Prices for Russian oil have risen well above a price cap imposed by Western allies as part of sanctions over the invasion of Ukraine.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, Nation / World
From doom to boom: AI is slowly re-energizing San Francisco
Buzzy AI start-ups are landing big investments, drawing talent to San Francisco and occupying more real estate.
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Posted inBusiness, Nation / World
UAW’s confrontational leader makes gains in strike talks, but has he reached too far?
What began with 7,000 workers at one factory each of Ford, General Motors and Jeep maker Stellantis has grown to 40,800 at 7 plants and 38 parts warehouses.
Posted inBusiness, News, River Valley
Auburn-Lewiston YMCA acquires second downtown Rumford building
The YMCA now has two buildings in downtown Rumford to develop day care and other programming.
Posted inBusiness
Maine is named a forest bioproducts tech hub, opening door to investment
The highly competitive designation comes with a $500,000 planning grant and the opportunity to receive an additional $50 million-$75 million in federal funding for wood fiber bioproducts innovation.
Posted inBusiness, Nation / World, News
Autoworkers strike at Stellantis pickup truck plant, shutting down big profit center
About 41,000 workers are now on strike against all three automakers.
Posted inBusiness, Maine, News
Right whale population levels off after steep decline, but threats remain
A new estimate of the number of surviving North Atlantic right whales indicates that the population has hovered around 350 animals for 3 years.
Posted inBusiness, Health, Maine
Shortage of pharmacists leaving Maine customers in peril
Walkouts at some pharmacies in other states are fueling concerns in Maine, where store closures are already a problem.
Posted inBusiness, Election 2023, Politics
Public power question sharpens voters’ concerns about what’s at stake
A proposal to take over the state’s two investor-owned utilities raises worries about reliability, politics, workers’ rights, lawsuits and costs. Some are still in the dark.
Posted inBusiness, Food, Maine, News
Bagel craze spreads through central Maine
Augusta-area residents’ appetite for the beloved ring-shape bread is growing. Two bagel shops have opened in the city in the last year, and another is set to open in Winthrop at the end of October.