Also, a new bakery opening in the West End will offer pay-forward options, Definitive Brewing opens a beer garden in Old Orchard Beach and Dover-Foxcroft celebrates a new bar and lounge.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness
‘Silicon Heartland’ boon for Ohio, but families mourn homes
Those who have called rural land home for generations are lamenting the loss of their property to a massive development project.
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Posted inBusiness
Instagram hides some posts that mention abortion
In some cases, it’s requiring users to confirm their age before letting them view posts offering information about the procedure.
Posted inBusiness, Maine, News
Whale entanglements drop, but remain major threat, government reports
Four of the 53 whales entangled in 2020 were North Atlantic right whales, which are in the midst of population decline due to recent years of high mortality and poor reproduction.
Posted inBusiness
Stocks slide on Wall Street as inflation worries persist
The indexes got off to a solid start on Tuesday, but gains faded by midday on consumer confidence news.
Posted inBusiness
U.S. consumer confidence slumps to lowest level in 16 months
Persistent inflation and rising interest rates have Americans as pessimistic as they’ve been about the future in almost a decade.
Posted inBusiness, Maine, News
America’s scallop harvest projected to decline again in 2022
Federal regulators, who are set to discuss the fishery at a meeting in Portland on Thursday, have said the scallop population in the Atlantic Ocean is healthy, but the mass of scallops has declined from record high levels of several years ago.
Posted inBusiness, Nation & World, News
G-7 leaders unite behind Ukraine, take aim at Kremlin oil money
The final statement from the Group of Seven summit in Germany underlined their intent to impose ‘severe and immediate economic costs’ on Russia.
Posted inBusiness, Nation & World
Company buying Trump’s social media app faces subpoenas
Shares of Digital World Acquisition Corp. drop almost 10 percent.
Posted inBusiness, Nation & World
Credit Suisse fined over $2 million for facilitating cocaine cash laundering
The bank is also on the hook for a compensatory claim of more than $19 million.