Business - Portland Press Herald

After 45 years, the clock runs out for Swiss Time

by Edward D. Murphy January 5, 2023January 7, 2023

The watch shop was a landmark on Exchange Street for more than a quarter-century, and had done business in Portland since 1977.

Business

FTC proposes rule that would ban noncompete clauses

by ALEXANDRA OLSON and MICHELLE CHAPMAN Associated Press January 5, 2023

The rule would prevent employers from contractually prohibiting their employees from joining a competitor after they leave the company.

Business, Maine

Regulators announce plan to rebuild long lost cod stock by 2033

by PATRICK WHITTLE Associated Press January 5, 2023January 5, 2023

Environmentalists have pushed for regulators to take a new approach to save the cod stock because of the historic nature of the cod-fishing industry and the fish’s importance to ocean ecosystems.

Business, Maine

Northern Light Health to shift 1,400 employees to health services company

by Joe Lawlor January 5, 2023January 6, 2023

No employees will be laid off, and all will retain pay and similar benefits, according to the hospital network, which hopes to save $1 billion over 10 years.

Business, Maine, News, Uncategorized

Press Herald journalist to head new ‘nationhood lab’ at Salve Regina

by Edward D. Murphy January 5, 2023January 5, 2023

Colin Woodard will be on sabbatical from the paper this year to help launch the program at Salve Regina University in Newport, Rhode Island.

Business, Nation & World, News

Amazon to cut 18,000 jobs as tech layoffs grow

by Rachel Lerman Washington Post January 5, 2023January 5, 2023

The company had previously said it would reduce its workforce, but without many details of the size of the cuts.

Business, Opinion

From the Business Desk: The 2023 un-forecast

by Will Hall January 5, 2023January 5, 2023

In Maine and nationwide, 2022 was a year of unexpected economic change. What’s ahead for the state in 2023? It may be safer to say what’s not on the horizon.

Business, People on the Move

Andrew Lynch promoted to chief financial officer at Legacy Properties

January 5, 2023January 8, 2026

PROMOTIONS Andrew Lynch has been promoted to chief financial officer at Legacy Properties Sotheby’s International Realty, a luxury property company with offices in Portland and five other Maine locations. Lynch joined the company as financial controller in 2018. Previously, he was employed in the Financial Risk Management Department for General Electric Capital Aviation Services. He […]