The standard-offer rate, the price customers pay for the supply of power, is rising 41% next year in northern and eastern Maine. A similar increase may be in store for Central Maine Power customers.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, Food, Maine, News
Starbucks in Portland’s Old Port to close, a month after vote to form union
Starbucks says the owner of the building where it leases space at 176 Middle St. said it had to vacate the premises while the building undergoes renovations.
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Posted inAndroscoggin County, Business
Photos: Village Trading Post rebuilding a comeback
Reconstruction of the popular village store and post office is well under way after last year’s devastating fire.
Posted inBusiness, Nation / World, News
Walmart offers to pay $3.1 billion to settle opioid lawsuits
Though it hasn’t admitted liability, the company released a statement saying the money will ‘provide significant aid to communities across the country.’
Posted inBusiness, Nation / World, News
Biden, Zelensky push G-20 to hold tough on Russia, condemn Ukraine war
A draft declaration by leaders of the Group of 20 major economies under discussion Tuesday echoes the condemnation of Russia’s war on Ukraine by the United Nations, while acknowledging differing views among members.
Posted inBusiness, Lewiston-Auburn, News
Lewiston’s planned 244-unit housing development still awaits groundbreaking
The Residence at Great Falls, on Avon Street, was originally slated for completion in the spring of 2022. Heading into 2023, there’s no sign that a groundbreaking is eminent.
Posted inBusiness, Maine, News
More freight ships to call on Maine’s only container port
Icelandic shipping company Eimskip is adding a second weekly stop in Portland, as container vessel traffic to and from Maine continues to increase.
Posted inBusiness, Nation / World, News
40 states settle Google location-tracking charges for $392 million
The settlement is a historic win for consumers, and the largest multistate settlement in U.S. history dealing with privacy.
Posted inBusiness, Nation / World, News
Amazon plans to cut thousands of jobs, report says
Seattle-based Amazon will be letting go workers in its corporate and technology groups, according to the New York Times.
Posted inBusiness, Food, Maine, News
Portland suggests keeping food trucks at Eastern Prom lot – but fewer of them
City staff are suggesting that the Cutter Street parking lot continue as a site for food trucks, but that the number of spaces be cut by half.