But the Norwegian-funded company isn’t giving up, and hopes to open talks with the state about a new proposal.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness
Grim news from Walmart sends U.S. markets lower
The sell-off comes ahead of the Federal Reserve’s latest interest rate policy statement on Wednesday.
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Posted inBusiness, Nation & World
Volkswagen starts electric vehicle assembly in Tennessee
The Chattanooga plant currently employs more than 4,000 people.
Posted inBusiness
Visa’s profits jump 32% as consumers start traveling again
The company earns a small fee from every transaction that crosses its network, depending on the type of transaction and the merchant who used it.
Posted inBusiness, Nation & World
Biden fights talk of recession as key economic report looms
The Commerce Department on Thursday will release new gross domestic product figures.
Posted inBusiness, Nation & World
Oil-funded Rockefeller Foundation focuses on fight for climate change
It plans to take a year to study where it can make the most impactful partnerships and investments.
Posted inBusiness, Nation & World
TBS cancels Samantha Bee’s ‘Full Frontal’ after seven seasons
She is among the few women to gain a weekly foothold in the realm long dominated by male hosts.
Posted inBusiness, Maine
Maine Public Utilities Commission approves new performance standards for electric companies
The action is meant to increase accountability for customer service at Central Maine Power and Versant Power.
Posted inBusiness, Food, Nation & World
Choco Tacos fall victim to ‘tough decisions,’ and some fans have meltdown
The Klondike treat is a waffle cone filled with fudge-swirled ice cream and dipped in chocolate and peanuts.
Posted inBusiness, Maine, News
Neighborhood redemption centers becoming less common as their numbers decline
Dozens of the centers have closed over the last two years in Maine, a reflection of the difficulty in finding workers and also rising costs that nibble away at razor-thin profit margins.