NEW HIRES Bobby Papazian has joined the Portland law firm of Curtis Thaxter, where his practice focuses on commercial law, health care and employment, and civil litigation. Previously, Papazian practiced at an international law firm in New York and served as a law clerk in the 3rd U.S. Circuit Court of Appeals. He also clerked […]
Business
Business news and information from the Portland Press Herald.
Posted inBusiness
Once-aspirational luxury shoppers turn into penny pinchers
The spending pullback signals an end to the U.S. luxury industry’s unprecedented pace of growth during the past two years.
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Posted inBusiness
U.S. plan to tap businesses for green finance meets resistance
Climate experts said the plan, unveiled Wednesday by U.S. envoy John Kerry at the COP27 climate summit, would give polluters a license to keep polluting.
Posted inBusiness
Cryptocurrencies plunge as Binance scraps deal for rival FTX
Bitcoin sank to a two-year low after Binance confirmed earlier rumors and news reports that it was ready to back out of the FTX deal.
Posted inBusiness, Nation & World, News
Elon Musk sells $3.95 billion worth of Tesla stock
In all, Musk has sold more than $19 billion worth of Tesla stock since April, likely to fund his share of the Twitter purchase.
Posted inBusiness, Maine, News
Sleigh drivers wanted? Postal Service looks to staff up in time for holidays
A hiring event at a Portland post office highlighted the many open jobs there and across the region. The worker shortage could get more acute as the holidays approach.
Posted inBusiness, Nation & World, News
Musk lays out vision for Twitter in public meeting with advertisers
A coterie of large advertisers and marketing agencies have said they will slow down or pause spending on the site while they assess how Musk operates it.
Posted inBusiness, Nation & World, Uncategorized
Facebook parent Meta cuts 11,000 jobs, 13% of workforce
Facebook parent Meta is laying off 13% of its employees as it contends with faltering revenue and broader tech industry woes.
Posted inBusiness, Food
The Wrap: Cong Tu Bot debuts new menu, returns to indoor dining
Also, Portland Pie Company comes to Falmouth, Tally’s Kitchen opens a second location on Stevens Avenue, and a selection of Thanksgiving Day feasts at area restaurants.
Posted inBusiness, News
Wall Street rises ahead of election results, inflation data
Stocks are also moving on corporate profit reports, as earnings season enters its tail end.