Maine, News
Maine wood products companies get $1.6 million in federal grants
Treeline Inc. in Chester, Godfrey Forest Products in Jay and Tanbark in Saco will receive funding for innovative projects.