President Joe Biden will head to a community college in Irvine, California, on Friday to meet with older Americans and tout his administration’s efforts to reduce inflation and drive down costs.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine, Nation & World
Kroger seeks to create grocery giant in $20 billion bid for Shaw’s parent
In New England, there are 127 Shaw’s stores, including 19 in Maine.
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Posted inBusiness, Maine
Wex laying off 150 employees worldwide as it prepares for ‘next phase of growth’
The Portland-based payment technology company said 30 of the job cuts are taking place in Maine.
Posted inBusiness, Nation & World, News, Uncategorized
IRS wants millions to claim child tax credit, stimulus funds
IRS Commissioner Chuck Rettig says many people who qualify for the tax benefits will need to file a 2021 federal income tax return to get the credit.
Posted inBusiness, Kennebec Journal, Maine, News
Two Augusta eateries to be wrapped into one
The owners of Wrapped Up have closed their sandwich shop near the Maine State House and plan to serve breakfast and lunch on Water Street after completing renovations to the Wrapped Up Coffee House in December.
Posted inBusiness, Nation & World, News
High air fares help Delta climb above fuel, payroll costs
The company’s $695 million in net income was down by nearly half from $1.2 billion reported by Delta for the third quarter of 2021.
Posted inArts & Entertainment, Business, Nation & World, News
How much Netflix’s new ad-supported plan will cost and what you get (and don’t)
The push into advertising comes years after Netflix resisted putting commercials on its programs.
Posted inBusiness, Nation & World, News
Stocks mount biggest comeback in years
The turnarounds are the biggest for each index since March 2020.
Posted inBusiness, Nation & World, News
New York attorney general asks for court oversight of Trump Organization
In a lawsuit filed last month, Attorney General Letitia James’ office accused Trump of habitually misleading banks and others about how much assets like his golf courses and other real estate were worth.
Posted inBusiness, Nation & World, News
Worsening inflation will pressure Fed to keep raising rates
Even with widespread price spikes, the September data showed that the prices for many physical goods, including clothing, used cars, furniture, and appliances, dropped last month.