Facing a global market meltdown after his tariffs took effect Wednesday, the president abruptly backed down on most of the import taxes — except for those on China.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, Local & State, News
Maine regulators investigating Versant Power’s management practices
The Public Utilities Commission says that Versant has regularly increased rates without improving service and questioned whether its Canadian parent company is providing sufficient oversight.
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Posted inBusiness, Local & State
Maine company stocks drop in wake of tariffs, but less than the average
Last week was the stock market’s worst since the start of the COVID-19 pandemic in 2020, and stocks continued to bounce around wildly Monday.
Posted inAdvertiser Democrat, Business, Local & State, News, Oxford Hills
With Paris car dealer locked down, customers left in the lurch
Oxford County Chrysler Dodge Jeep RAM abruptly closed its doors last Friday after the business was seized by Rockland Trust Company.
Posted inBusiness, Noteworthy
Valerie Foss of South Paris honored by president for volunteerism
SOUTH PARIS — Valerie Foss, an associate with UScellular in South Paris, was recently honored with the President’s Volunteer Service Award by the Office of the President of the United States for dedicating more than 200 hours to volunteerism in 2024. Foss has volunteered more than 330 hours between Blueberry Mountain Bible Camp and Moss […]
Posted inBusiness, Lewiston-Auburn, Local & State, News, Schools & Education
Cuts to federal food program put local farms, schools in a bind
The Trump administration is ending a program that helped districts and producers bring local food to Maine students.
Posted inAndroscoggin County, Business, Local & State
Wolf Cove Inn is a smaller wedding venue experiencing growth
Demand for micro weddings is growing, especially among the budget-conscious.
Posted inBusiness, Lewiston-Auburn, Local & State
Is the honeymoon over for owners of Maine wedding venues?
Hustling since the pandemic, Maine wedding industry veterans now fear the state has reached a saturation point.
Posted inBusiness, Local & State, News, Politics
Trump policies expected to cause 25% drop in Canadian tourism to Maine
The state’s top tourism official told lawmakers her office is aggressively working to bring in more U.S. tourists to make up for the loss of international travelers, but so are other states.
Posted inBusiness, Local & State, News, Religion & Values
Maine’s Catholic diocese is tapping into solar power
The Roman Catholic Diocese of Portland has leased land to solar developers to build what are believed to be the first arrays on church property in the state.