The company, which for years lavished perks on some top executives, now stands accused of helping them avoid income taxes on those extras, including a Manhattan apartment and luxury cars.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Nation & World, News
As housing prices surge, rent control is back on the ballot nationwide
Supporters say rent control policies on the Nov. 8 ballot are the best short-term option to dampen rising rents and ensure vulnerable residents remain housed.
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Posted inBusiness, Nation & World, News
Job openings hit 10.7 million despite Fed attempts to cool economy
U.S. job openings rose unexpectedly in September, suggesting that the American labor market is not cooling as fast as the Federal Reserve hoped.
Posted inBusiness, News
Judge blocks Penguin Random House-Simon & Schuster merger
Opposing the merger includes one of Simon & Schuster’s signature writers, Stephen King.
Posted inBusiness, Maine, News
U.S. Department of Labor says Maine restaurant operator violated federal labor laws
The department says it recovered $102,000 in tips, back wages and damages for 25 workers at restaurants in South Portland, Brunswick and Gorham.
Posted inBusiness, Nation & World, News
Key issue as Fed meets this week: When to slow rate hikes?
Fed officials have stressed that they need to raise rates significantly to tame inflation, which has caused hardships for millions of households.
Posted inBusiness, Maine, News
Maine Supreme Judicial Court may reconsider a legal protection against home foreclosure
The court could overturn previous rulings that barred mortgage companies from refiling cases in which they failed to present proper evidence.
Posted inBusiness, Nation & World, News, Politics
Biden paints oil firms as war profiteers, talks windfall tax
High prices at the pump have exacerbated inflation and have taken a toll on Biden and Democrats’ standing among voters.
Posted inBusiness, Nation & World, News
$1 billion Powerball jackpot up for grabs Monday night
It’s the fifth-largest lottery jackpot in U.S. history.
Posted inBusiness, Nation & World, News
Musk considers charging users for Twitter verification, fires entire board
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.