Several employees were terminated in June over an open letter, which called Musk’s behavior ‘a frequent source of distraction and embarrassment for us.’
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Nation & World, News
Thanksgiving feast will cost 20% more this year as stuffing breaks the bank
The biggest bump is for stuffing, up 69%, due to the Russian invasion of Ukraine causing a shortage of flour.
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Posted inBusiness, Nation & World, News
Average long-term U.S. mortgage rates tumble to 6.61%
The rate for a 15-year mortgage, popular with those refinancing their homes, fell to 5.98% from 6.38% last week. It was 2.39% one year ago.
Posted inBusiness, Nation & World, News
Russia-Ukraine grain deal extended for 4 more months, helping ease global shortage
The original deal was signed by Ukraine and Russia during separate agreements with the U.N. and Turkey on July 22 and due to expire Saturday.
Posted inBusiness, Maine, News
Biddeford Starbucks workers join nationwide ‘Red Cup Rebellion’ strike
Striking workers are demanding Starbucks fully staff union stores and bargain in good faith.
Posted inBusiness, People on the Move
Krista Simonis to lead governmental affairs at Maine Credit Union League
NEW HIRES The Maine Credit Union League has hired Krista Simonis as its new director of governmental affairs. Simonis will lead efforts to advance the League’s legislative, political and advocacy agendas in both Augusta and Washington, D.C. She began her political career with a lobbying firm in California after earning a bachelor’s degree in political […]
Posted inBusiness
House panel to hold hearing on crypto exchange FTX collapse
FTX filed for bankruptcy protection last week, leaving investors and customers staring at losses that could total in the billions of dollars.
Posted inBusiness
Rising food costs take a bite out of Thanksgiving dinner
Americans are bracing for a costly Thanksgiving this year, with double-digit percent increases in the price of turkey, potatoes, stuffing, canned pumpkin and other staples.
Posted inBusiness, Food, Maine, News
Maine lobsters to lose another sustainability label over threat to whales
The Maine lobster catch has carried the Marine Stewardship Council’s blue-and-white ‘eco-label’ for years, but a legal case will result in the certification being suspended.
Posted inBusiness
Key Fed official says he’s open to slowing hikes in December
Christopher Waller and some other Federal Reserve officials have suggested that the central bank will likely slow the pace of its interest rate hikes beginning in December.