Business - Portland Press Herald

U.S. Department of Labor says Maine restaurant operator violated federal labor laws

by Dennis Hoey October 31, 2022November 1, 2022

The department says it recovered $102,000 in tips, back wages and damages for 25 workers at restaurants in South Portland, Brunswick and Gorham.

Business, Nation & World, News

Key issue as Fed meets this week: When to slow rate hikes?

by CHRISTOPHER RUGABER Associated Press October 31, 2022October 31, 2022

Fed officials have stressed that they need to raise rates significantly to tame inflation, which has caused hardships for millions of households.

Business, Maine, News

Maine Supreme Judicial Court may reconsider a legal protection against home foreclosure

by Edward D. Murphy October 31, 2022October 31, 2022

The court could overturn previous rulings that barred mortgage companies from refiling cases in which they failed to present proper evidence.

Business, Nation & World, News, Politics

Biden paints oil firms as war profiteers, talks windfall tax

by ZEKE MILLER and SEUNG MIN KIM Associated Press October 31, 2022October 31, 2022

High prices at the pump have exacerbated inflation and have taken a toll on Biden and Democrats’ standing among voters.

Business, Nation & World, News

$1 billion Powerball jackpot up for grabs Monday night

by MARGERY A. BECK Associated Press October 31, 2022October 31, 2022

It’s the fifth-largest lottery jackpot in U.S. history.

Business, Nation & World, News

Musk considers charging users for Twitter verification, fires entire board

by MATT O'BRIEN and BARBARA ORTUTAY Associated Press October 31, 2022October 31, 2022

Billionaire Saudi Prince Alwaleed bin Talal said he and his Kingdom Holding Company rolled over a combined $1.89 billion in existing Twitter shares, making them the company’s largest shareholder after billionaire Elon Musk.

Business, Nation & World, News, Politics

Republican candidates seize on voter hesitancy to attack EVs as costly to U.S.

by HOPE YEN and MATTHEW DALY Associated Press October 31, 2022October 31, 2022

More than two-thirds of Americans say they are unlikely to purchase an electric vehicle in the next three years, according to a new poll by the Associated Press-NORC Center for Public Affairs Research.

Business, Nation & World, News

Wheat surges as Russia warns on ship safety after ditching deal

by Megan Durisin, Áine Quinn and Daryna Krasnolutska Bloomberg October 31, 2022October 31, 2022

Ukraine is one of the world’s biggest suppliers of wheat, corn and vegetable oil, and the July pact to open three Black Sea ports has been vital to help alleviate a global food crisis.