Tuesday’s announcement would affect staff at the Maine-based company’s three coffeehouses in Portland.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine
Maine to receive $30,000 from mortgage processing snafu
ACI Payments mistakenly withdrew billons of dollars from mortgage holders during a software test.
advertisement
Posted inBusiness, Nation & World, News
U.S. economic data keep coming in stronger and defying forecasts
Robust consumer demand, in the aftermath of September data showing stubborn inflation and surging job growth, risks prompting the Federal Reserve to raise interest rates again.
Posted inBusiness, Nation & World, New England
Reese’s $25,000 promotion may violate sweepstakes laws
‘As with all of our promotions, we place great care and diligence to ensure they are compliant with all regulations,’ Hershey Co., that Pennsylvania candymaker that owns the Reese’s brand, said in a statement.
Posted inBusiness, Nation & World
Wall Street rises, and oil and gold fall as some of last week’s moves unwind
U.S. stocks rallied as some of last week’s moves driven by worries about war in the Middle East unwound.
Posted inBusiness, Maine, News
Canadian company makes 2nd bid for zinc mine near Katahdin
Wolfden Chase Mtn. LLC says that Pickett Mountain has the country’s largest undeveloped reserves of a type of ore that contains high-grade zinc and smaller but still commercially valuable amounts of copper, lead, silver and gold.
Posted inBusiness, Nation & World
Rite Aid seeks Chapter 11 bankruptcy protection as it deals with lawsuits and losses
Rite Aid Corp. said in its federal bankruptcy filing that it runs more than 2,000 stores.
Posted inBusiness, Maine
Maine’s PFAS law draws objections from businesses around the world
Complex supply chains and inconsistent reporting requirements are making it hard for manufacturers to identify whether their products contain forever chemicals.
Posted inBusiness, Nation & World, News
Supreme Court orders makers of gun parts to comply with Biden rules on ghost guns
The regulation changed the definition of a firearm under federal law to include unfinished parts, like the frame of a handgun or the receiver of a long gun, so they can be tracked more easily.
Posted inBusiness, Nation & World, News
REI cuts 275 retail jobs in bid to restructure brick-and-mortar stores
The layoffs affect 2% of the outdoor retailer’s workforce nationally.