Developers plan more than 800 units in the city’s gateway. Neighbors recognize the need for housing but have concerns about traffic, green space and where affordable units will be built.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Nation & World, News
Frustration grows over wait on OxyContin maker’s settlement
About 149,000 individuals could receive between $3,500 and $48,000 each.
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Posted inBusiness, Nation & World, News, Politics
Be tough in seizing Iranian oil assets, senators urge Biden
Exports jumped 35% last year and proceeds are being used to sponsor attacks on Americans, the bipartisan group says.
Posted inBusiness, Nation & World, News, Politics
Defaulting on national debt much closer than anyone realizes
Republicans believe they can win the political standoff by making President Biden and Democrats look petty by refusing a basic negotiation.
Posted inBusiness, Nation & World, News
Moderna’s billionaire CEO reaped nearly $400 million last year. He also got a raise
The company brought in revenue of $18.5 billion in 2021, 300 times more than it generated just two years earlier.
Posted inBusiness, Nation & World, News
NYC transit agency pulls the brake on Twitter service alerts
The decision comes as many institutional users of the platform wrestle with changes Elon Musk has made.
Posted inBusiness
FDIC likely to seize First Republic Bank
Regulators are expected to sell wounded bank’s assets to a larger institution. It would be the third lender to fail since March.
Posted inArts & Entertainment, Business, Nation & World, News
Kanye West files countersuit against ex-business partner
Although West admits to signing a contract, he says he did so without legal counsel, and that his judgment was clouded by his divorce from then-wife Kim Kardashian.
Posted inBusiness, Maine
Railroad cited for violating pollution law in derailment cleanup
State regulators tell Canadian Pacific Kansas City that its failure to stabilize roads and stream crossings during the cleanup has resulted in a significant amount of sediment being released into nearby waters.
Posted inBusiness
New report blames airlines for most flight cancellations
Weather was the leading cause of cancellations in the two years before the pandemic, but the percentage of airline-caused cancellations began increasing in early 2021.