The 1st U.S. Circuit Court of Appeals upholds a lower court ruling that Maine’s residency requirements are unconstitutional.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Maine, News
Maine’s unemployment rate heads toward record low
The state’s jobless rate hits the lowest point since the start of the pandemic and nears record lows set three years ago.
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Posted inBusiness, Maine
Maine’s right-to-repair initiative would likely face legal challenge
The effort is based on a law Massachusetts voters passed in 2020 but has yet to be implemented because of a lawsuit filed by the auto industry.
Posted inBusiness, Nation & World
Student, 20, makes $110 million trading meme stock Bed Bath & Beyond
Jake Freeman had amassed a 6.2% stake in the struggling housewares chain before the share price skyrocketed.
Posted inBusiness, Nation & World, News
Apple warns of security flaw for iPhones, iPads and Macs
Apple disclosed serious security vulnerabilities Wednesday for iPhones, iPads and Macs.
Posted inBusiness, Nation & World
Starbucks must offer to rehire fired activists, judge rules
Starbucks, which has denied wrongdoing, said it planned to appeal and would ask that the ruling be put on hold in the meantime.
Posted inBusiness
Federal study: New climate law to slice carbon pollution 40%
The first official federal calculations of the new spending package show it will slice America’s carbon pollution by more than 1 billion tons by the end of the decade.
Posted inBusiness, Nation & World
Stars Coffee, anyone? Starbucks successor opening in Russia
Russian fans of Starbucks coffee shops are getting the chance to see if a homegrown successor can measure up.
Posted inBusiness
Climate bill’s unlikely beneficiary: U.S. oil and gas industry
While the Inflation Reduction Act concentrates on clean energy incentives that could drastically reduce overall U.S. emissions, it also buoys oil and gas interests by mandating leasing of vast areas of public lands and off the nation’s coasts.
Posted inBusiness, Nation & World
Stocks end higher on Wall Street after more choppy trading
The choppy trading for stocks follows a four-week winning streak for the S&P 500.