The Federal Open Market Committee paused its series of interest-rate increases last week for the first time in 15 months, leaving rates in a range of 5% to 5.25%.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Maine, Politics
Maine Legislature takes first step toward adopting paid family leave program
Senators voted 22-12 to create a new program to provide paid leave to workers who need time off to care for a newborn or sick family member.
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Posted inBusiness, Lewiston-Auburn, Maine
Owners of Auburn-based Strainrite Companies acquire Belfast Bay Brewing
Lobster Ale’s future as Maine craft brew legacy ensured with purchase of one of state’s original craft breweries.
Posted inBusiness, Nation & World, News
Railroads must alert first responders within 10 miles of derailed cargo train under new rule
The rule would force all railroads to send out information to all nearby emergency services anytime there is a derailment or hazardous chemical release, instead of expecting arriving firefighters to look up the details on an app.
Posted inBusiness, News
FTC accuses Amazon of enrolling consumers into Prime without consent, making it hard to cancel
The regulatory agency accused the retailer of using deceptive designs, known as ‘dark patterns,’ to deceive consumers into enrolling in the program.
Posted inBusiness, Food
The Wrap: Hunt + Alpine, Palace Diner make ‘best-of’ lists; Pentagoet Inn wins $40,000 grant
Also, Mike Urban signs copies of ‘Unique Eats and Eateries of Maine,’ a Midcoast month-long fundraiser to aid victims of domestic abuse, and Rosemont names a new CEO.
Posted inBusiness, Nation & World
Tribal activists oppose Nevada mine key to Biden’s clean energy agenda as ‘green colonialism’
The administration says the lithium project will help speed up the shift away from fossil fuels. Opponents say it’s not worth the costs to the local environment and people.
Posted inBusiness
Bank mergers face fresh antitrust heat at Justice Department
As part of the revamp to bank merger reviews, officials will look at fees, interest rates, branch locations, product variety and customer service.
Posted inBusiness, Nation & World
Bernie Sanders launches Senate investigation into Amazon labor practices
In a letter, Sanders describes Amazon’s warehouse conditions as ‘uniquely dangerous’ and pointed to the commerce giant’s high serious injury rate.
Posted inBusiness
Buttigieg says U.S. ‘green corridors’ initiative key to cutting shipping industry emissions
About 90% of all traded goods are moved by sea, and maritime trade volumes are estimated to triple by 2050.