Business
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The layoffs are part of a broader restructuring of the system-wide IT department, Chief Information Officer Robert Placido told workers Friday afternoon in an email obtained by the Press Herald.
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The effort is part of the Biden administration's continuing push to reduce China’s global dominance in the sector.
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FedEx drags markets down as stocks drift around their all-time highs and close on a quieter note.
It runs in the business section on Thursdays.
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The owner of the shuttered nuclear power plant says it plans to restart the reactor under a 20-year agreement that calls for tech giant Microsoft to buy the power to supply its data centers.
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The aircraft manufacturer has started rolling furloughs of nonunion employees to conserve cash.
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Potential supply shortages are plaguing the world's largest coffee producer as well as the second-biggest – Vietnam.
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Mortgage rates dropped in anticipation of the Federal Reserve's first rate cut in more than 4 years, meaning buyers who were priced out may start house hunting again.
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The gains followed rallies for markets across Europe and Asia after the Federal Reserve delivered the first cut to interest rates in more than four years late on Wednesday.
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Customers will soon have the option to pay directly from their bank accounts with instant transfers for online purchases.
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Tim Walz is worth about $1 million – less than about 6 out of 10 adults in his demographic. JD Vance, who grew up in poverty, is now a multimillionaire.
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The state Department of Labor hopes a new rule that went into effect Thursday will end a pattern of small fines and few collections of penalties.
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Separate teen accounts for those under 18 are part of an effort to make the platform safer for children amid growing backlash against how social media affects young people’s lives.
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The judge who will decide whether Google holds a monopoly over technology that matches buyers and sellers of online advertising must choose whether to believe what Google executives wrote or what they’ve said on the witness stand.
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The national median sales price rose 3.1% from a year earlier to $416,700. That's the highest median price for August on records going back to 1999.
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Twin Rivers Paper Co. Inc. was the only mill eligible for the tax credit meant to help modernize equipment and save jobs.
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Councilor Donald Cushing, who proposed a last-minute resolution to withdraw support for the connector, called the debate over adding items to an agenda midmeeting "parliamentary hoo-ha."
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The Artisan's Marketplace will be between 9 a.m. and 2 p.m. Saturday at 9 Market Square
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The nonendorsement comes 2 days after union leaders and members met privately with Vice President Kamala Harris so she could lay out her case for an endorsement.
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The filing alleges that the multimillion-dollar company behind YouTube's most popular channel failed to provide minimum wages, overtime pay, uninterrupted meal breaks and rest time for competitors.
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The effects could ripple out well beyond those who lost jobs at the sprawling plant in Jarratt, a once-bustling railroad town about 60 miles south of Richmond.
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The central bank is acting because, after 11 rate hikes since March 2022, it feels confident that inflation is finally mild enough that it can begin to ease the cost of borrowing.
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The rate cut, the Fed’s first in more than four years, reflects its new focus on bolstering the job market, which has shown clear signs of slowing.
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Cannabis Cured, the cultivator and retailer that sold the contaminated products, maintains that its samples passed an initial round of state-mandated testing.
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Plus, Golden Lotus closes, a buzzy menu at Union with honey from its rooftop hives and more annual food festivals.
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The PUC agrees to waive state review of the deal in which Spanish energy giant Iberdrola will acquire the remaining shares in Central Maine Power's parent company, Avangrid.
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The Federal Reserve could provide an additional boost to consumers and the economy by lowering borrowing costs.
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Businesses like Ford, Harley-Davidson and Lowe's are ending their participation in the Corporate Equality Index amid pressure from conservative activists.
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'Sensitive' content will be limited, a 'sleep mode' will turn off notifications overnight, and teens will receive notifications after 60 minutes of using the app.
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Officials said that the 8 areas could produce as much as 13 gigawatts of clean wind energy – enough to power 4.5 million homes.
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The change would have moved outgoing mail processing from Hampden to a facility in Scarborough, roughly 130 miles away.
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TikTok argues that the law is unconstitutional, while the Justice Department says it is needed to eliminate a national security risk due to the platform's Chinese ties.
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The system's board of trustees approved $650,000 in capital improvement funds for planning and some renovations to 7 Custom House St. as part of a $100 million project.
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The federal government is warning that allowing people to bet on the outcome of U.S. elections poses too much of a risk to be allowed in the United States
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The rate cut expected Wednesday is likely to be just the first that should make borrowing more affordable now that the Fed has deemed high inflation to be all but defeated.
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When the legendary businessman and leader of Berkshire Hathaway, Warren Buffett, eventually passes away, the next generation of Buffetts — Howard, Susie and Peter — are poised to become one of the most powerful forces in philanthropy
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The lead engineer for an experimental submersible that imploded en route to the wreck of the Titanic says he refused to pilot it for a journey several years earlier.
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Washington state is going to court Monday to try to block a proposed merger between Albertsons, which owns 19 Shaw's supermarkets in Maine, and Kroger.
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Opponents of the proposed four-lane toll highway from South Portland to Gorham raise additional concerns about the Maine Turnpike Authority project.
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At stake in the next two months are the votes of frustrated homebuyers and renters in battleground states.
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The shortage affects nursing home and assisted-living jobs of all kinds, from nurses and personal care assistants, to food service workers and maintenance staff.
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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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There are roughly 10 empty storefronts on a half-mile stretch of Congress Street, an issue that people say detracts from the vibrancy of the neighborhood.
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A shift in incentives to whole-home heat pumps prompts questions about cost and vulnerability in power outages.
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The new sports bar is partnering with Caesars Sportsbook to offer Maine's first retail betting site.
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Traders are rekindling hopes that the Federal Reserve may offer bigger-than-usual relief in whatever action it take on interest rates next week.
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Boar's Head expressed regret and deep apologies for the outbreak in a statement on its website.
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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.
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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.
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The state'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.
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In almost two months since the pilot service linking Lewiston, Auburn and Portland began, ridership has increased. However, some issues are still in need of improvement.
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The new minimum tax on large companies by the Biden administration aims to raise $250 billion over the next decade.
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The embrace of a more expansionary policy in China’s capital is effectively getting canceled out in the provinces, where authorities are in full belt-tightening mode.