A basket of roughly a dozen supply items showed a price increase of nearly 15% on average for this back-to-school season compared with a year ago as inflation squeezes all areas.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Food, Maine
Tortilla Flat closes Portland restaurant after 44 years
Former employees say staffing was a problem at the family-owned Tex-Mex restaurant on Forest Avenue.
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Posted inBusiness, Maine, News
`The worst-kept secret in Scarborough:’ Amazon is scouting for a warehouse
The giant internet retailer is looking for sites around Running Hill Road, near the Maine Mall and the Maine Turnpike.
Posted inBusiness, Food
The Wrap: Portland chef heads to New Orleans to compete in Great American Seafood Cook-Off
Also, Bread & Friends to start work on new Fore Street bakery and cafe, Crispy Gai throws brunch party with a star NOLA chef, and stew from Maine Coast Fishermen’s Association hits Hannaford supermarkets.
Posted inBusiness, Maine, Sports
Maine’s sports betting law going into effect, but you won’t be wagering anytime soon
Because of logistical hurdles, it will be at least until April – and likely far longer – before sports wagers will be placed in Maine.
Posted inBusiness, Nation & World
Stocks slip on Wall Street after another meandering day
Treasury yields climbed through the day as concerns calmed a bit that the first visit by a U.S. Speaker of the House to Taiwan in 25 years could spark conflict between the world’s two largest economies.
Posted inBusiness, News
Commission delays decision on changing minimum size of harvested lobsters
Regulators are investigating further the impact of the proposal on dealers and processors who import Canadian lobster.
Posted inBusiness, Nation & World, Politics
House panel subpoenas gunmaker for data on rifle sales
The gunmaker Smith & Wesson is facing new scrutiny from Congress, and its CEO refused to appear for a hearing on the firearms frequently used in mass shootings.
Posted inBusiness
Job openings eased in June, reflecting early signs of slowdown
Americans still quit at the same elevated rate as the last few months.
Posted inBusiness, Nation & World
Feds target U.S. companies caught in lucrative shark fin trade
Every year, the fins of as many as 73 million sharks are sliced from the backs of the majestic sea predators, their bleeding bodies sometimes dumped back into the ocean where they are left to die.