The company is stuck with $1.3 billion worth of product after its breakup with the rapper formerly known as Kanye West.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness
U.S. probes Tesla Autopilot, steering wheels that can come off
As many as 120,000 Model Y SUVs could have steering wheels missing a crucial bolt.
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Posted inBusiness
Founder of Love’s Travel Stops dies in Oklahoma at age 85
The convenience store chain started by Tom Love is known for its tractor-trailer maintenance and in-store showers.
Posted inBusiness, Nation & World, News
A global mystery: What’s known about Nord Stream explosions
Nearly 6 months after the sabotage on the Russia-to-Germany pipelines, there is no accepted explanation.
Posted inBusiness, Nation & World, News
Debut launch of 3D-printed rocket aborted at last minute
SpaceX’s Falcon rockets have been flying with 3D parts for years, but not nearly to the extent of Relativity Space’s new rocket.
Posted inBusiness, Local & State, Morning Sentinel
Gifford’s outlines temporary production plans following fire at Skowhegan facility
Gifford’s Ice Cream announced its plans Wednesday to get “back to business” with four production partners until repairs are made to their Skowhegan facility.
Posted inBusiness, Nation & World, News, Politics
Missouri would be only state in country that taxes food but not guns under Republican bill
Missouri Democrats have excoriated the decision to strip out the provision, saying it’s another example of Republicans prioritizing guns over a necessity like groceries.
Posted inBusiness, Nation & World, News
Biden’s nominee for Labor secretary can expect tough questions from Republicans
Chances are good Julie Su will win the fight, since 51 senators caucus with the Democrats, and Su won Senate confirmation 2 years ago as deputy secretary.
Posted inBusiness, Nation & World, News
Powell says ‘no decision’ on the Fed’s next move on rates
Powell’s more nuanced remarks Wednesday appeared to be an effort to quell any assumption that the Fed has already decided to raise rates more aggressively.
Posted inBusiness, Nation & World, News
January U.S. job openings dip, but still high at 10.8 million
Job openings fell from 11.2 million in December but remained high by historical standards, the Labor Department reported Wednesday.