Stocks gave up an early rally and ended lower on Wall Street, marking their third losing week in a row.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness
Starbucks names former PepsiCo executive as new CEO
Laxman Narasimhan will join Starbucks on Oct. 1 and assume the CEO role in April 2023.
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Posted inBusiness, Maine, News, Uncategorized
For Portland’s new bike-share program, a smooth ride so far
So far, 376 people have taken advantage of the new city bike program.
Posted inBusiness, Nation & World, News
IRS mistakenly published some taxpayers’ confidential data
The IRS accidentally posted data from a tax form used by both individuals and tax-exempt organizations.
Posted inBusiness, Maine, News
Some power restored at Franklin Towers apartments
The Portland Housing Authority said it expects permanent repairs, restoring full electricity to floors 7-16, to be completed in a week.
Posted inBusiness, Maine, News
Travel rebound expected for Labor Day weekend
The Maine Turnpike may break traffic records set three years ago as low gas prices bring travelers back to the state.
Posted inBusiness, Maine, News
Bed Bath & Beyond to close many stores as sales decline
The home-goods chain plans to lay off some of its workforce and shutter 150 stores nationwide, and it’s not yet clear if any of Maine’s four branches will be affected.
Posted inBusiness, Nation & World, News
U.S. OKs $1 billion arms sale to Taiwan as tensions rise with China
The State Department said the equipment is necessary for Taiwan to ‘maintain a sufficient self-defense capability.’
Posted inBusiness, Maine
3,200 skiers per hour: Sunday River to debut 8-person chairlift
Improvements to Kansas trail among upgrades for 2022-2023 season.
Posted inBusiness, Maine, News
Rockland to consider end to non-owner occupied short-term rentals in residential zones
In 2018 the city council imposed a temporary cap of 45 on non-owner-occupied short-term rentals, and the cap still stands.