The rally was organized by the Maine People’s Alliance and was one of 15 events happening around the country as part of a national campaign to demand reform of large private insurers.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, Maine
New owners, new plans for Portland’s landmark Time and Temperature Building
New owners have the building under contract and are proposing creating a hotel, restaurant, observation deck and residential housing.
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Posted inBusiness, Nation / World
Social Security cost-of-living adjustment coming – but it won’t be as big as this year’s
Social Security’s cost-of-living increase for 2024 will be announced Thursday.
Posted inBusiness, Nation / World
In Bankman-Fried trial, Caroline Ellison offers explosive testimony
Ellison revealed in the months before FTX’s bankruptcy, Bankman-Fried traveled to the Middle East to meet with Mohammed, the Saudi crown prince, to raise money to cover Alameda’s loans and investments.
Posted inBusiness, Nation / World
Used car and airline prices signal inflation is here to stay
A surge in used car prices during the pandemic helped kick off the inflationary cycle.
Posted inBusiness, Maine
MEMIC returns $18 million to policyholders
The workers comp company is returning dividends to 14,000 policyholders, reflecting savings from lower-than-expected losses from workplace injuries.
Posted inBusiness, Noteworthy
Retail store with artisans’ products launches in Lisbon Falls
LISBON FALLS — Lisbon Art Works, a community-based retail store selling creative products from Lisbon-based artisans, is launching at 14 Main St. A ribbon-cutting is set for 3 p.m. Friday, as well as a grand opening during the Fall in the Falls art walk from noon to 8 p.m. Saturday. Lisbon was selected in 2020 […]
Posted inBusiness, Maine
Maine watchdog seeks to have Electricity Maine’s license revoked, says it overcharges
Some of the electricity supplier’s customers pay 40 cents per kilowatt hour, compared with the state’s standard offer of 17.6 cents, according to the state’s consumer advocate.
Posted inBusiness, Nation / World, News
Second biggest lottery prize ever is up for grabs in tonight’s Powerball drawing
The previous winning Powerball ticket was sold on July 19, and it was worth $1.08 billion after 39 drawings without a jackpot win.
Posted inBusiness, Nation / World
Wall Street rises as pressure from the bond market eases
Increasing Treasury yields have been the main reason for the stock market’s stumbles since the summer, as worries rise that the Fed will keep its federal funds rate at a high level for longer than Wall Street hopes.