In Portland on Thursday, the Bureau of Ocean Energy Management is scheduled to discuss a proposal that could allow wind-power leases on nearly 10 million acres of offshore waters.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Maine, News
Roux Institute ends one of its Portland growth programs for tech startups
The institute, a branch of Northeastern University in Boston, launched the Techstars Accelerator in 2021 to boost the growth of young technology companies.
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Posted inBusiness, Nation & World, News
Microsoft lays off 10,000 as job cuts in tech sector continue
Microsoft is cutting 10,000 workers, almost 5% of its workforce, as it joins other tech companies in a scaling back of their pandemic-era expansions.
Posted inBusiness, Nation & World, News
Twitter auctions office equipment, coffee machines as Musk slims company
Twitter and Musk, its outspoken CEO, have not commented publicly on the sale, but the company has been slashing costs and cutting staff numbers as it grapples with its finances.
Posted inBusiness, Nation & World, News
U.S., Chinese officials discuss climate, economy, relationship
Yellen’s first face-to-face meeting with Vice Premier Liu He in Zurich is the highest-ranking contact between the two countries since their presidents agreed to look for areas of potential cooperation.
Posted inBusiness, Nation & World, News
Wholesale inflation in U.S. slowed further in December to 6.2%
Wholesale prices in the United States rose 6.2% in December from a year earlier, a sixth straight monthly slowdown and a hopeful sign that inflation pressures will continue to cool.
Posted inBusiness, Food
The Wrap: Bistro Leluco replaces Enio’s in South Portland
Also, Bake Maine Pottery Cafe to open this week on Washington Avenue, Maine Mead Works will close this month, Holy Donut launches a fourth location and more.
Posted inBusiness
Fastest Corvette ever is all-wheel-drive gas electric hybrid
The $104,000 E-Ray will hit showrooms during the second half of this year as a 2024 model.
Posted inBusiness
Davos organizers: Musk wasn’t invited despite what he says
Notables are gathering this week to talk about global issues ranging from war to climate change and technology’s effects on security.
Posted inBusiness
Greta Thunberg carried away by police at German mine protest
The government reached a deal with energy company RWE last year allowing it to destroy a village in return for ending coal use by 2030, rather than 2038.