Should Russia’s creditors declare a default, the work-out would likely be lengthy and could involve the courts.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, Maine
As energy prices rise, thousands of Mainers at risk of losing power
More than 2,000 Maine households have been disconnected over the past month, and tens of thousands more are struggling with past-due balances.
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Posted inBusiness, Maine
Sales and prices of recreational vehicles nearing all-time highs.
“We’ve had customers from Puerto Rico, California, Missouri and Florida buy on the phone. Then they fly up here and drive away.” — Rick Emmert, sales manager at Call of the Wild RV Center in Oxford
Posted inBusiness, Noteworthy
Geiger promotes three employees
LEWISTON — Promotional products distributor Geiger has promoted Alicia Doyle, Nicole Ross and Tara Villanueva to new roles and responsibilities. Doyle has been promoted to senior talent acquisition specialist in the human resources department. “Alicia’s commitment to excellent candidate care and her strong connection to the Geiger culture makes her a tremendous asset to the […]
Posted inBusiness, Nation / World
Musk denies sexual misconduct allegation by flight attendant
A report by Business Insider said SpaceX paid the woman $250,000 in severance in 2018 in exchange for her agreeing not to file a lawsuit over her claim.
Posted inBusiness, Maine
Maine unemployment rate hits pandemic low of 3.3%
The state’s jobless rate in April was the lowest in two years, and the number of jobs was nearly back to the pre-pandemic level.
Posted inBusiness, Maine
Some Maine businesses are starting down a path to 100% renewable power
Twenty companies from Biddeford to Brooklin have joined a new statewide business project called On the Pathway to 100% Clean Energy.
Posted inBusiness, Noteworthy
New Ventures Maine offers tuition-free online workshops for June
LEWISTON — New Ventures Maine has announced tuition-free online workshops and classes for June, including self-paced and interactive online workshops that are designed to help people in Maine gain the skills, knowledge, and confidence to start a business, build a career and manage money. The full class schedule with offerings for June and beyond is […]
Posted inBusiness
New Twitter policy aims to pierce fog of war misinformation
The changes make Twitter the latest social platform to grapple with the misinformation, propaganda and rumors that have proliferated since Russia invaded Ukraine in February.
Posted inBusiness, Maine
Maine home prices up in April; sales decline for 10th consecutive month
LEWISTON — The price of a single-family home in Maine increased 25.36% in April compared to April a year ago. The Maine Association of Realtors reported that 1,143 homes changed hands last month, down 20.90% from April 2021. The statewide median sales price for existing homes sold is $346,000. This means that half of the […]