The company would have just over 500 functioning locations left if the takeover succeeds.
u.s. economy
Posted inBusiness, Nation & World
Cooling economy in China erodes sales of some U.S. luxury brands
It’s a rude awakening for such designer brands as Louis Vuitton and Burberry that increasingly rely on Chinese customers who spend $90 billion a year on jewelry, clothes and other high-end goods.
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Posted inBusiness
Women making inroads in funeral industry once dominated by men
Females are being drawn in record numbers to the profession, but they still face barriers from skeptics who doubt they can do the job.
Posted inBusiness, Nation & World, Politics
Trump threatens to cut subsidies to GM after it announces 14,000 layoffs
It’s unclear what the federal government might actually do, and whether the president has the authority to act without congressional approval.
Posted inBusiness
Fed leaves key rate alone, but sees further hikes ahead
The next rate increase is expected in December.
Posted inBusiness, Nation & World
Trump administration restricts technology purchases by Chinese chip manufacturer
The U.S. will limit tech exports, saying the competitor could end up forcing American suppliers out of business.
Posted inBusiness, News
Hedging against Trump? Fed chair builds network of support on Capitol Hill
Top Republicans are supporting Jerome Powell, saying he is doing a good job with the economy in the face of increasing criticism from President Trump.
Posted inBusiness, Nation & World, News
Stocks surge, recovering some recent losses; Dow climbs 547
Strong earnings from major financial and health care companies propel stocks Tuesday.
Posted inMaine Voices, Op-Eds, Opinion
Maine Voices: Sobering new U.N. report validates climate science, economics
A price on carbon and an internationally coordinated and enforceable effort are surely the way forward.
Posted inBusiness, Nation & World
The scramble for seasonal workers has begun
The government says a record 6.9 million job openings are being advertised – more than the number of unemployed Americans.