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  • Deal reached to sell supermarket chain to ex-CEO Wednesday, 27 Aug 2014 | 11:53 PM ET

    TEWKSBURY, Mass.— A New England supermarket chain that has been in turmoil for weeks over a workers' revolt and customer boycott has announced that the former CEO will buy a majority stake in the business. In a statement issued late Wednesday, Market Basket said popular CEO Arthur T. Demoulas would be returning and taking over day-to-day operations.

  • FDA investigating large Maine lobster processor Wednesday, 27 Aug 2014 | 9:16 AM ET

    The FDA in February sent a letter to Rockland- based Linda Bean's citing the firm for "significant violations" in the way it processed seafood. Linda Bean, owner and namesake of the firm, said in an email to The Associated Press that she has "addressed everything" and added the FDA's letter of violations was "reasonable.

  • Farmers' Almanac predicts another nasty winter Monday, 25 Aug 2014 | 8:00 AM ET

    LEWISTON, Maine— The folks at the Farmers' Almanac can be forgiven for feeling smug: The 198- year-old publication correctly predicted the past nasty winter while federal forecasters blew it. We're calling for some frigid conditions, bitter conditions, "said managing editor Sandi Duncan.

  • No deal yet in Market Basket feud Monday, 25 Aug 2014 | 7:25 AM ET

    TEWKSBURY, Mass.— The family feud that has brought the Market Basket supermarket chain to its knees may be nearing its end. Ousted CEO Arthur T. Demoulas has reportedly made a $1.5 billion offer to buy out the part of the company controlled by his rival cousin, Arthur S. Demoulas, and his allies on the board.

  • Governors: Deal may come soon in supermarket feud Friday, 22 Aug 2014 | 6:29 PM ET

    BOSTON— The governors of Massachusetts and New Hampshire said Friday they were optimistic the long-running family dispute that has hobbled the Market Basket supermarket chain will be resolved, perhaps as soon as this weekend, with an agreement to sell it to its ousted CEO. In a statement issued late Friday, Massachusetts Gov. Deval Patrick and New Hampshire Gov.

  • Parks Service bans drones over Appalachian Trail Wednesday, 20 Aug 2014 | 6:55 PM ET

    PITTSBURGH— The National Park Service has banned drones from flying over the Appalachian Trail. The Park Service said Wednesday the interim rule prohibits launching, landing or operating unmanned aircraft from or on Appalachian National Scenic Trail lands.

  • Lawmaker's proposals would aid aging population Wednesday, 20 Aug 2014 | 4:13 PM ET

    AUGUSTA, Maine— Building more affordable housing for Maine seniors and boosting Medicaid reimbursements to home care workers were among several policy ideas rolled out by House Speaker Mark Eves on Wednesday.

  • Advocates bash plan requiring jobs for food stamps Wednesday, 20 Aug 2014 | 4:11 PM ET

    Clara Whitney of the Good Shepherd Food Bank said the proposal— expected to affect about 12,000 Maine residents— would force people to choose between paying for food and things like heat and electricity.

  • Aug 19- Canada's Transportation Safety Board on Tuesday released its final report on last year's Lac-Mégantic crude train disaster, including a list of 18 "causes and contributing factors" to the catastrophic derailment that killed 47 people.

  • LAC-MÉGANTIC, Quebec, Aug 19- The Canadian government did not adequately audit the railroad company at the center of the Lac-Mégantic crude tanker disaster, which last year killed 47 people, an independent federal agency said on Tuesday, as it called for tougher scrutiny of the rail industry.

  • LAC-MÉGANTIC, Quebec, Aug 19- The Canadian government did not adequately audit the rail firm at the center of the Lac-Mégantic crude tanker disaster that last year killed 47 people, an independent federal agency said on Tuesday, as it called for tougher scrutiny of the rail industry.

  • LAC-MEGANTIC, Quebec, Aug 19- The Canadian government did not adequately audit the rail company at the center of last year's Lac-Megantic oil-by-rail disaster in which 47 people died, the Transportation Safety Board of Canada said on Tuesday.

  • LAC-MEGANTIC, Quebec, Aug 19- The Canadian government did not adequately audit the rail firm at the center of last year's Lac-Megantic oil-by-rail disaster, in which 47 people died, the Transportation Safety Board of Canada said on Tuesday.

  • Governors step into New England supermarket feud Monday, 18 Aug 2014 | 6:54 AM ET

    BOSTON— As an employee revolt at a New England grocery store chain headed into its fifth week, the governors of Massachusetts and New Hampshire took the unusual step of personally stepping in to negotiations aimed at ending a standoff threatening the future of the popular low-priced supermarkets. Deval Patrick and New Hampshire Gov.

  • Maine woman sues GM after suffering burn Monday, 18 Aug 2014 | 6:41 AM ET

    YARMOUTH, Maine— A Maine woman who says she suffered a third-degree burn from a heated seat in Chevrolet Suburban has sued General Motors. Emma Verrill says in her suit filed in U.S. District Court in Portland, Maine, that GM failed to adequately test the rear seat heaters to prevent them from reaching "dangerously high temperatures that would burn human flesh."

  • Top bid for tallest New England lighthouse is $78K Sunday, 17 Aug 2014 | 3:26 PM ET

    PORTLAND, Maine— The tallest lighthouse in New England will likely soon have a new owner. The federal government on Sunday closed out an auction for Boon Island Light Station, with the top bidder offering $78,000 for the lighthouse built in 1855 on a tiny rocky island 6 miles off Maine's coast.

  • At this year's Camp Kotok- an annual gathering of boldface names in finance, helmed by Cumberland Advisors' David Kotok- the issue took center stage during an evening debate at Leen's Lodge, a collection of log cabins set on the placid shores of West Grand Lake.

  • Berkshire profit soars 41% to a record Friday, 1 Aug 2014 | 6:54 PM ET
    Warren Buffett

    Warren Buffett's Berkshire Hathaway Inc on Friday said second-quarter profit soared 41 percent to a record high.

  • Aug 1- Warren Buffett's Berkshire Hathaway Inc on Friday said second-quarter profit soared 41 percent, reflecting a substantial increase in investment gains and improved results in manufacturing, service and retail businesses. Net income rose to $6.4 billion, or $3,889 per Class A share, from $4.54 billion, or $2,763 per share, a year earlier.

  • WASHINGTON, July 31- The top U.S. regulatory panel tasked with policing the safety of the financial system said on Thursday it is launching a review of potential risks in the asset management industry. FSOC said it had agreed in its closed-door meeting not to rescind the designations of two other non-banks, American International Group and GE Capital.