Business
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Under a plan proposed Tuesday, creditors who held claims in the amount of $50,000 or less would get about 118% of their investment back within 60 days of the plan’s effective date.
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Persistent inflation, muted economic growth in much of Europe and a protracted recovery in China – where excessive EV discounting is hurting manufacturers – are adding to the industry’s headaches.
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The decision will affect sales of chips for use in Huawei phones and laptops, according to the people, who discussed the move on condition of anonymity.
It runs in the business section on Thursdays.
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Microsoft's president credited the Biden administration's economic policies for paving the way for the new investments in Sturtevant, Wisconsin.
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Co-owned by Vien Dobui of Cong Tu Bot, the restaurant is in the former home of Pat's Pizza on Market Street.
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The coffee trade might have been 'contaminated' by a wave of speculative buyers betting prices would rise after the troubles in cocoa, said Carlos Costa, head of sales for Hedgepoint Global Markets LLC.
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Maine's 'clean energy economy' reached 15,000 jobs at the end of 2022, posting stronger growth than the economy generally, according to a study commissioned by the Governor's Energy Office.
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Also, Model T Coffee launches on Congress Street; plans for a Forest Avenue café from the owners of The Cheese Shop of Portland; Holy Donut to open in Brunswick; and more.
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An independent review of the agency cites incidents of stalking, harassment, homophobia and other violations of employment regulations.
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MITRE, a federally funded, not-for-profit research organization that has supplied U.S. soldiers and spies with exotic technical products since the 1950s, says the project could improve everything from Medicare to taxes.
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These fake images might seem harmless. But they can be used to carry out scams and identity theft or propaganda and election manipulation.
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Restaurant orders will be fulfilled by Uber’s couriers, while grocery delivery will remain separate and operated by Instacart.
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The popular social video company alleged the law is so 'obviously unconstitutional' that its sponsors are trying to portray the law not as a ban, but as a regulation of TikTok's ownership.
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The order is intended to address a large gender gap in the construction industry and help the state combat a severe workforce shortage.
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Mackerel is among the species that have recovered, and the U.S. was able to remove several important fish stocks from the overfishing list.
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The news Monday was better than many experts had expected, though – last year, federal actuaries said the programs could go belly-up sooner than the decade predicted in the new report.
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BF Borgers and its owner are charged with 'deliberate and systematic failures' in more than 1,500 audits.
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Europe’s Airbus is taking a conspicuously cautious and even modest stance toward its recent success and its rival’s woes.
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The use of the high-frequency sound waves is being adapted to treat Alzheimer’s disease, tumors and psychiatric disorders. Now, researchers are studying whether ultrasound can be deployed against addiction.
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They're keeping shoppers amused and engaged with in-store announcements and even vocal and dance performances.
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The Seattle company said revenue dropped 2% in the January-March period as store traffic slowed around the world.
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Tekαkαpimək Contact Station, the welcome center at Katahdin Woods and Waters National Monument, is slated to open this summer. Designed in collaboration with Wabanaki leaders, it is one of the first major efforts in the state to boost Indigenous tourism.
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The current pricing system for distilled spirits gives the director of the state liquor agency wide discretion to set prices, but a new law is intended to increase transparency and oversight.
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Saturday's annual meeting is the first since Vice Chairman Charlie Munger died.
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The outdoor sports retailer said the law will have 'irreversible consequences' for its business, which relies heavily on tourism.
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Sissle and Daughters will serve coffee drinks, 'exciting wines' and light fare.
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The Fed has been delaying any consideration of interest rate cuts until it gains more confidence that inflation is steadily slowing.
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Her remarks serve as a sort of warning for business leaders who may overlook Trump’s disregard for modern democratic norms because they prefer the former president's vision of achieving growth by slashing taxes.
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Future war scenarios envision swarms of American unmanned aircraft providing an advance attack on enemy defenses to give the U.S. the ability to penetrate airspace without high risk to pilot lives.
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The biggest antitrust trial in more than two decades has revolved around how much Google derives its strength from contracts with companies like Apple to make Google the default search engine preloaded on cellphones and computers.
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The Federal Reserve’s decision Wednesday to keep its benchmark rate at a two-decade high should have ripple effects across the economy.
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Six months into bargaining, administrators and the union have reached tentative agreements on just two of 22 contract issues.
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An Amazon spokesperson said the company strongly disagrees that 'any part of these comments' were inappropriate.
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Meanwhile, authorities say they have recovered the body of a fifth person who was missing after the March 26 collapse.
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A haunting new video released in the early morning hours is the latest effort by the Army to lure soldiers to some of its more secretive units.
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The artists include Drake, Adele, Bad Bunny and Billie Eilish.
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The South Portland shop will be located at the former Bed Bath & Beyond building at 200 Running Hill Road.
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Production has not rebounded as quickly or strongly as many had hoped.
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A year after its founder's death, the manufacturer of AR-15-style rifles has relaunched and its new owners are looking forward to rising sales.
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They say increasing the minimum length of a harvestable lobster by one-sixteenth of an inch will prevent them from catching their most popular crustaceans.
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Bettors wagered nearly $14 million more than they did in February, but the state took in about $150,000 less.
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The decision comes amid updates to U.S. dietary guidelines that generated pushback from Maine lawmakers.
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Regulators decided Wednesday that U.S. fishermen will be allowed to harvest a little less than 10,000 pounds of the eels per year. That quota will stand through at least 2027.
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The Fed chair stressed, as he has before, that the central bank's decision on when to cut rates will depend on the latest economic data.
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Russian President Vladimir Putin has repeatedly railed against several rounds of U.S. and Western sanctions, claiming last year that they are 'illegitimate sanctions' on his country.
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Senate Republican leader Mitch McConnell also is signaling he will continue to oppose the marijuana banking bill. McConnell has previously helped block the bill.
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Russia provided almost a quarter of the enriched uranium used to fuel America’s fleet of more than 90 commercial reactors, making it the No. 1 foreign supplier.
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Tax credits aimed at cultivating a domestic EV and battery manufacturing industry were a key element of Biden’s signature climate bill.
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Attorney General Merrick Garland recommends loosening restrictions on marijuana, a historic shift in federal drug policy.
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Also, 3 Maine beverage makers win Good Food Awards, Thai restaurant Esaan closes, and a Maine delegation returns from France hoping to popularize whole scallops.
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Babies in dispensaries, ID checks at registers and free samples: Businesses say a new law will improve the 'weird' cannabis shopping experience, reduce the stigma and make it akin to buying alcohol.
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As Maine leads the country in workplace injury rates, labor advocates are calling on the government to strengthen safety protections and enforcement.