The lack of inventory again hampered sales, but bidding wars are starting to resume and prices rose by more than 6%.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Nation & World, News
Disney ends nearly $1 billion project amid ongoing feud with Gov. DeSantis
The Lake Nona Town Center project was expected to bring about 2,000 jobs to Orange County, Fla., enabled by a state tax credit. But Disney is now telling California-based staffers they will no longer have to relocate.
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Posted inBusiness, Nation & World, News
Will dashboard AM radio be saved? Bipartisan bill would require automakers to keep it in new cars
The bill’s sponsors note AM radio’s historic role in transmitting vital information during emergencies, such as communication during natural disasters, especially to people in rural areas.
Posted inBusiness, Nation & World, News
Suspect in fatal stabbing of Cash App founder pleads not guilty
The suspect in the fatal stabbing of Cash App founder Bob Lee on the streets of San Francisco has pleaded not guilty to a murder charge
Posted inBusiness, Nation & World, News, Politics
False claims of a stolen election thrive unchecked on Twitter even as Musk promises otherwise
It’s unclear whether Musk and his newly hired chief executive, plan to make changes to Twitter, cracking down on misinformation, which election experts and tech accountability advocates say erodes trust in democracy.
Posted inBusiness, Nation & World, News, Politics
Senator Chuck Schumer: Congress ‘must move quickly’ on artificial intelligence legislation
He expressed concerns about China’s efforts to regulate artificial intelligence, calling that ‘a wake-up call to the nation.’
Posted inArts & Entertainment, Business, Maine
Saco Drive-In reopening at Aquaboggan next week
The 83-year-old drive-in closed last year, but pieces of it, including the projector, have been moved across Route 1 to the water park.
Posted inBusiness, Nation & World, News
Supreme Court rules for Google, Twitter over liability for content posted by users
The families of victims in both attacks asserted that the internet giants did not do enough to prevent their platforms from being used by extremist groups to radicalize and recruit people.
Posted inBusiness, People on the Move
United Way of Southern Maine makes 3 key hires
NEW HIRES The United Way of Southern Maine, a human services, community-focused nonprofit with offices in Portland and Kennebunk, has added three new staff members. • Nakesha Warren-Colbry has joined the nonprofit as homeless services hub coordinator for its Cumberland County Hub, supporting MaineHousing’s redesign of the homeless services response system in Maine. Warren-Colbry brings […]
Posted inBusiness
Elizabeth Holmes ordered to pay massive restitution over fraud
How much her co-accused and former lover Sunny Balwani may be able to pay is unclear.