Adidas has about $500 million worth of unsold Yeezy shoes that were designed by Ye and has spent months trying to decide what to do with them.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, People on the Move
Mid-Maine Chamber of Commerce names marketing and membership director
NEW HIRES The Mid-Maine Chamber of Commerce has hired Bridget Campbell as marketing and membership director. Campbell previously worked as advertising operations manager for the Kennebec Journal and Morning Sentinel newspapers, both part of the Masthead Maine network of news and media outlets that also include the Press Herald. Her newspaper career spanned a total […]
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Posted inBusiness, Nation & World, New England, News
Proposed transmission line would bring power from Canada to New Hampshire
The proposed 211-mile, $2 billion Twin State Clean Energy Link would enter the United States in Canaan, Vermont.
Posted inBusiness, Nation & World, News
Google is changing the way we search with AI. It could upend the web.
Using AI to generate answers to search questions has been a hot topic since the end of last year when OpenAI released its ChatGPT chatbot.
Posted inBusiness, Nation & World, News
Fusion power by 2028? Microsoft is betting on it.
Energy entrepreneurs have long been promoting the potential of fusion to provide a steady stream of clean electricity without any of the reliability issues that come with sourcing energy from the sun or the wind.
Posted inBusiness
Airbnb tumbles the most ever after giving muted travel outlook
The company rolled out more than 50 new features and upgrades in part to increase price transparency and affordability.
Posted inBusiness
U.S. prices stay high, showing inflation pressures persist
Inflation eased for a 10th straight month, but prices are still increasing faster than normal.
Posted inBusiness, Food
The Wrap: New owners reopening former Legion Square Market in South Portland
Also, 2 Portland bars nominated for prestigious Spirited Awards, Chase’s Daily bounces back in Belfast, and more.
Posted inBusiness, Maine, News
Maine’s wild blueberry crop fell 26% in size, 30% in value last year
The state’s 2022 crop was valued at $55.5 million, a decrease from $80.3 million in 2021. Experts say the fluctuations are increasing and a result of climate change.
Posted inBusiness
Bud Light has managed to unite the left and right in anger
Sales are down 3% for the year after the company made a bid for inclusion, then backpedaled.