Meanwhile, shares of Tesla are down 35% since he took over the social media platform Oct. 27.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness
Associates of FTX founder plead guilty to criminal charges
The guilty pleas were announced as Bankman-Fried was being flown to the U.S. from the Bahamas by U.S. law enforcement to answer to charges tied to his role in FTX’s failure.
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Posted inBusiness
Stocks gain ground on consumer confidence report
The government will release the personal consumption expenditure price index for November on Friday.
Posted inBusiness, News
Maine housing market may be easing for buyers, November numbers show
Prices are still rising, but at a slower pace than during the past two years, and mortgage rates fell slightly last month, according to data released Wednesday.
Posted inBusiness, Maine
Cincinnati-based manufacturer acquires Benton company, plans facility at FirstPark in Oakland
The agreement between Meyer Tool Inc. and B&B Precise Products Inc. is expected to allow B&B to raise capital for a $3 million, 15,000-square-foot expansion of its facility on Route 100 in Benton.
Posted inBusiness
Pain, few gains for investors as markets slumped in 2022
The S&P 500 index fell into a bear market by dropping more than 20% from the record high set in January.
Posted inBusiness, Health, Maine, News
Maine Medical Center nurses protest cuts to paid leave
The hospital acknowledges that it cut paid leave for bereavement, jury duty and military service, saying the benefit was never discussed during contract negotiations with the nurses union this year.
Posted inBusiness, News, Politics
Lobster legislation a ‘Christmas miracle’ for Maine’s industry – if it passes
Maine’s congressional delegation and Gov. Janet Mills on Wednesday made their case for the six-year pause on new lobstering regulations. If approved, money for developing new fishing practices could start flowing this spring.
Posted inBusiness, Nation & World, News
U.S. home sales fell in November for 10th consecutive month
Home prices continued to rise last month, though at a far smaller rate than just a few months ago.
Posted inBusiness, Food
The Wrap: Trudy Bird’s opens in North Yarmouth
Also, Rosemont Market to close its Thompson’s Point wine bar, Maine Coast Fishermen’s Association again donates monkfish stew for a Midcoast Christmas Eve meal, and restaurant options galore for special holiday dinners.