The company, which has struggled to absorb Family Dollar since acquiring that chain in 2015, declined to say whether any of its 87 stores in Maine will be closed.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, Politics
House passes bill that could lead to TikTok ban, but path in Senate is unclear
President Biden has said if Congress passes the measure, he will sign it.
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Posted inBusiness, Nation & World, News
U.S. inflation ticks up again in latest sign that price pressures remain elevated
Despite February’s elevated figures, most economists expect inflation to continue slowly declining this year.
Posted inBusiness, Maine, News
New managers of Freeport shopping center see opportunity to add restaurants, breweries
The investors who have been behind Freeport Village Station since it opened in 2009 have hired a Boston-based real estate management group to oversee the large downtown shopping center after they purchased the property for $20 million.
Posted inBusiness, Maine, Politics
Maine may tax Netflix and other streaming subscriptions
A $20 a month subscription fee would have $1.10 in tax added to it. Half of U.S. states are already applying a similar tax on subscriptions to Spotify, Hulu, Amazon Prime and more.
Posted inBusiness, Maine, Politics
Legislators want final say over Maine’s electric vehicle rules
Democratic leaders and a group of Republicans seek to shift oversight of Maine’s clean car standards from a citizen board to state lawmakers.
Posted inBusiness, Nation & World, News
Equal education, unequal pay: Why is there still a gender pay gap in 2024?
Not even education can close the pay gap that persists between women and men, according to a recent U.S. Census Bureau report.
Posted inBusiness, Nation & World
In New York City, heat pumps that fit in apartment windows promise big emissions cuts
Heat pumps have been mainly an option for owners of houses. But new designs are making them practical for apartments, too.
Posted inBusiness, Nation & World
Most teens report feeling happy or peaceful when they go without smartphones, Pew survey finds
Nearly all U.S. teens (95%) have access to a smartphone, according to a new report from the Pew Research Center.
Posted inBusiness, Nation & World
Choice Hotels abandons $8 billion hostile takeover attempt of rival chain Wyndham
In October Wyndham rejected an unsolicited $8 billion buyout offer from Choice. Wyndham runs Days Inn, La Quinta, Ramada and a host of other brands.