As vacationers continue to flood the state, the labor shortage plaguing the nation is causing businesses to confront wage and housing problems.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, Noteworthy
AVCOG hosts free social media marketing webinar
AUBURN — The Androscoggin Valley Council of Governments is presenting the free webinar Social Media Marketing, with Rich Brooks from flyte new media from 9 to 11 a.m. on Nov. 30. The session will focus entirely on the most powerful social media platforms for businesses today: Facebook, Instagram, YouTube, LinkedIn and Pinterest. It will also […]
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Posted inBusiness, Maine
Government declares East Coast herring fishery a disaster
The fishery will be eligible for disaster assistance, and some fishery-related businesses might also qualify for federal loans, the commerce department said.
Posted inBusiness, Nation / World
GM exploring electric boats, buys 25% stake in engine maker
Privately held Pure Watercraft makes an electric outboard propulsion system powered by a lithium-ion battery.
Posted inBusiness, Maine
Gas prices rise in Maine, hold steady in New Hampshire and Vermont
Prices in Maine went up 1.2 cents per gallon over the past week, according to GasBuddy.
Posted inBusiness, Nation / World
Biden picks Powell for second term as Fed chair
The decision rewards Powell for helping rescue the U.S. economy from the pandemic and gives him the task of protecting that recovery from a surge in consumer prices.
Posted inBusiness, Maine
Maine DEP weighs legality of power corridor license in wake of Question 1 vote
The Department of Environmental Protection heard arguments Monday for and against suspending or revoking the NECEC project’s construction license.
Posted inBusiness, Maine
Ousted Prime Automotive CEO settles lawsuit for $30 million, clearing way for dealership sale
Houston-based Group 1 Automotive closed on its purchase of the dealerships on Wednesday, the same day Prime Automotive signed a settlement agreement with David Rosenberg.
Posted inBusiness, Maine
Hallowell residents protest closure of Hydeout at the Wharf
Nearly three dozen people turned out Sunday in Hallowell to protest the likely closure of the Wharf, after the bar’s owner said the lease on the decades-old bar was not being renewed and the block of properties it occupies has been listed for sale for almost $3 million.
Posted inBusiness, Maine
Gardiner craft brewery to close Saturday after struggling through the pandemic
Jokers & Rogues Brewing owner John Callinan said part of being in business is knowing that someday you are going to exit that business and being prepared for that.