The collaboration is the company’s first with another retailer.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness
SEC questions Twitter on how it counts fake accounts
Elon Musk raised the issue as grounds to back out of a deal to buy the company for $44 billion.
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Posted inBusiness, Nation & World, News
Biden’s student loan forgiveness plan could help more than 40 million people
Borrowers who earn less than $125,000 a year, or families earning less than $250,000, would be eligible for the $10,000 loan forgiveness.
Posted inBusiness, Nation & World, News
Hyundai and Kia warn thousands of SUV owners about fire risk
The recall affects 245,000 Hyundai Palisades and 36,000 Kia Tellurides from the 2020-2022 model years.
Posted inBusiness, Food
The Wrap: New Latin American bar and restaurant opens in Old Port
Also, Bull Feeney’s is back in business after 2 years, lobster rolls at Red’s Eats are named the best in New England, a book bar comes to Portland and more.
Posted inBusiness, Nation & World, News
Macy’s, Nordstrom cut profit views along with inventories
Both retailers are suffering from an affliction plaguing most of their competitors: A glut of unsold inventory that they’re resorting to pricing at deep discounts to move.
Posted inBusiness, Maine
Inflation drives up demand at Maine food banks
State’s two biggest pantries say while demand is up, donations from stores are down.
Posted inBusiness
As Amazon grows, so does its eye on consumers
The e-commerce giant is moving into the health care sector following its buyout of One Medical and it plans to merge with iRobot, the maker of Roomba vacuums.
Posted inBusiness, Nation & World, News
Former security chief claims Twitter buried ‘egregious deficiencies’
A whistleblower complaint depicts Twitter as a chaotic and rudderless company beset by infighting, unable to properly protect its 238 million daily users.
Posted inBusiness, Maine, News
New traffic pattern sparks confusion in Deering Center
New lane striping is intended to reduce speeding on Ludlow Street, but the unfamiliar pattern and limited public outreach about the ‘advisory bike lanes’ have befuddled residents and commuters.