It makes 11 consecutive months of annual sales declines of 20% or more.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News
America is barreling toward a summer of labor strikes
Even before the 100,000-plus actors joined in last week, both the number of strikes and workers on strike were up in the first half of this year, according to Bloomberg Law labor data.
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Posted inBusiness, Maine, News
Biden administration lauds new Maine law limiting rental application fees
The law signed last month puts a cap on how much landlords can charge tenants for background checks and other application screenings.
Posted inBusiness, Nation & World
White House is taking on corporate mergers, landlord junk fees and food prices
Wednesday’s announcements were discussed as part of President Biden’s meeting with the White House Competition Council.
Posted inBusiness
Wall Street climbs again to tack more onto its big rally for the year
Markets closed modestly higher following profit reports from a spate of banks and other big U.S. companies.
Posted inBusiness, Nation & World
Masks are out at In-N-Out after burger chain bans employees from wearing them in 5 states
Employees could face disciplinary action, including being fired, if they do not comply, a company memo says.
Posted inBusiness, Maine, News
Mills ‘reluctantly’ vetoes bill to improve pay, conditions for Maine farmworkers
The governor pledges to reestablish a stakeholder group with the goal of arriving at ‘a shared understanding of how to implement a minimum wage bill for farmworkers.’
Posted inBusiness
From compensating travelers to the pilot retirement age, Congress takes up aviation bill
The House is expected to vote this week on a bill that emerged from the transportation committee with bipartisan support.
Posted inBusiness
Americans bump up spending in June as inflation eases in a strong job market
Shoppers increased spending at electronic stores and online, but pulled back in grocery stores and gas stations.
Posted inBusiness, Nation & World
Top U.S. firms supplied equipment to keep Russian oil flowing after Ukraine invasion
Customs data show Russia imported 3,279 items from SLB in the year after the invasion, valued at almost $60 million.