The most pressure is on the regional banks a couple steps below in size of the massive, ‘too-big-to-fail’ banks that helped take down the economy in 2007 and 2008.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, Nation / World, News
Biden approves major oil drilling project in Alaska over protests
The administration, in a move in the other direction toward conservation, earlier said it would bar or limit drilling in some other areas of Alaska and the Arctic Ocean.
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Posted inBusiness, Food, Maine, News, Uncategorized
As a Maine distillery grows, so does worry over ‘whiskey fungus’
The black blight is spreading near large distilleries and threatening home values in places such as Kentucky. Now some neighbors of Wiggly Bridge Distillery say the fungus has come to York.
Posted inBusiness, Nation / World
U.S. government moves to stop potential banking crisis
The Treasury Department, Federal Reserve and FDIC said Sunday that all Silicon Valley Bank clients would be protected and able to access their money.
Posted inBusiness, Lewiston-Auburn
Closing Cowbell Grill & Tap: What the owners want Lewiston to know
When the Biddeford-based burgers and brew chain opened on Lisbon Street in 2019, wait times pushed two hours.
Posted inBusiness, Noteworthy
A1 Superior Cleaning marks five years in business
AUBURN — A1 Superior Cleaning is celebrating its five-year anniversary. What started out as a one-person, mobile detailing business in the Lewiston Auburn area has grown into a small company of 13 employees and contractors, offering seven services across the state. The company specializes in stripping and waxing floors, tile and grout, carpet, furniture, residential […]
Posted inBusiness, Maine, News
Judge orders rewording for referendum question on electric utility
The Maine secretary of state is ordered to draft a new referendum question that doesn’t use the word ‘quasi-governmental’ to describe a proposed consumer-owned electricity company.
Posted inBusiness, Lewiston-Auburn, News, Schools & Education
SHARECenter reopens in new building, plans retail store
Members are able to shop for supplies on Tuesday and Wednesday afternoons and Saturday mornings.
Posted inBusiness, Health, Lewiston-Auburn
COVID-19 has ‘reshaped’ the health care industry, Central Maine Healthcare CEO says
From workforce shortages to the impending end of the federal public health emergency, health care systems continue to face significant operating challenges.
Posted inBusiness, Maine, News
Maine craft brewers ‘own the backyard’ – but beer-making business is on a new playing field
Maintaining market dominance will require adapting to new consumer tastes, a beverage industry expert told brewers at a conference in Portland.