A group of business owners and residents is challenging the Jonesport Planning Board’s decision to allow a $110 million facility that would cultivate yellowtail kingfish.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness
IMF: Prolonged high inflation dims outlook for world economy
The fund foresees a 25% likelihood that global growth will fall below 2% for 2023, which happened most recently in 2020 when COVID-19 derailed global commerce.
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Posted inBusiness
USPS raising stamp price to 66 cents in latest rate hike
Postage rates have increased 32% since 2019.
Posted inBusiness, Maine, New England, News
Power line construction moved ahead on good-faith schedule, jurors told
New England Clean Energy Connect, backed by Central Maine Power and its affiliates, was repeatedly forced to change timeframes, lawyers for the project said on the second day of a civil trial.
Posted inBusiness, Nation & World, News
Small business owners feel the credit crunch
Small businesses are seeing the already-tough process of getting business loans get even tougher because of a variety of factors.
Posted inBusiness, New England
Prison for N.H. man in fraud case involving $6 million in COVID-19 loans
He received nearly $874,000 after applying for 35 Paycheck Protection Program and Economic Injury Disaster Loan funds.
Posted inBusiness, Health, Nation & World
Moderna says potential flu vaccine needs more study
The company is testing the vaccine in two, late-stage studies in the Southern and Northern hemispheres.
Posted inBusiness, Maine, News
Public utility referendum question must be reworded, Maine Supreme Judicial Court rules
The questioning about the question continues as the state’s highest court decides the precise language about the creation of a public-owned electric utility.
Posted inBusiness, Nation & World, News
Tech rally faces a reckoning ahead of tough earnings season
The fallout from Silicon Valley Bank’s collapse has spurred mixed narratives as to where policy and markets are headed.
Posted inBusiness, Nation & World, News
With plans for new plant, Tesla locks in China’s top position in energy storage
Construction is scheduled to begin in the third quarter of this year and the plant will commence production in the second quarter of 2024, the company said in a statement.