Chemical shortages, combined with a near-doubling of oil prices mean higher prices for many goods.
Business
Local, state and national business news from the Sun Journal.
Cat ferry between Bar Harbor and Canada expected to start service next year
Bay Ferries had hoped to restore the service during the 2019 season but was stymied by problems with the ferry terminal in Bar Harbor.
Maine jobless claims fall to new pandemic low as U.S. claims rise for third straight week
Maine reported 600 initial claims filed, while U.S. claims rose by 11,000 last week to 362,000, the Labor Department said Thursday.
Small towns brace for change, prosperity with Ford’s arrival
The automaker announced Monday that it will put Stanton, Tenn., and Glendale, Ky., at the center of its plans to ramp up electric vehicle production.
S&P 500 clings to a modest gain as other indexes end mixed
Bond yields stabilized after surging over the past week and weighing on the market, especially technology stocks.
Dollar Tree breaks the $1 barrier as rising costs take bite out of profits
The price of clothes, food and just about everything else has soared this year as the global economy emerges from a pandemic uppercut, and the retail chain has not been untouched.
Noël Bonam named state director of AARP Maine
NEW HIRES Noël Bonam has been hired as state director of AARP Maine. Bonam brings extensive experience in leadership development, stakeholder engagement, diversity, equity and inclusion practice and civic leadership. He previously served as head of The Global Institute, a social change organization based in Portland. Herring Gut Learning Center in St. George has hired […]
Lisbon’s new Moxie Hub offers local entrepreneurs space to grow their businesses
A community open house for entrepreneurs and residents was held Wednesday.
From paints to plastics, a chemical shortage ignites prices
Like other manufacturers, petrochemical companies have been shaken by the pandemic and by how consumers and businesses responded to it.
Maine Legislature threatens legal action over federal lobstering restrictions
Lawmakers voted Wednesday to fight the federal government in court over new rules intended to protect endangered North Atlantic right whales.