Cathy Raynor, a third-generation owner of the business, has sold her company and assets to a next generation tradesman who is 20 years younger.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, Lewiston-Auburn, News
Auburn couple ‘throwing hands up’ after trying to open day care near Lake Auburn
Tom and Kathleen Reed are looking to sell their property after trying for two years to open a day care business at an historic home near Lake Auburn.
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Posted inBusiness, Maine, News
Maine’s energy efficiency agency is bullish on electric heat pump installation
A shift in incentives to whole-home heat pumps prompts questions about cost and vulnerability in power outages.
Posted inBusiness, Franklin, News, The Franklin Journal
ConvenientMD medical facility approved in Farmington
Mike d’Hemecourt, developer at Harborlight Properties of Portland, said the plan is to start building as soon as possible in the spring and finish by the end of the year.
Posted inBusiness, Maine, Sports
In-person sports betting makes Maine debut at Oddfellahs in Portland
The new sports bar is partnering with Caesars Sportsbook to offer Maine’s first retail betting site.
Posted inBusiness, News
Wall Street climbs to the cusp of records and closes its best week of the year
Traders are rekindling hopes that the Federal Reserve may offer bigger-than-usual relief in whatever action it take on interest rates next week.
Posted inBusiness, Nation / World
Boar’s Head closing Virginia plant linked to deadly listeria outbreak
Boar’s Head expressed regret and deep apologies for the outbreak in a statement on its website.
Posted inBusiness, Nation / World
White House officials signal delay in U.S. Steel takeover decision
White House officials have indicated that a decision to block the Nippon purchase of U.S. Steel is unlikely in the short term and may not come until after the 2024 presidential election, after vocal opposition to the idea of blocking the deal.
Posted inBusiness
Boeing factory workers go on strike after rejecting contract offer
The strike started soon after a regional branch of the International Association of Machinists and Aerospace Workers reported that in a Thursday vote, 94.6% of participating members rejected a contract offer.
Posted inBusiness, Maine, News
State foliage expert predicts vibrant display ‘for the record books’
Maine’s leaf-peeping season kicked off this week with the first foliage report of the fall from the Maine Department of Agriculture, Conservation and Forestry.