The Portland-based payment technology company said 30 of the job cuts are taking place in Maine.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Nation & World, News, Uncategorized
IRS wants millions to claim child tax credit, stimulus funds
IRS Commissioner Chuck Rettig says many people who qualify for the tax benefits will need to file a 2021 federal income tax return to get the credit.
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High air fares help Delta climb above fuel, payroll costs
The company’s $695 million in net income was down by nearly half from $1.2 billion reported by Delta for the third quarter of 2021.
Posted inArts & Entertainment, Business, Nation & World, News
How much Netflix’s new ad-supported plan will cost and what you get (and don’t)
The push into advertising comes years after Netflix resisted putting commercials on its programs.
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Stocks mount biggest comeback in years
The turnarounds are the biggest for each index since March 2020.
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U.S. homes face longest streak of energy bill increases in decades
U.S. heating bills are poised to be even costlier, given signs of soaring oil and natural gas prices and cooling temperatures ahead of winter.
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New York attorney general asks for court oversight of Trump Organization
In a lawsuit filed last month, Attorney General Letitia James’ office accused Trump of habitually misleading banks and others about how much assets like his golf courses and other real estate were worth.
Posted inBusiness, Nation & World, News
Worsening inflation will pressure Fed to keep raising rates
Even with widespread price spikes, the September data showed that the prices for many physical goods, including clothing, used cars, furniture, and appliances, dropped last month.
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Ikea bows to inflation as furniture maker raises prices
Despite Ikea hitting another sales record, the uplift was mostly driven by price increases as the volume of goods sold was flat amid low availability following supply-chain problems.
Posted inBusiness, Nation & World, News
Average long-term U.S. mortgage rates up another quarter point
Mortgage buyer Freddie Mac reported Thursday that the average on the key 30-year rate climbed to 6.92% from 6.66% last week.