Also, Brea Lu Cafe is still looking for a new home in Westbrook, a farmers market is coming to Woodfords Corner, and the Talking Food in Maine series continues with Coffee By Design’s co-founder.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Nation & World
In a first, some CSX railroad workers to get paid sick leave
CSX announced a deal Tuesday with two of its 12 unions, becoming the first major railroad to offer that benefit that most U.S. workers take for granted.
advertisement
Posted inBusiness, Maine, News
Pet supply retailer will close 8 Maine stores for good
Loyal Companion, which has over 50 stores nationwide, said it will shutter most of its locations by the end of the month as the parent company faces bankruptcy.
Posted inBusiness, Nation & World, News
Don’t file your taxes yet, IRS says amid confusion over state benefits
Nearly 2 dozen states, including Maine, provided inflation relief payments or state tax rebates in 2022, and the IRS is unsure which of them are federally taxable.
Posted inBusiness, Maine, News
Heat pumps boom in Maine, despite frigid cold and oil industry pushback
In Maine, exorbitant oil and gas prices have motivated people to switch to heat pumps, prompting the fossil fuel industry to step up its efforts to beat back the trend.
Posted inBusiness
Fed’s Powell: Strong hiring could force further rate hikes
The slowdown in inflation has raised hopes that the central bank might be able to avoid raising rates, but the chairman has brushed that notion aside.
Posted inBusiness, Nation & World, News
Newspapers dying? Ralph Nader’s giving birth to one
The last publication in Winsted, Conn., shuttered in 2017 and the activist says people are losing touch with what’s going on their community.
Posted inBusiness, Maine, News
Cape Elizabeth gourmet market pays $51,000 for federal labor violations
An investigation found that managers at C Salt Gourmet Market shared in the tip pool while minors worked excessive hours with dangerous equipment.
Posted inBusiness, Nation & World, News
UK energy giant BP’s profits double to $27.7 billion
High oil and gas prices have hit Britain hard, with double-digit inflation fueling a wave of public-sector strikes, soaring food bank use and demands that politicians expand a tax on the windfall profits of energy companies.
Posted inBusiness, Nation & World, News
Musk’s Twitter expected to face the strictest E.U. content rules
Tech companies regardless of their size have to follow the fundamental rules of the DSA and take down illegal content in all the E.U.’s 27 countries.