Holmes, who was CEO throughout the company’s turbulent 15-year history, was convicted in January of the scheme.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Nation & World, News
Stocks end higher on Wall Street but still fall for the week
Stocks ended higher on Wall Street but still wound up with weekly losses after several days of bumpy trading.
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Climate conference serves up lab-grown meat – and a clash over food
It was just one solution for reducing the food industry’s immense carbon footprint being promoted this week at the U.N. Climate Change Conference.
Posted inBusiness, Maine, News
Lobster fishing rules to protect right whales will be delayed 2 years, judge says
Lobstermen are relieved that new, stricter rules to protect endangered North Atlantic right whales will be delayed until 2024, giving regulators more time to address the concerns of fishermen and environmentalists.
Posted inBusiness, Maine, News
Twitter risks crashing as hundreds of engineers, workers exit over Musk upheaval
The newest departures mean the platform is losing workers just at it is gears up for the 2022 FIFA World Cup, which opens Sunday. It’s one of Twitter’s busiest events, when tweet surges heavily stress its systems.
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Twitter is in chaos. Here are some ways to protect your account.
There are already signs that the exodus of hundreds of employees is stressing the system.
Posted inBusiness, Nation & World, News
Foot Locker soars as sneaker demand holds up against inflation
The company is in the process of revamping its assortment of merchandise as Nike Inc. shifts its products away from retailers.
Posted inBusiness, Nation & World, News
Hundreds said to have opted to leave Twitter over Musk ultimatum
The number of likely departures prompted new owner Elon Musk to ease his return-to-office edict and managers to meet to decide which engineers to ask back.
Posted inBusiness, Nation & World, News
Stocks fall as Fed signals rates need to go still higher
The Fed has been raising rates aggressively in order to tame inflation by applying the brakes to the economy.
Posted inBusiness, Nation & World, News, Politics
Senators ask Federal Trade Commission to probe Twitter security
They also asked Lina Khan, head of the FTC, to take action if needed against Twitter and company executives for “any breaches or business practices that are unfair or deceptive.”