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Maine

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  • PORTLAND, Maine— New England fishermen of important food species like cod and haddock say the looming cost of paying for at-sea monitors could put them out of business this year. That means groundfishermen who catch fish like cod, haddock and pollock in New England waters will likely have to start paying the cost around August. Among the challenges facing the...

  • PORTLAND, Maine— Nova Scotia officials are asking ferry operators around the world for advice on how to provide less costly ferry service between Yarmouth, Nova Scotia and Maine. Nova Scotians are upset that Maine has not helped to subsidize the service, the Portland Press Herald reported. Paul LePage and Portland Mayor Michael Brennan.

  • Maine committee rejects concealed handgun bill Friday, 1 May 2015 | 2:22 PM ET

    AUGUSTA, Maine— A Maine legislative panel voted along party lines on Friday to reject a bill that would remove the requirement that people must get a permit to carry a concealed handgun. Eric Brakey's bill, but three GOP lawmakers who were absent may still submit their votes and are expected to support the proposal. The bill has sparked a fierce debate in Maine and...

  • PROVIDENCE, R.I.— Rhode Island still lags in recovering from the recession, but the state is starting to catch up with its New England neighbors, a senior economist from Moody's Analytics said Friday. Rhode Island recovered 60 percent of the jobs that were lost— amounting to 24,100 jobs— surpassing Maine at 51 percent. Rhode Island had a "steeper hill to climb" than...

  • US, Canada unveil rules to boost oil train safety Friday, 1 May 2015 | 10:30 AM ET

    The regulations are a long-awaited response to a series of fiery train crashes in the U.S. and Canada, including four so far this year. The most serious accident occurred in July 2013, when a runaway oil train derailed in Lac-Megantic, Quebec, just across the border from Maine, killing 47 people and destroying most of the town's central business district.

  • OSCEOLA, Mo.— After 45 years of providing health care in rural Missouri, Sac-Osage Hospital is being sold piece by piece. Sac- Osage is one of a growing number of rural U.S. hospitals closing their doors, citing a complex combination of changing demographics, medical practices, management decisions and federal policies that have put more financial pressure on...

  • New England's cod fishing cutbacks take effect Friday, 1 May 2015 | 4:01 AM ET

    Federal regulators reduced the Gulf of Maine cod catch limit from 1,550 to 386 metric tons for the fishing year that started Friday. Local pollock have recently sold for about $4 to $7 per pound in Maine, while hake have been around $6 to $8 and haddock $8 to $10. The Gulf of Maine is one of two key cod fishing areas in New England along with Georges Bank off of...

  • Northeast Bancorp posts 3Q profit Thursday, 30 Apr 2015 | 7:39 PM ET

    LEWISTON, Maine _ Northeast Bancorp on Thursday reported fiscal third-quarter net income of $1.8 million. Northeast Bancorp shares have fallen 3 percent since the beginning of the year. Keywords: Northeast Bancorp, Earnings Report.

  • Bar Harbor posts 1Q profit Wednesday, 29 Apr 2015 | 6:09 PM ET

    BAR HARBOR, Maine _ Bar Harbor Bankshares Inc. on Wednesday reported first-quarter earnings of $3.9 million. The Bar Harbor, Maine- based bank said it had earnings of 64 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • "If you want to tweak something, let's have an honest discussion about fishing," said Mike Colby, president of Double Hook Charters in Clearwater, Florida. The changes are the subject of a House Committee on Natural Resources meeting on Thursday. The measure does not yet have a companion in the Senate.

  • Wex beats Street 1Q forecasts Wednesday, 29 Apr 2015 | 8:03 AM ET

    SOUTH PORTLAND, Maine _ Wex Inc. on Wednesday reported first-quarter earnings of $22.3 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1 per share. Five analysts surveyed by Zacks expected $199.4 million.

  • Howard Johnson's restaurants— the once-ubiquitous orange-roofed eateries that nourished baby boomers before the rise of burgers and burritos— have almost disappeared. The HoJo's on the main strip of this Adirondack Mountain resort town and another in Bangor, Maine, are the last two restaurants operating under the famous name. The Bangor restaurant is...

  • PORTLAND, Maine— A wealthy hedge fund manager who rescued the Portland Press Herald and two other daily newspapers, investing $13 million over the past three years, is selling them to a newspaper executive. Donald Sussman's Maine Values LLC is selling the Portland Press Herald, the Kennebec Journal and the Morning Sentinel, along with the Coastal Journal in Bath,...

  • Lawmakers to LePage: Stop holding bonds 'hostage' Tuesday, 28 Apr 2015 | 2:13 PM ET

    Paul LePage's refusal to issue voter-approved bonds provoked a rare public dispute among members of his own party on Tuesday, when a Republican senator unveiled an effort to force the governor to release the funds. LePage has said he won't release $11.5 million in bonds for land conservation projects until the Legislature approves a plan to use money from...

  • Camden National posts 1Q profit Tuesday, 28 Apr 2015 | 1:21 PM ET

    CAMDEN, Maine _ Camden National Corp. on Tuesday reported first-quarter profit of $5.6 million. Camden National shares have dropped 2 percent since the beginning of the year. Keywords: Camden National, Earnings Report.

  • Maine Native Americans want deal with state on fishing Tuesday, 28 Apr 2015 | 12:36 PM ET

    PORTLAND, Maine— Maine's American Indian tribes want state officials to come to the table for a potentially wide-reaching agreement about the way the tribes harvest commercial species of fish. Maine's tribes have fished for thousands of years and deserve a bigger role in state decision-making, Passamaquoddy legislative Rep. His bill, which is up for a...

  • Genetic testing moves into world of employee health Tuesday, 28 Apr 2015 | 11:33 AM ET

    Your employer may one day help determine if your genes are why your jeans have become too snug. Big companies are considering blending genetic testing with coaching on nutrition and exercise to help workers lose weight and improve their health before serious conditions like diabetes or heart disease develop. And earlier this year, President Obama asked...

  • Idexx misses Street 1Q forecasts Tuesday, 28 Apr 2015 | 8:27 AM ET

    WESTBROOK, Maine _ Idexx Laboratories Inc. on Tuesday reported first-quarter net income of $46.6 million. Idexx expects full-year earnings to be $4.14 to $4.24 per share, with revenue in the range of $1.6 billion to $1.62 billion. Idexx shares have climbed roughly 9 percent since the beginning of the year.

  • Federal investigators have released hundreds of pages of records that offer new insight into the moments just before and after a 2013 oil train derailment near Casselton, North Dakota, that created a massive fire and forced 1,400 people to evacuate for several days. Interviews with the BNSF Railway workers operating the two trains in the derailment are...

  • AUGUSTA, Maine— Maine must ensure that hayrides are inspected to help prevent accidents like one that killed a 17- year-old girl and injured more than 20 others last year, a state lawmaker said Monday. Robert Nutting told the Criminal Justice and Public Safety Committee that someone who pays for a hayride should be able to expect that it has been judged to be safe.