A federal court had issued a preliminary injunction to halt enforcement of rules that prohibited lobstering in a portion of the Gulf of Maine.
Business
Business news and information from the Portland Press Herald.
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.
advertisement
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.
Posted inBusiness, Nation & World, News
U.S., allies aim to cap Russian oil prices to hinder invasion
Leaders of the Group of Seven industrial nations have tentatively agreed to back a cap on the price of Russian oil, the main pillar of the Kremlin’s financial revenue.
Posted inBusiness, Nation & World, New England
Lawsuit: Rhode Island cleaning service fired woman because she was pregnant
The woman says she was asked about her pregnancy at an orientation for new hires and was then told she couldn’t keep the job because of its “physical demands.”
Posted inBusiness, News
Google CEO says company will slow hiring amid economic conditions
Google CEO Sundar Pichai told employees that the company will slow down its hiring in response to economic conditions.
Posted inBusiness, Nation & World
FBI warns of spike in rental and real estate scams
The FBI Boston office issued a warning Tuesday about a jump in scams connected to the rental and real estate markets.
Posted inBusiness, Nation & World, News
Twitter sues to force Musk to complete his $44 billion acquisition
Twitter says it has filed a lawsuit ‘to hold Elon Musk accountable to his contractual obligations.’
Posted inBusiness
High UAE gas prices stand out where cheap fuel was the norm
Dubai has benefited from an influx of wealthy Russians since the war on Ukraine, but the recent price surge in the tiny nation has shown the region isn’t immune to global market forces.