A new estimate finds the U.S. could face an unprecedented default on its obligations as soon as early June if Congress does not act to lift the debt limit.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Nation & World, News
Facebook parent plans to cut thousands of jobs, after CEO predicted no more layoffs
Meta’s newest efforts to become more efficient is part of a larger wave of tech companies that have slashed positions in recent months.
advertisement
Posted inBusiness, Maine
Winner of $1.35 billion Mega Millions jackpot claims prize
The winner remains anonymous after coming forward through a company that acted as a legal representative.
Posted inBusiness, Food
The Wrap: The Treehouse closes in Deering Center
And special events multiply during Portland’s quiet restaurant months.
Posted inBusiness, Maine, News
Feds sue Freeport pizza restaurant, alleging interference with wage probe
The U.S. Department of Labor claims the owner of Antonia’s Pizzeria failed to pay employees overtime and tried to hinder an investigation of pay practices.
Posted inBusiness, Maine, News
Workers at Shalom House in Portland launch union campaign
Some of the employees at the nonprofit social service agency are organizing to secure higher wages that will keep pace with costs of living.
Posted inBusiness, Maine
Gifford’s unable to produce ice cream following fire at Skowhegan facility
Gifford’s Famous Ice Cream announced Tuesday it is unable to produce ice cream out of their Skowhegan facility after a fire damaged their production area earlier this month, but are exploring some temporary solutions.
Posted inBusiness, Maine, News
Right to Repair ballot initiative petitions approved by Maine secretary of state
The issue will go before voters in November unless the Maine Legislature approves it this session.
Posted inBusiness, Nation & World
U.S. home sales fell again in January; prices edged higher
The median U.S. home price edged up 1.3% from January last year to $359,000.
Posted inBusiness, Nation & World
Buttigieg urges safety changes after fiery Ohio derailment
The transportation secretary wants the nation’s freight railroads to immediately act to improve safety while regulators try to strengthen safety rules.