It’s the biggest move in the snack sector since J.M. Smucker bought Hostess for $5.6 billion last year.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
Annual U.S. inflation falls to 3-year low, clearing way for Fed to cut rates
The government said nearly all of July’s inflation reflected higher rental prices and other housing costs, a trend that, according to real-time data, is easing.
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Posted inBusiness, Local & State, News
Feds ramp up fight to block massive grocery merger involving Shaw’s
Kroger’s proposed $24.6 billion takeover of Albertsons would be the largest supermarket merger in U.S. history.
Posted inBusiness, Local & State, News
Resurrected ship a reminder of Maine’s once-thriving sardine industry
But an effort to save the Jacob Pike by the great-great-grandson of the vessel’s namesake has been torpedoed by the need for expensive environmental remediation.
Posted inBusiness, Nation & World, News
Starbucks CEO replaced by fixer who revived Chipotle
Brian Niccol is tasked with an even bigger challenge this time around: how to get inflation weary U.S. customers back into stores.
Posted inBusiness, Local & State, News, Schools and Education
MDI Bio Lab gets $19 million to boost Maine’s biomedical research, workforce
The federal grant will fund the renewal of the Maine IDeA Network of Biomedical Research Excellence program, a collaboration between 17 educational and research institutions, for another 5 years.
Posted inBusiness, Local & State, News
Maine regulators reject proposal to let utilities report suspected illegal cannabis operations to police
The Public Utilities Commission said customers’ privacy would be violated if utilities had authority to report significant electricity use to law enforcement.
Posted inBusiness, Local & State, News
Maine needs more technicians to install and repair electric heat pumps
Citing the state’s aging workforce, employers and schools say they can’t train enough workers to keep pace with the expanding demand, resulting in customers waiting weeks or even months to get an appointment.
Posted inBusiness, Local & State, News
Maine can now order employers to pay workers back pay as well as damages for missed wages
The law went into effect Friday and is the latest state-level effort among Democrat-controlled states to give workers more options to seek compensation for lost wages.
Posted inAnimals, Business, Nation & World, News
Mini farm animals are adorable. There’s also a growing demand for them
Americans are showing more interest in owning miniature cows, miniature goats, miniature donkeys and other diminutive farm animals.