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Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Nation & World, News
Treasury Secretary Janet Yellen tells Congress U.S. expected to hit debt limit Thursday
Yellen said while Treasury can’t estimate how long the extraordinary measures will allow the U.S. to continue to pay the government’s obligations.
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Posted inBusiness, Nation & World, News
Trump Organization fined $1.6 million for tax fraud
A fine was the only penalty a judge could impose on the Trump Organization after its conviction last month for 17 tax crimes, including conspiracy and falsifying business records.
Posted inBusiness, Nation & World, News
Trump Organization sentenced to pay $1.6 million penalty in tax fraud case
The Manhattan District Attorney’s Office described egregious and deliberate long-term conduct that benefited both former president Donald Trump’s namesake company and the executives involved in the cheating.
Posted inBusiness, Nation & World, News
Exxon Mobil accurately predicted warming since 1970s, study says
Exxon-funded research didn’t just confirm what climate scientists were saying but forecasted the coming warming with precision equal to or better than government and academic scientists.
Posted inBusiness
U.S. applications for unemployment benefits lowest in 15 weeks
December’s jobs report suggests the labor market may be cooling in a way that could aid the Fed’s fight against high inflation.
Posted inBusiness, Nation & World
Minimal airline delays, cancellations a day after U.S. outage
The breakdown Wednesday showed how much American air travel depends on a singular computer system that offers safety information to pilots.
Posted inBusiness, Nation & World
U.S. consumer inflation eases for sixth month in row
The softer readings add to growing signs that the worst inflation bout in four decades is steadily waning.
Posted inBusiness, Maine, News, People on the Move
Jason Bolton named associate dean at UMaine Cooperative Extension
NEW HIRES Jason Bolton has been named associate dean at the University of Maine Cooperative Extension. He will provide leadership for strategic initiatives within the organization, which conducts community-based, research-driven programs throughout Maine to grow its food-based economy. Previously, Bolton served as UMaine Extension professor and the state food safety specialist. In that role, he […]
Posted inBusiness, Nation & World, Politics
U.S. will max out on debt soon, setting up political fight
Past forecasts suggest a default could instantly bury the country in a deep recession, right at a moment of slowing global growth.