Sales are down 3% for the year after the company made a bid for inclusion, then backpedaled.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, News
New air carrier will let you skip the line at the Portland jetport
‘Semi-private’ jet service JSX touches down in Maine next month with perks that include slimmed-down security screening and plane-side baggage pickup. But fares can be high.
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Posted inBusiness
More U.S. job offers include retirement benefits, student loan help to lure workers
Many companies are ‘expanding their benefits offerings’ amid high employee turnover.
Posted inBusiness
Wendy’s turns to AI-powered chatbots for drive-through orders
The chain declined to comment on how the technology might reduce the need for employees.
Posted inBusiness
Disney updates lawsuit against DeSantis to add new events
Disney has amended its free speech lawsuit against Gov. Ron DeSantis to add recent developments in the tit-for-tat fight between the entertainment giant and the Florida governor
Posted inBusiness
Disney parks at the forefront after Iger’s return
Six months after canceling his retirement and stepping back into the top role at Disney, Bob Iger is focused on reconnecting with the Disney theme park die-hards and restoring their faith in the brand.
Posted inBusiness
Facebook has 3 billion users. Many of them are old.
The social media platform born before the iPhone finds itself in a battle for relevancy, and its future, after two decades of existence.
Posted inBusiness
Banks report tougher credit standards in wake of failures
Tighter credit standards are expected to be followed by a reduction in lending. That could force businesses to pull back on expansion plans and reduce hiring, and could limit sales of cars and homes.
Posted inBusiness
Lawsuit: Yellen should ignore ‘unconstitutional’ debt limit
If the debt ceiling is not raised, the debt limit law would require Treasury Secretary Janet Yellen and President Biden to make payment decisions that would violate the Constitution, the lawsuit by a government employees’ union argues.
Posted inBusiness, Maine, News
Maine lobstermen facing another rule that may affect their catch
A new rule could limit the minimum size of lobsters that can be legally harvested. Fishermen say the specifics would mean crossing 1-pound lobsters off the menu.