Business Archives - Lewiston Sun Journal

Business, Nation / World

Mortgage rates keep rising, hitting 6-month highs

by Kathy Orton Washington Post October 28, 2021October 28, 2021

The 30-year fixed-rate average rose to 3.14% compared to 3.09% a week ago and 2.81% a year ago.

Business, Nation / World

U.S. economy slowed sharply to a 2% growth rate last quarter in face of COVID

by MARTIN CRUTSINGER Associated Press October 28, 2021October 28, 2021

Economists remain hopeful for a bounce-back in the current October-December period, with confirmed coronavirus cases declining, vaccination rates rising and more Americans venturing out to spend money.

Business, Maine, News

Developer unveils plan to build $75 million convention center at Rock Row in Westbrook

by Peter McGuire October 28, 2021October 28, 2021

The facility would satisfy a demand for event space that has existed in the Portland area for decades. The developer is seeking funds from a proposed bond issue.

Business, Nation / World

Rise in baguette prices poses crunch for the French

by THOMAS ADAMSON Associated Press October 27, 2021October 27, 2021

The pressure on the bread industry has been linked to a 30% worldwide increase since September in the price of wheat – one of the baguette’s key ingredients – after bad harvests in Russia.

Business, Franklin, News, The Franklin Journal

Farmington to consult attorney about a moratorium on solar farms

by Pam Harnden October 26, 2021October 27, 2021

The latest application is the third one in three years, including a project billed as the largest in New England.

Business, Nation / World

Woman sues Kellogg over lack of strawberries in strawberry Pop-Tarts

by Annabelle Timsit The Washington Post October 26, 2021

Hers is among a wave of lawsuits alleging Big Food is labeling its products in ways that make them seem healthier than they are.

Androscoggin County, Business, Franklin, Lewiston-Auburn, Maine, Oxford Hills, River Valley

Things are looking up for Maine’s downhill ski scene

by Kathryn Skelton October 26, 2021October 27, 2021

Western Maine mountains are in the home stretch of getting ready for the upcoming ski season, which could start any day, weather-depending, for Sunday River Ski Resort. The head of Maine’s ski association is optimistic for an above-average year.