Unlike other projects in the region, the Gulf of Maine wind turbines would showcase floating platform technology because the water is too deep for turbines to be anchored to the ocean floor.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, Lewiston-Auburn, Maine, Nation / World
Auburn Manufacturing Inc. has endured and persevered
The specialty textile manufacturer battled through COVID-19 and took on the Chinese for targeting her business.
advertisement
Posted inBusiness, Nation / World
U.S. economy accelerated unexpectedly to 2.4% growth rate despite Fed hikes
Driving the gain was a burst of business investment.
Posted inBusiness, News
Wex will invest $100 million in the future of electric vehicles
The strategy might seem like a shift for the Maine-based payment processing company, but it’s long been involved in the EV industry.
Posted inBusiness, Franklin, News, The Franklin Journal
Updates given on Farmington revaluation project, tax acquired properties
A revaluation will begin this fall, action regarding tax acquired properties is on hold until state form that must be used is available.
Posted inBusiness, Nation / World, News
Gasoline is surging all over the world in fresh inflation blow
Gasoline prices are often a topic of contention as those costs can be an essential daily expense for many, alongside food and rent.
Posted inBusiness, Nation / World, News
Residents are at a loss after newspaper that bound community shuts in declining coal county
Months after the last newspaper closed in a declining coal community in West Virginia, residents say they are already experiencing challenges getting and sharing information.
Posted inBusiness, Nation / World, News
Federal Reserve raises its key rate for 11th time by a quarter-point in its drive to slow inflation
Coming on top of its previous rate hikes, the Fed’s latest move could lead to further increases in the costs of mortgages, auto loans, credit cards and business borrowing.
Posted inAndroscoggin County, Business, Lewiston-Auburn, Maine, Nation / World, News, Politics
Biden will be first sitting president to visit Auburn since 1912
When Biden speaks at Auburn Manufacturing on Friday, he will be only the fifth president to visit the Twin Cities while in office.
Posted inBusiness, Nation / World, News
Auto loan rejections are up as Federal Reserve keeps raising rates
Mortgage rates, which have surged since the Fed began lifting rates in March 2022, could rise further. So could rates on credit cards and some business loans.