Business - Portland Press Herald

U.S. pledges $401 million for high-speed internet in rural places

by KEN RITTER Associated Press July 29, 2022

Farmers, store owners, schoolchildren and people seeking telehealth medical checkups are expected to benefit from the programs.

Business, Maine

Ironman 70.3 competition in Augusta expected to be economic boon for central Maine

by Jessica Lowell July 28, 2022July 28, 2022

Although the figures will not be tallied until after Sunday’s event, estimates are that the half-triathlon will generate between $8 million and $10 million in direct and indirect spending in the capital region.

Business, Nation & World, News, Politics

Biden calls inflation-fighting deal with Sen. Manchin ‘godsend’ for U.S. families

by LISA MASCARO and ALAN FRAM Associated Press July 28, 2022July 28, 2022

A 15% corporate minimum tax will help fund the new costs, with extra going to deficit reduction.

Arts & Entertainment, Business, Maine

Portland House of Music sold to Colorado buyer

by Ray Routhier July 28, 2022July 28, 2022

New owner Patrick Calabro isn’t planning major changes, but he would like to bring in more national acts.

Business, Maine

DEP says Maine is ahead of schedule to meet climate change goal

by Randy Billings July 28, 2022July 28, 2022

A Department of Environmental Protection report says Maine’s greenhouse gas emissions in 2019 were 25% lower than levels measured in 1990, surpassing the medium-term goal of a 10% reduction by 2020.

Business, Nation & World, News

JetBlue agrees to buy Spirit for $3.8 billion after Frontier merger fails

by DAVID KOENIG and MICHELLE CHAPMAN AP Business Writers July 28, 2022July 28, 2022

JetBlue has agreed to buy Spirit Airlines a day after Spirit and Frontier Airlines agreed to abandon their merger proposal.

Business, Nation & World, News

U.S. economy shrank 0.9% last quarter, its 2nd straight drop

by PAUL WISEMAN AP Economics Writer July 28, 2022July 28, 2022

The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation may be approaching a recession.

Business, People on the Move

Ray Steen joins Bath Iron Works as VP of human resources

by Staff Report July 28, 2022January 8, 2026

NEW HIRES Jonathan Crasnick has joined Atlantic Federal Credit Union. Crasnick, of Scarborough, has more than 15 years of experience in commercial real estate lending and development. CWS Architecture + Interior Design has hired Christopher McDonald as project manager. McDonald brings more than 35 years of experience with architectural and structural drafting and design to […]