The commissioner will appoint a new deputy commissioner with broad powers, but some food safety advocates say the move is not enough.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness
U.S. wage growth slowed in final quarter of 2022
Despite the recent report, the Federal Reserve likely won’t stop raising interest rates.
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Posted inBusiness
Boeing bids farewell to an icon, delivers last 747 jumbo jet
The company and its rival Airbus have introduced more profitable and fuel efficient wide-body planes.
Posted inBusiness, Maine
Maine Med raises $179 million for expansion, renovations and other projects
The fundraising campaign that began in 2016 is now complete.
Posted inBusiness, Nation & World, News
Federal agency uses rare veto to block Alaska copper, gold mine plan
Pebble Limited Partnership CEO John Shively in a statement called the EPA’s action ‘unlawful’ and political and said litigation was likely.
Posted inBusiness, Nation & World, News
Lawsuit targets new regulations on gun stabilizing braces
Stabilizing braces transform a handgun into a weapon that’s powerful and easy to conceal, Attorney General Merrick Garland said when he announced the rule this month.
Posted inBusiness, Maine, New England, News
Northern Maine wind power project wins PUC approval
Maine utilities would buy 60% of the output from the planned wind farm, which would be the largest east of the Mississippi, while Massachusetts would pay 40% of the project costs.
Posted inBusiness, Politics
‘Amtrak Joe’ Biden hails plans for big East Coast tunnel fix
The president came to familiar terrain to promote his 2021 infrastructure law, a bipartisan win that is just now ramping up the spending on major projects.
Posted inBusiness, Nation & World, News
UPS faces rising labor costs, strike risk in upcoming union fight
The current five–year contract had also kept labor costs predictable, shielding UPS from wage spikes that hurt profit and service at non–unionized rival FedEx.
Posted inBusiness, Nation & World, New England
Russian millionaire on trial in Massachusetts in hack, insider trade scheme
A federal prosecutor says a wealthy Russian businessman and associates made nearly $90 million dollars cheating the stock market in an elaborate scheme of hacking into U.S. computer systems to steal insider information.