A greater share of young men today have a post-secondary degree, signaling that as they age, they’ll enter the work force.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, Nation / World
The Amazon antitrust lawsuit is likely to be a long and arduous journey for the FTC
Experts say the Federal Trade Commission faces a few hurdles in its own case, including convincing the court which slice of the market Amazon is allegedly monopolizing.
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Posted inBusiness, Nation / World
The future of electric vehicles looms over negotiations in the U.S. autoworkers strike
With the UAW strike now in its fourth week, EVs and their potential impact on job security have become central to union negotiations with the automakers.
Posted inBusiness, Maine, News
Who could be a third-party operator? Here’s the test
As part of the legislation connected with Question 3, the Public Utilities Commission would determine that a transmission and distribution utility that serves more than 50,000 customers is considered “unfit” to operate if four or more of the conditions listed below are met. Using this criteria, neither Central Maine Power not Versant could be considered […]
Posted inBusiness, Maine
If there’s a new Maine utility, who will manage it?
Politics, qualifying credentials and managerial expertise collide in the debate over who would operate a publicly owned utility.
Posted inBusiness, Noteworthy
Carrabassett Valley Academy names new head of school
CARRABASSETT VALLEY — The Board of Trustees at Carrabassett Valley Academy has appointed Alex Godomsky, Class of 1991, its next head of school. Godomsky, who will begin his tenure July 1, 2024, succeeds Head of School Kate Webber Punderson, Class of 1989, following her 13 years as head and a total of 23 years in […]
Posted inBusiness, Noteworthy
Farmington area chamber hires new executive director
FARMINGTON — The Franklin County Chamber of Commerce has named JP Fortier its new executive director. Fortier brings a wealth of experience in business leadership and community development, making him the ideal candidate to lead the chamber into an exciting new chapter of growth and prosperity, according to a news release from the chamber. His […]
Posted inBusiness, Nation / World, News
Two Federal Reserve officials say spike in bond yields may allow central bank to leave rates alone
Since March of last year, the Fed has raised its benchmark short-term interest rate 11 times, from near zero to roughly 5.4%
Posted inBusiness, Nation / World, News
Air travel is back to pre-pandemic levels, but new turbulence lies ahead
It took four long years for global airline capacity to return to pre-COVID levels – but for passengers and airlines, the industry has changed forever.
Posted inBusiness, Food, Maine
Tao Yuan restaurant reopens in Brunswick
Chef-owner Cara Stadler – who also owns Bao Bao in Portland and ZaoZe Cafe in Brunswick – said Tao Yuan reopened ‘quietly’ because it still needs to hire more staff.