The department store that anchors The Maine Mall in South Portland will not be among the 150 locations the company plans to close over the next 3 years, officials said.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, Noteworthy
Norway Savings Bank celebrates employee achievements
PORTLAND — Norway Savings Bank on Feb. 13 honored many employees at the 2024 Employee Appreciation Banquet. Winners who live or work in Androscoggin, Franklin and Oxford counties are listed below. The President’s Award went to Jackie Curtis, vice president of human resources, who personifies the strong initiative, leadership and selflessness honored by the award. […]
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Posted inAdvertiser Democrat, Business, Oxford Hills
Oxford sets public hearing on senior housing in former woolen mill
The Caleb Group, a Massachusetts developer specializing in affordable housing, hopes to convert a Thompson lakefront eyesore into a 77-unit apartment complex for older people.
Posted inBusiness, Nation / World, News
Apple investors reject call for ethics transparency on company’s AI use
The AFL-CIO investment arm also is pressing other tech and media firms on the issue, including Walt Disney Co., Netflix Inc. and Warner Bros. Discovery Inc.
Posted inBusiness, Nation / World, News
Appellate judge refuses to halt Trump’s $454 million fraud penalty while he appeals
For every day he doesn’t pay, Trump said he’s facing $115,000 in accrued interest on the judgment, which is ‘beyond any permissible or constitutional scope of disgorgement.’
Posted inBusiness, Maine, Politics
Maine House approves food waste recycling mandate
The bill would require some large producers of food waste to find beneficial uses rather than put it into the waste stream.
Posted inBusiness, Noteworthy
Fontaine real estate team hires 2 to Auburn office
Fontaine Family — The Real Estate Leader has hired Joseph Vari and Linda Sherman to its Auburn office. Vari, originally from Youngstown, Ohio, now a resident of Lewiston, has spent over two decades in college coaching. He has served as the head women’s soccer coach at Bates College since 2019, where his commitment to developing […]
Posted inBusiness, Nation / World, News
U.S., Philippines pay highest economic price for climate-fueled weather
The 10 countries where floods and storms leave the biggest dent in GDP are identified in a new Swiss Re report.
Posted inBusiness, Nation / World, News
Boeing gets 90-day ultimatum from FAA to fix its safety culture
The deadline follows a blunt assessment this week of shortfalls in Boeing’s safety culture after a yearlong examination by a panel of experts.
Posted inBusiness, Nation / World, News
Bitcoin surges past $60,000 with enthusiasts eyeing record highs
Bitcoin has more than tripled in value since the start of last year, climbing back from a 64% plunge in 2022, in a remarkable comeback from a series of crypto-industry scandals and bankruptcies.