Government has tried to lessen the financial toll of the pandemic, with generally positive results. But we still need to scrutinize how it’s done.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness
Stocks stall in mixed trading day after worst drop in months
The Fed’s next move on rates will be in March.
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Posted inBusiness, Nation & World
NPR to cut about 100 workers in one of its largest layoffs ever
‘Our financial outlook has darkened considerably,’ NPR’s chief executive wrote after a large shortfall of sponsorship dollars in its podcasts section.
Posted inBusiness
Jay paper mill closing earlier than expected
Employees at Pixelle Androscoggin Mill were told Wednesday morning that doors would be closing as early as March 6 rather than later in the spring as previously announced.
Posted inBusiness, Food, Nation & World
No cow needed: Oat and soy can be called milk, FDA proposes
Food and Drug Administration officials issued guidance that says plant-based beverages don’t pretend to be from dairy animals.
Posted inBusiness, News, Uncategorized
Lack of inventory slowed Maine home sales in January
The most recent monthly data show the number of sales fell by double digits compared to a year ago, while prices rose modestly.
Posted inBusiness, Nation & World, News
No economic ‘knockout’ yet from West’s sanctions on Russia
The West’s export controls and financial sanctions appear to be gradually eroding Russia’s industrial capacity, even as its oil and other energy exports last year enabled it to keep funding a catastrophic war.
Posted inBusiness, Nation & World, News
UK grocers limit sales of some fruits, vegetables amid shortages
While industry analysts cite bad weather in Spain and Morocco, others blame Brexit.
Posted inBusiness
How credit scores are evolving to improve access
Advocates say it’s a positive that ratings agencies have started making it easier for consumers to prove that they’ll able to pay back money they borrow.
Posted inBusiness, Food
Nezinscot Farm in Turner wins food award from James Beard Foundation
Called one of America’s Classics, the farm-to-table cafe wowed the judges to capture the prestigious honor.