Businesses in many industries remain desperate to hire because their customers have kept spending freely despite intensifying concerns about high inflation.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Lewiston-Auburn
Season of uncertainty for seasonal jobs and employers
While lifeguards are in short supply, local ice cream stands and mini golf centers are fully staffed.
advertisement
Posted inBusiness, Maine, News
Kennebec River dam owner dismisses state fish passage plan as counterproductive
Brookfield Renewable and the state disagree on a suitable solution to let endangered Atlantic salmon and other river-run fish pass the Shawmut Dam in Fairfield to reach spawning grounds in the Sandy River.
Posted inBusiness
Stocks shake off wobbly start, end higher
Trading is choppy as investors worry about inflation and the interest rate hikes the Fed is using to fight it.
Posted inBusiness, Maine
Chicago firm buys South Portland medical complex for $30 million
Remedy Medical Properties acquires the complex, which houses tenants including InterMed and MaineHealth, from real estate developer East Brown Cow.
Posted inBusiness
Last Howard Johnson’s restaurant closes in New York
HoJo’s were well known to baby boomers, who grew up on the restaurants’ 28 ice cream flavors and fried clam plates.
Posted inBusiness, Maine, News
After food truck furor boils over, city adds spots on Eastern Prom
After food truck operators and employees protested outside City Hall on Thursday morning, the city found a way to accommodate all applicants in the Cutter Street parking lot beginning June 15.
Posted inBusiness, Nation & World, News
Putin-linked elites, yachts, firms targeted for sanctions
The Treasury Department is targeting yachts, aircrafts, the firms that manage them, Kremlin officials and businessmen linked to Russian President Vladimir Putin in a new round of sanctions.
Posted inBusiness, Nation & World
Red-hot summer job market awaits U.S. teens
This is expected to be the best summer job market for teens in 15 years.
Posted inBusiness, Nation & World
Fewer Americans, including Mainers, apply for unemployment benefits last week
Last month, the government reported America’s employers added 428,000 jobs in April, leaving the unemployment rate at 3.6%.