JPMorgan Chase’s recent lawsuit against former executive Jes Staley sets up a likely settlement by the bank of claims that it facilitated Jeffrey Epstein’s sex trafficking.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Nation & World, News
Defense budget speeds toward $1 trillion, with China in mind
The Pentagon budget surge is meant to address the vulnerabilities that the Ukraine war has exposed in the U.S. defense industrial base, and the strategic threat the U.S. sees from China’s gains.
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Posted inBusiness, Food, Maine, News
Maine lobstermen sue sustainability group for defamation over ‘red listing’
Seafood Watch, a program of the Monterey Bay Aquarium in California, unfairly downgraded its evaluation of the Maine lobster fishery last fall, the fishermen say.
Posted inBusiness, Maine, News, Uncategorized
Maine unemployment fell below 3% in January
At the same time, the number of jobs in the state rose to an all-time high of 648,000.
Posted inBusiness, Maine, News
Maine wreath business was cited for record-keeping, workplace safety violations
Worcester Resources defends its track record, says it is proud of the way it treats employees.
Posted inBusiness, Nation & World, News
Bank stocks tumble while others rise on hopes for easier interest rates
The most pressure is on the regional banks a couple steps below in size of the massive, ‘too-big-to-fail’ banks that helped take down the economy in 2007 and 2008.
Posted inBusiness, Nation & World, News
After 2nd collapse, Biden says U.S. can have confidence in banks
The president says he would seek to hold those responsible accountable, and he promised that no losses would be borne by taxpayers.
Posted inBusiness, Nation & World, News
Biden approves major oil drilling project in Alaska over protests
The administration, in a move in the other direction toward conservation, earlier said it would bar or limit drilling in some other areas of Alaska and the Arctic Ocean.
Posted inBusiness, Food, Maine, News, Uncategorized
As a Maine distillery grows, so does worry over ‘whiskey fungus’
The black blight is spreading near large distilleries and threatening home values in places such as Kentucky. Now some neighbors of Wiggly Bridge Distillery say the fungus has come to York.
Posted inBusiness, Nation & World
U.S. government moves to stop potential banking crisis
The Treasury Department, Federal Reserve and FDIC said Sunday that all Silicon Valley Bank clients would be protected and able to access their money.