The global chip shortage is creating supply chain headaches for debit and credit card issuers, particularly credit unions.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Maine
Portland board approves 179-room hotel for major project next to City Hall
The 179-room hotel with nine condos and 75 parking spaces was approved unanimously, but the developer says it’s too soon to say when construction might start.
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Posted inBusiness, Maine
Maine businesses form group to lobby for statewide ban on flavored tobacco
The coalition – called Tobacco Free Maine Works – is an offshoot of the Flavors Hook Kids Maine lobbying effort to ban flavored tobacco products.
Posted inBusiness, Nation & World
Biden, Yellen warn of ‘catastrophe’ if debt limit not raised
The Treasury Secretary said auto loans, mortgage and credit card payments will rise if the nation defaults.
Posted inBusiness, Maine, News
Pine tree would replace chickadee on new Maine license plate design
A legislative committee will consider a proposal to replace the state bird with the image of a conifer and star on the state flag from 1901-09.
Posted inBusiness
Tesla workers launch union campaign in New York
Employees want better pay and job security alongside a reduction in production pressures.
Posted inBusiness
Biden names Fed vice chair to head economic council
Lael Brainard was deputy director for the National Economic Council during the Clinton administration and under secretary for international affairs at Treasury during the Obama years.
Posted inBusiness, Maine
As Johnny’s Selected Seeds marks its 50th year, company looks to expand its reach
David Mehlhorn, the CEO of the Winslow-based company, said he hopes to position it to be a “one-stop shop” for mid-sized farmers and home gardeners across the U.S.
Posted inBusiness, Nation & World, News
U.S. inflation slows to 6.4%, but price pressures reemerge
High costs keep pressure on the Federal Reserve to raise its benchmark interest rate further and to keep it there through year’s end.
Posted inBusiness, Maine, News
Breeze Airways to fly from Portland to Charleston and Tampa
In addition to the year-round service, the budget airline also will have summer flights connecting Portland with Norfolk, Virginia, and Pittsburgh.