Twitter said there could be some restructuring and organization changes as it heads into a legal battle over the potential sale to Tesla CEO Elon Musk.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Nation & World
Democrats stress national security as computer chips bill hits Republican wall
The Biden administration warns that semiconductor manufacturers will take their business overseas if legislation boosting the industry doesn’t pass.
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Posted inBusiness, Nation & World, News
Origin of state lotteries: One company’s playbook succeeded, then spread
The lobbying and political activities of Scientific Games in the 1980s were key to the creation of many state lotteries, an investigative report finds.
Posted inBusiness
Stocks end lower as Wall Street braces for big hike in rates
Wednesday’s discouraging data showed that inflation is not only still very high, it’s getting worse.
Posted inBusiness, Uncategorized
With 207 area code endangered, Maine PUC probes T-Mobile’s numbering practices
At issue is whether the wireless phone company is tying up too many numbers.
Posted inBusiness, Nation & World
Why inflation is so high, and when it might ease
But relief from higher prices might be coming.
Posted inBusiness, Maine, Nation & World
Appeals court reaffirms seasonal ban on lobstering in effort to protect right whales
A federal court had issued a preliminary injunction to halt enforcement of rules that prohibited lobstering in a portion of the Gulf of Maine.
Posted inBusiness, Maine, News
Falling wholesale prices put squeeze on Maine lobstermen
Prices are about half what they were a year ago and lobstermen face higher costs for everything from fuel to rope, prompting some to cut back on how often they haul their traps.
Posted inBusiness, Food
The Wrap: New Asian restaurant coming to Congress Street; Latin fusion opens in Old Orchard Beach
Also, Chaval’s chefs are preparing a farm dinner in Bowdoinham, and the Maine Department of Marine Resources partners with local seafood businesses on seafood tower’ ‘lighthouses.’
Posted inBusiness, Nation & World, News
U.S. inflation surged again in June, raising risks for economy
Lower-income and Black and Hispanic Americans have been hit especially hard.