Oil prices briefly surged midday Thursday amid news of the spill.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Nation & World, News
Stocks rise on Wall Street, but remain lower for the week
Major indexes are all in the red for the week and have been swinging between big monthly gains and losses throughout the year.
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Posted inBusiness
Yellen, Malerba become 1st female pair to sign U.S. currency
Signatures of Treasury Secretary Janet Yellen and U.S. Treasurer Lynn Malerba appear side by side on newly minted notes that will go into circulation next year.
Posted inBusiness, Nation & World
Airlines are finally admitting contrails are an environmental problem
Contrails present a new challenge, one outside of the traditional carbon emissions focus.
Posted inBusiness, Nation & World, News
FTC sues to block Microsoft-Activision Blizzard merger
The Federal Trade Commission voted 3-1 to issue the complaint after a closed-door meeting, with the three Democratic commissioners voting in favor and the sole Republican voting against.
Posted inBusiness, Nation & World, News
Biden releasing nearly $36 billion to aid pensions of union workers
The retirement plan has participants in almost every state, with the largest concentration in the Midwest.
Posted inBusiness, Nation & World, News
The Federal Reserve is deflating financial bubbles, without a crash
Fed policymakers have long shied away from using monetary policy to address asset bubbles, saying interest-rate hikes are too blunt a tool for such a mission.
Posted inBusiness, Nation & World, News
Hundreds of New York Times employees picket offices during 24-hour strike
Reporters, editors, photographers and other employees go on strike after marathon negotiations broke off Wednesday evening.
Posted inBusiness
Two women sue Twitter alleging discriminatory layoffs
The lawsuit alleges that 57% of female employees were laid off, compared to less than half of men.
Posted inBusiness, Nation & World, News, Uncategorized
Former Theranos executive gets nearly 13 years
After years of promoting the technology, ex-CEO Elizabeth Holmes and Balwani were warned that the blood tests were inaccurate, but they continued to raise money from investors.