AAA says the nationwide average for regular on Thursday was $4.97 a gallon, up a quarter in just the last week and $1.90 more than drivers were paying a year ago.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Nation & World
More Americans, including Mainers, applied for jobless benefits last week
Applications for unemployment benefits rose by 27,000 to 229,000, the most since mid-January, but the total number of Americans collecting unemployment remains at a five-decade low.
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Posted inBusiness
WMTW hires investigative journalist Jon Chrisos as new evening anchor
NEW HIRES Channel 8 WMTW has hired national award-winning anchor and investigative journalist Jon Chrisos as its new evening anchor. Viewers will see him with anchors Meghan Torjussen, Allison Ross, Roger Griswold and Travis Lee on weeknights. Chrisos brings nearly two decades of experience as a broadcast journalist. Meteorologist Colleen Hurley also has joined Channel […]
Posted inBusiness, Maine
Rent cap comes as relief to tenants in Redbank Village
The move is designed to protect tenants at Redbank Village and other renters facing steep rent hikes because of the region’s housing affordability crisis.
Posted inBusiness, Nation & World, News, Politics
‘Great resignation’ reaches White House with staff turnover
Not even the White House is immune from the economic trend that’s been called the ‘great resignation’ as employers struggle to fill vacancies and workers jump to new jobs at record rates.
Posted inBusiness, News
Lisbon Town Council agrees to discuss placing limits on marijuana businesses
Christine Cain was appointed to the Town Council to fill a vacancy left by Cliff Miller.
Posted inBusiness, Nation & World
Stocks fall as choppy trading persists on Wall Street
The big concerns on Wall Street remain rising inflation and whether the Federal Reserve’s shift to aggressively raise interest rates will help temper the impact or possibly push the economy into a recession.
Posted inBusiness, Maine
Roux Institute campus plans still too big for some Portland neighbors
Critics say even a slimmed-down redevelopment of the B&M Baked Beans plant is too big and includes commercial development unnecessary for the high-tech graduate school and research center.
Posted inBusiness, Maine, Uncategorized
FocusMaine appoints biotech advocacy leader as new president
The industry-funded workforce development group has chosen Dana O’Brien, a longtime biotech advocate, who will start June 15.
Posted inBusiness, Nation & World
In reversal, Twitter plans to comply with Elon Musk’s demand for bot data
The billionaire has threatened to pull out of his $44 billion deal to buy Twitter unless the company provides access to data he says is necessary to evaluate the number of fake users on the platform.