The proposed rule is expected to become final next year.
Business
Business news and information from the Portland Press Herald.
FedEx will combine air, ground, other operations to slash costs
The company expects to realize savings of $4 billion during fiscal 2025.
Swiss cutting up to $66 million in bonuses for top Credit Suisse executives
The troubled bank is heading toward a forced merger with rival UBS.
Stocks mostly slip after latest signs of slowing economy
Weaker-than-expected reports on the health of U.S. services industries and the job market send bond yields lower, too.
Another Old Port bar and restaurant announces it will close
Pat’s Pizza, which has operated in Portland’s Old Port for 14 years, will close Sunday.
Paying for paradise? Hawaii mulls fees for ecotourism crush
Lawmakers are debating legislation that would require tourists to pay for a yearlong license or pass to visit state parks and trails.
Bob Lee, Cash App founder, fatally stabbed in San Francisco
The San Francisco Police Department did not disclose details about the circumstances of the stabbing.
Maine Space 2030 campaign hopes to get state’s space industry off the ground
The Maine Space Grant Consortium and other organizations will hold a conference this fall highlighting opportunities for Maine aerospace companies.
Parking lot next to Miss Portland Diner could pave way to affordable housing
A Portland City Council committee has discussed the idea of converting the space, a change that would disrupt business for the diner, its owners say.
The Wrap: Bruce’s Burritos closes in Yarmouth
Also, Parlor Ice Cream to broaden its distribution, Captain Sam’s closes in Old Port, Coffee By Design to leave L.L. Bean’s flagship store, and more.