Still, long-term inflation expectations hold at 3%.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness
Wall Street falls after choppy day of trading
The indexes close their first losing week in the last three.
advertisement
Posted inBusiness, Nation & World
Florida orange crop expected to drop 36% after twin hurricanes
The decline would make the 2022-23 season one of the lowest since World War II.
Posted inBusiness, Nation & World
Fight to curb food waste increasingly turns to science
Experts say growing awareness of the problem and its incredible cost – in dollars and environmental impact – has led to an uptick in efforts to mitigate it.
Posted inBusiness
Penguin Random House CEO stepping down
Markus Dohle will remain with the company in an advisory capacity.
Posted inBusiness, Maine, News
State’s public advocate seeks $75 electricity credit for low-income Mainers
The request comes ahead of rate hikes for customers of Central Maine Power Co. and Versant Power that go into effect next month.
Posted inBusiness, News
Idexx founder David Shaw, Goldie Hawn team up on children’s mental health
A program funded by Shaw and the Hollywood star’s foundation will provide curriculum and training for Maine teachers, to help students regulate their emotions and reduce depression.
Posted inBusiness, Nation & World, News
Kansas oil spill – 14,000 barrels – biggest in Keystone history
Zack Pistora, a lobbyist for the Sierra Club in Kansas, noted the spill in his state was larger than all of the 22 previous spills combined on the Keystone pipeline.
Posted inBusiness, Nation & World, News
Wholesale inflation in U.S. slowed in November to 7.4%
It is the fifth straight slowdown and a hopeful sign that inflation pressures across the economy are continuing to cool.
Posted inBusiness, Nation & World
Oil spill in rural Kansas creek shuts down Keystone pipeline
Oil prices briefly surged midday Thursday amid news of the spill.