OPEC has thus far taken the stance that it can’t supply more oil to make up for production lost due to sanctions against Russia.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, People on the Move
Scott Cammarn joins Pierce Atwood as senior counsel
NEW HIRES Scott Cammarn has joined law firm Pierce Atwood as senior counsel in its Portland office. Cammarn’s practice focuses on regulatory matters, mergers and acquisitions, legislation and transactions. He was previously a partner with law firm Cadwalader, Wickersham & Taft LLP. Steve Reeves has joined Portland wealth management firm HeadInvest LLC as director of […]
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Posted inArts & Entertainment, Business, Nation & World
Elvis-themed wedding chapel’s message to licensing company: Don’t be cruel
Last month, the firm that controls the Elvis brand sent cease-and-desist letters to multiple Elvis-themed chapels in Las Vegas, ordering them to stop using The King’s likeness in ceremonies.
Posted inBusiness, News
Elon Musk tells Tesla, SpaceX workers to go back to office or go away
In an email, Elon Musk told employees that they must be in the office a minimum of 40 hours per week.
Posted inBusiness
Stocks slide as strong economic data raises rate worries
Daily market swings are now routine on Wall Street.
Posted inBusiness, Nation & World
Complaint: McDonald’s intentionally sold Muslim family bacon
The fish sandwich not only had bacon on it, but appeared to have extra bacon, the complaint says.
Posted inBusiness
Sheryl Sandberg, longtime No. 2 executive at Facebook, stepping down
She was responsible for nurturing the socail media giant from its infancy into an over $100 billion-a-year powerhouse.
Posted inBusiness, Maine
Former Hallowell pub owner gets jail time for sales tax evasion
Augusta resident Krystal Lavallee, who operated Brews & Views in Hallowell, was sentenced to 45 days in jail and ordered to pay $30,700 in restitution.
Posted inBusiness
U.S. job openings decline from record while remaining elevated
The report is seen by Fed officials as a sign the economy can take higher interest rates without a jump in unemployment.
Posted inBusiness, Nation & World
Biden cites strain on families from infant formula shortage
A third round of shipments will begin next week from Kendamil in Britain and Bubs Australia.