The state’s jobless rate rose slightly to 3.8% in December and is just slightly above the U.S. rate.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness
U.N. sees global economic growth slowdown in 2023
The gloomy 2023 forecast – a growth rate of 1.9%, down from 2022’s estimated 3% – is blamed on war in Ukraine, pandemic impacts, high inflation and the climate crisis.
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Posted inBusiness, Nation & World, News
White House directs federal probe into housing rental market practices
Progressive Democrats in Congress praised the plan directing government-backed enterprises and agencies to enhance renter protections and crack down on unfair practices.
Posted inBusiness, Nation & World, News
Right-wing Newsmax channel dropped by DirecTV
More than 40 Republican lawmakers send a letter to AT&T, which owns DirecTV, warning the provider could face hearings after its rate negotiations with Newsmax fall apart.
Posted inBusiness, Maine, Nation & World, News
States reimagine power grids for a wind and solar future
A complex web of independent system operators, state regulators and utility companies oversee the planning and construction of new grid infrastructure, with frequent disagreements about who should bear the cost.
Posted inBusiness, Food
The Wrap: Ruby’s moving to Congress Street, launching new French concept
Also, sustainable sushi darlings Rosella to open in Kennebunk; Maine-made foods, including the Maine Coast Monkfish Stew, make the finals at the Good Food Awards, and more.
Posted inBusiness, New England
Lego moving offices from Connecticut to Boston
The toymaker employs about 740 full-time employees at its North American headquarters.
Posted inBusiness, Nation & World, News
Soaring egg prices prompt demands for price-gouging probe
The spike in egg prices has been attributed to the millions of chickens that were slaughtered to limit the spread of bird flu and farmers having to compensate for inflation driving up their costs.
Posted inBusiness, Maine, News
As precipitation piles up, some businesses shut down
Portland-area business owners say the pandemic has taught them to be more flexible when it comes to giving workers, customers and themselves a day off.
Posted inBusiness
War on drugs locked him up. Now he’s a cannabis entrepreneur
Roland Connor’s Manhattan shop is the first to benefit from a program that allocated dispensary licenses for people with marijuana-related convictions.