Many of the shipyard’s workers were personally affected by the mass shootings that claimed 18 lives in Lewiston last week.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, Nation / World
Regulators blame Jeff Bezos for making Amazon worse in new lawsuit details
At the core of the case against Amazon is the argument that by using algorithms to automate price matching to competitors, Amazon gained market dominance unfairly.
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Posted inBusiness, Nation / World, News
UAW members at first Ford plant to strike overwhelmingly approve new contract
Members of Local 900 at the Michigan Assembly Plant in Wayne, Michigan, voted 81% in favor of the deal, according to Facebook postings by local members.
Posted inBusiness, Nation / World
The average long-term U.S. mortgage rate slips to 7.76% in first drop after climbing 7 weeks in a row
The average rate on a 30-year home loan climbed above 6% in September 2022 and has remained above that threshold since.
Posted inArts & Entertainment, Business
Disney to acquire remainder of Hulu from Comcast for roughly $8.6 billion
Disney has actually run Hulu since 2019 when Comcast ceded its authority to Disney and effectively became a silent partner.
Posted inBusiness, Nation / World, News
Legal scrutiny signals shift in how U.S. homes are bought and sold
A larger class-action lawsuit focused on the same central issue is expected to go to trial in Illinois next year.
Posted inBusiness, Noteworthy
Auburn Manufacturing named exporter of year
MECHANIC FALLS — Auburn Manufacturing Inc. — which manufactures advanced textiles for extreme-heat environments — has been named one of the Export-Import Bank of the United States’ “Exporters of the Year.” AMI was given the award at EXIM’s 2023 Annual Conference in Washington, D.C. in October. The EXIM conference focused on its “Make More in America […]
Posted inBusiness, Noteworthy
Bridgton Hospital, Rumford Hospital name new president
Stephany Jacques, a River Valley native, has been named president of Bridgton Hospital and Rumford Hospital. Jacques was promoted last May to interim president of the two Central Maine Healthcare critical access hospitals. Prior to her interim president position, she served in nursing and leadership roles for 15 years at Central Maine Healthcare. She joined […]
Posted inBusiness, Nation / World, News
A world desperate for sugar sees it pile up in Brazilian ports
Approximately 70 vessels are waiting some 20 days to load over 3 million tons of sugar in the country, shipping agency SA Commodities said.
Posted inBusiness, Nation / World, News
World’s top renewable firms reel even as installations surge
Companies in the sector are being squeezed by volatile costs, snarled projects, high interest rates, and – in the solar sector – a rush to add new capacity that’s overwhelmed demand.