The burger chain’s CEO says employees of shuttered stores will continue being paid.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Kennebec Journal, Local & State
Hallowell council votes 5-2 to approve amended tax break deal for ice arena
The amended agreement would provide an additional $110,000 in TIF revenue for the city as part of a 10-year deal with the Camden National Bank Ice Vault.
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Posted inBusiness, Nation & World
U.S. strikes harder at Putin, banning all Russian oil imports
The action follows pleas by Ukrainian President Volodymyr Zelensky to U.S. and Western officials to cut off the imports, which had been a glaring omission in the massive sanctions put in place on Russia.
Posted inBusiness, Nation & World
As energy prices soar, weatherizing homes gains new appeal
Plugging holes and insulating walls and attics is one of the most effective ways to lower costs, experts say.
Posted inBusiness
Kohl’s to open 100 small-format stores, expand Sephora shops
The chain says it continues to acquire millions of new customers with its partnership with Amazon.com.
Posted inBusiness, Local & State
Ukraine crisis sends fossil fuel prices soaring in Maine
Gasoline prices are approaching a record high, and heating oil already has surpassed the previous record.
Posted inBusiness
Stocks plunge as oil prices surge
U.S. crude settles at $119.40 per barrel, up 3.2 percent, after earlier touching $130.50.
Posted inBusiness, Nation & World
Bird flu confirmed in northwest Iowa commercial turkey flock
The discovery is especially troubling in the nation’s leading egg producer.
Posted inBusiness, Nation & World
Disney avoids taking stand on Florida’s ‘don’t say gay’ bill
CEO Bob Chapek says the company’s efforts to create a more inclusive world will be better served through its film and TV output.
Posted inBusiness, Nation & World
U.S. gasoline prices rise again as support grows for banning Russian oil
Top congressional officials reached agreement Monday on legislation that would ban Russian oil imports to the U.S. and end Russia’s permanent normal trade relation status.