Manufacturers are quietly reducing container sizes without lowering prices, a practice that proliferates in times of high inflation.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Maine
Request for offshore wind power contract raises Maine ratepayer concerns
The proposed contract’s likely impact on Maine electricity customers is being shielded from public view, for now.
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Posted inBusiness, Food
The Wrap: A new low-alcohol nanobrewery opens this week in East Bayside
Plus, a new Italian bakery comes to Bath, Fish & Whistle opens in Biddeford and LearningWorks culinary students publish a cookbook.
Posted inBusiness, Maine
Roux Institute campus development plan scaled back after neighborhood outcry
The nonprofit developer of a high-tech education and entrepreneurial hub in Portland has cut the project’s size by more than 25% in reaction to residents’ concerns.
Posted inBusiness
Cruise liners try to rewrite climate rules despite vows
The massive ships produce more carbon dioxide on average than any other kind of ship due to their air conditioning, heated pools and other amenities.
Posted inBusiness, Maine
Maine launches incentive programs to boost state’s medical workforce
Gov. Janet Mills announces newly funded student loan repayment and scholarship programs for health care professions.
Posted inBusiness
World Bank dims outlook for global economy amid Russia war
The agency predicts just 3% global growth for 2023 and 2024.
Posted inBusiness, Nation & World
Black-white wealth gap getting worse, 160 years of U.S. data show
The report’s authors say that without policy intervention or other efforts to improve wealth-accumulating conditions of Black Americans, ‘wealth convergence is not only a distant scenario, but an impossible one.’
Posted inBusiness, Nation & World
U.S. watchdog warns unemployment benefits are at ‘high risk’ of fraud, abuse
The warning came amid new reports on challenges facing the country’s jobless aid programs.
Posted inBusiness, Maine
Winthrop nursing home placed on federal ‘special focus’ list
Two patients wandered out of the Heritage Rehabilitation and Living Center last year, and one was killed by a truck.