Credit card balances increased $46 billion in the second quarter, a 5.5% increase from the first quarter, and there was also an uptick in new credit card accounts.
Business
Business news and information from the Portland Press Herald.
Posted inArts & Entertainment, Books, Business, Nation & World
Stephen King testifies for government in book publishers’ antitrust trial
The bestselling author’s appearance in U.S. District Court in Washington brought a narrative of the evolution of book publishing toward the dominance of the Big Five companies.
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Posted inBusiness, Uncategorized
USDA getting tougher on salmonella in chicken products
Proposed regulations would force food processors to reduce the amount of salmonella bacteria found in some raw chicken products or risk shutdowns.
Posted inBusiness, Uncategorized
Stocks slide to start August after best month since 2020
Stocks are closing slightly lower on Wall Street Monday as investors began another busy week of earnings and economic reports.
Posted inBusiness, Maine
MaineHealth-Anthem talks show some progress
The state’s largest health care provider says it will pull Maine Medical Center out of Anthem’s insurance network if the two can’t resolve their financial dispute.
Posted inBusiness, Maine
YMCA will close Pineland Branch in September
Leaders of the YMCA of Southern Maine say branch memberships dropped by more than two-thirds during the pandemic.
Posted inArts & Entertainment, Books, Business, Nation & World
Stephen King is star witness as government tries to block publishing giants’ merger
The Justice Department argues that the merger would shrink competition and, inevitably, the vital public discourse that books help engender.
Posted inBusiness
Longtime Maine-based commercial banker announces retirement
Raymond “Chip” Kelly, KeyBank Maine market president, plans to retire in November after a more than 37-year career, 30 of which have been spent in Maine.
Posted inBusiness, Maine Cannabis Report
Effort to put cannabis question before Missouri voters goes down to the wire
After years of failing to convince state lawmakers to make pot products legal for recreational use, a coalition of medical marijuana companies is spending millions on a ballot initiative.
Posted inBusiness, Maine Cannabis Report, Nation & World
Colorado regulators won’t sanction job-seekers with out-of-state cannabis convictions
State agencies also won’t cooperate in any out-of-state investigations into lawful marijuana conduct that occurs in Colorado.