Data shows job switchers have had better success getting raises, but it hasn’t solved other issues.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Maine
State board to take up power line permit appeal in mid-July
The Maine Board of Environmental Protection rescheduled the meetings, originally set for this month, because of COVID-19 concerns.
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Posted inBusiness, New England
Rhode Island AG withdraws objection to utility deal
The state’s main electricity and gas provider will be sold to a Pennsylvania-based corporation.
Posted inBusiness, Nation & World
U.S. Treasury set to push Russia closer to default
Should Russia’s creditors declare a default, the work-out would likely be lengthy and could involve the courts.
Posted inBusiness, Nation & World
After 3 months of war, life in Russia has profoundly changed
Three months after the Feb. 24 invasion, many ordinary Russians are reeling from blows to their livelihoods and emotions.
Posted inBusiness, Nation & World
Facebook, Instagram to reveal more on how ads target users
Meta, the parent company of Facebook and Instagram, said it will start publicly providing more details about the demographics and interests of audiences who are targeted with political ads.
Posted inBusiness
Amazon will sublease warehouses as online shopping slows
The e-commerce giant doubled the size of its operations during the pandemic.
Posted inBusiness
Starbucks leaving Russian market, shutting 130 stores
The company will continue to pay its nearly 2,000 employees for six months and help them transition to new jobs.
Posted inBusiness, New England
Company fined $27,000 after Vermont zip line death
The Stowe Mountain Resort employee was traveling over 80 mph when he hit the platform.
Posted inBusiness
Wall Street ends higher after 7 straight weeks of losses
The benchmark S&P 500 is coming off its longest weekly losing streak since the dot-com bubble was deflating in 2001.