An analysis of audience data suggests most theaters are operating at 60%-80% of 2019 levels, but many in the business believe a full recovery from the pandemic is still possible.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness
‘War of the states:’ Electric vehicle, chip makers lavished with subsidies
The mounting cost of competing for projects hasn’t dissuaded states from trying. On the contrary, they’re clambering to outdo each other.
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Posted inBusiness, Nation & World
Shipbuilder Austal executives accused of inflating earnings
Prosecutors alleged the three men manipulated an accounting metric to hide growing costs in order to maintain and increase the share price of Austal Limited’s stock, hurt U.S. investors.
Posted inBusiness, Nation & World, News, Uncategorized
Lanterns and crescents: more retailers court Ramadan buyers
For this year’s Muslim holy month of Ramadan, Target rolled out its first dedicated Ramadan and Eid, or feast, collection, including decorations
Posted inBusiness, Maine, News
Portland’s Cong Tu Bot is first independent restaurant in Maine to unionize in 40 years
Owners Vien Dobui and Jessica Sheahan encouraged the organizing and recognized the union after a unanimous vote by the 21 workers.
Posted inBusiness, Nation & World
EPA approves California rules phasing out diesel trucks
The announcement comes as advocates push for more ambitious tailpipe emissions standards in other states and at the national level.
Posted inBusiness
Stocks rally to cap winning month, quarter
Expectations for an easier Fed help Big Tech, seen as some of the biggest beneficiaries of lower rates.
Posted inBusiness, Nation & World
Medicare, Social Security could fall short over next decade
The annual report further prods lawmakers to address the fragile financial state of the social programs.
Posted inBusiness
Many EVs will lose tax credit under rules proposed by Treasury
The big issue is where battery parts and minerals for electric vehicles come from.
Posted inBusiness, Maine, News
Secretary of state OK’s wording for ballot question that could block public utility
If successful, voter approval would be required for a consumer-owned utility, such as one being proposed on the same November ballot, to take on more than $1 billion in debt.