The administration also blacklisted a company that The Washington Post recently reported facilitated sales of U.S. technology to military institutes involved in China’s hypersonics and missile programs.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, People on the Move
Dan Clarke named president and CEO of Maine Family Federal Credit Union
NEW HIRES Maine Family Federal Credit Union, headquartered in Lewiston, has named Dan Clarke as its new president and chief executive officer. Clarke has been in the credit union industry since 1988 and has held a variety of roles, including president/CEO at what is now Maine Solutions Federal Credit Union. He most recently served as […]
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Posted inBusiness, Nation & World
Company holiday parties are back – but with some restraint
More than 57% of firms are planning in-person celebrations this year, a big leap from 26% in 2021 and 5% in 2020.
Posted inBusiness
Stocks stumble as central bank raises its key short-term rate
The U.S. will release its weekly report on unemployment benefits Thursday, along with retail sales data for November.
Posted inBusiness, Nation & World
GM recalls over 825,000 vehicles to fix daytime running lights
The recall covers certain 2020-23 models.
Posted inBusiness, News, Review
HarperCollins staffers are striking. Here’s why that matters to readers.
HarperCollins staffers plan to strike through the holidays, as management shows no intention to return to the bargaining table, say workers.
Posted inBusiness, Nation & World
Lawmakers grapple with sheer size of FTX’s missing billions
After Sam Bankman-Fried was charged with multiple financial crimes, the Senate Banking Committee considered proposals for tighter industry regulation.
Posted inBusiness, Maine, News
As storm nears, some Maine businesses watch for first snowflakes of winter
The predicted weather over the next few days could be an early Christmas gift for some snow-starved businesses in southern Maine. For others, it’s business as usual.
Posted inBusiness, Maine, Schools and Education
Roux Institute joins with hospital networks to boost health care tech start-ups
The program created in partnership with MaineHealth and Northern Light Health will provide residencies to entrepreneurs in health care tech.
Posted inBusiness, Nation & World, News
Fed raises key interest rate by half-point and signals more to come
Though lower than its previous three-quarter-point hikes, the latest move will further heighten the costs of many consumer and business loans and the risk of a recession.