The company will continue to pay its nearly 2,000 employees for six months and help them transition to new jobs.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness
Amazon will sublease warehouses as online shopping slows
The e-commerce giant doubled the size of its operations during the pandemic.
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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, Nation & World, News
Zelensky urges ‘maximum’ sanctions against Russia
He also pushed for the complete withdrawal of foreign companies from Russia to prevent supporting its war and said Ukraine needs at least $5 billion in funding per month.
Posted inBusiness, Health, Maine Cannabis Report
Marijuana labeling system ‘not an effective or safe way’ to detail what’s inside the products, study finds
Researchers say the common practice of just describing the effect of different strains obscures the diversity of chemicals and that a standard ‘weed labeling system’ is needed.
Posted inBusiness, Nation & World
78,000 pounds of infant formula arrives in U.S.
Sunday’s flight brought 15 percent of the specialty medical grade formula needed in the U.S., a White House official says.
Posted inBusiness
Consumers defy inflation to support economy. For how long?
Consumers as a whole are showing surprising resilience, not only sustaining their spending but increasing it even after adjusting for inflation.