The current pricing system for distilled spirits gives the director of the state liquor agency wide discretion to set prices, but a new law is intended to increase transparency and oversight.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, Maine, Politics
Kittery Trading Post threatens to move firearms sales to New Hampshire over new gun law
The outdoor sports retailer said the law will have ‘irreversible consequences’ for its business, which relies heavily on tourism.
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Posted inBusiness
U.S. employers scaled back hiring in April. How that could let Fed cut interest rates
The Fed has been delaying any consideration of interest rate cuts until it gains more confidence that inflation is steadily slowing.
Posted inBusiness, Nation / World, News
Yellen says threats to democracy risk U.S. economic growth, an indirect jab at Trump
Her remarks serve as a sort of warning for business leaders who may overlook Trump’s disregard for modern democratic norms because they prefer the former president’s vision of achieving growth by slashing taxes.
Posted inBusiness, Noteworthy
Lewiston office tech dealer achieves Xerox club membership
LEWISTON — Budget Document Technology has been selected by Xerox as a member of its CEO Club. The independently owned Lewiston-based office technology and equipment dealer has, since 1989, provided customized, customer-focused office solutions for businesses and organizations across the country, resulting in workplace efficiency, reduced costs and reliable service. The Xerox CEO Club is […]
Posted inBusiness, Nation / World, News
AI-controlled fighter jet took Air Force leader for a historic ride. What that means for war
Future war scenarios envision swarms of American unmanned aircraft providing an advance attack on enemy defenses to give the U.S. the ability to penetrate airspace without high risk to pilot lives.
Posted inBusiness, Nation / World, News
Google, Justice Department argue whether search engine is a monopoly
The biggest antitrust trial in more than two decades has revolved around how much Google derives its strength from contracts with companies like Apple to make Google the default search engine preloaded on cellphones and computers.
Posted inBusiness, Nation / World, News
Fed indicated rates will remain higher for longer. What does that mean for you?
The Federal Reserve’s decision Wednesday to keep its benchmark rate at a two-decade high should have ripple effects across the economy.
Posted inBusiness, Maine, Schools & Education
Graduate workers’ union bemoans pace of negotiations with UMaine System
Six months into bargaining, administrators and the union have reached tentative agreements on just two of 22 contract issues.
Posted inBusiness
Blanchette moving company packing up and moving on after 77 years in Lewiston
Blanchette Moving & Storage Co. owners make their final deliveries after decades of packing, lifting, driving and delivering around the country.