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Maine

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  • Paul LePage vowed Friday to veto every Democratic-sponsored bill that gets to his desk for the rest of the time he's in office unless the Legislature agrees to let residents weigh in on whether to get rid of the income tax. "The Maine people deserve to have a say on the income tax and until they lift it, that's my leverage," LePage said during a wide-ranging and...

  • PORTLAND, Maine— A White House pledge to veto proposed changes to federal fishing laws has divided fishermen over whether the rule changes should be saved or scrapped. The White House has said the administration "strongly opposes" the changes and President Barack Obama's senior advisers would recommend a veto if the bill to authorize them passes.

  • Only high-income households have managed to build significant savings, and the Center for Retirement Research at Boston College says 52 percent of today's working-age households face the shock of declining living standards in retirement. "If you have a dollar to spend on retirement security, it's much better to spend it on Social Security than by spreading...

  • NASHVILLE, Tenn.— Discount retailer Dollar General has named a new chief executive officer. He was promoted to chief operations officer in 2013. Before joining Dollar General, Vasos served in executive positions with Longs Drug Stores Corp.. Dollar General plans to open 730 stores this year as it expands its footprint into Maine, Oregon and Rhode Island.

  • TORONTO, May 28- Toronto Dominion Bank posted a quarterly profit that beat market expectations on Thursday, driven by strong growth in its Canadian retail and wholesale businesses. The results follow bullish quarterly numbers from Royal Bank of Canada, Bank of Montreal, Canadian Imperial Bank of Commerce and National Bank of Canada, which reported...

  • AUGUSTA, Maine— Democrats on a Maine legislative panel said Thursday they need more time before voting on Gov. Paul LePage's nominee to a board that regulates utilities in the state, drawing sharp criticism from Republicans who accused them of playing politics with the governor's pick. The Energy, Utilities and Technology Committee voted 7-6 along party lines...

  • Labor secretary checks out training programs at shipyards Wednesday, 27 May 2015 | 3:51 AM ET

    Perez visited Maine for a firsthand look at an apprentice program at Portsmouth Naval Shipyard, a public shipyard, and a training center at Bath Iron Works, a private defense contractor. Susan Collins, who extended the invitation to Perez to come to Maine, joined Perez on visits to Bath and Kittery. "We have a very important workforce imperative to make sure the next...

  • PORTLAND, Maine— In a nondescript industrial park, beer geeks line up several times a week outside Bissell Brothers to get the latest batch of fresh beer— much like foodies seeking the freshest baguettes, pomegranates or kale. That's tiny compared to the big craft breweries, which are stretching the meaning of "craft" under Brewers Association guidelines that...

  • LOS ANGELES, May 26- Judging by the latest performance rankings, two 529 college savings plans in particular look enticing. SavingForCollege.com, a plan comparison website that publishes rankings each quarter, said the District of Columbia's direct-sold DC 529 College Savings Program topped the lists for one-, three- and five-year performance as of March 31.

  • TORONTO, May 26- Toronto Dominion Bank said on Tuesday it will acquire Nordstrom's U.S. consumer credit card portfolio as the Canadian bank looks to use its strong balance sheet to expand its lending business in the United States. But under the terms, Nordstrom will receive a large slice of net revenue generated by the credit card accounts. Nordstrom's U.S. credit...

  • PORTLAND, Maine— After eyeing a piece of haddock on the supermarket counter, a customer scans a code and finds out the fish was caught in the waters of Georges Bank and learns the name of the fishing boat— and maybe even sees a picture of the smiling, rain-slickened fisherman who reeled it in. Welcome to the future of buying New England seafood. In an era when many...

  • Rumford mill to lay off about 50 workers Saturday, 23 May 2015 | 3:27 PM ET

    RUMFORD, Maine— Catalyst Paper is laying off about 50 workers at the Rumford mill. WCSH-TV reports that the company announced that a temporary shutdown of a paper machine has been extended to August. Rumford mill spokesman Tony Lyons says the layoffs are "directly market related."

  • CHICAGO— When retailers open state-approved medical marijuana shops in Illinois later this year, they will face a distinct disadvantage in luring prospective patients across their thresholds: Marijuana will always be cheaper on the black market. Dispensary owners in Illinois are thinking, too, about Tupperware-style education parties, spa-like interior...

  • MOUNT DESERT, Maine— David Rockefeller made a rare public appearance ahead of his 100th birthday to formally announce the donation of 1,000 acres bordering Acadia National Park in Maine. The retired CEO of Chase Manhattan Bank and grandson of oil tycoon John Rockefeller Sr. told a group of family and friends Friday that he's happy to see the land preserved for...

  • SACRAMENTO, Calif.— The California Assembly on Friday approved one of the nation's toughest bans on plastic, exfoliating microbeads that are polluting waterways. Manufacturers already have pledged to phase out the materials, including L'Oreal, Unilever and Johnson& Johnson, and use natural alternatives such as apricot shells and cocoa beans.

  • LEWISTON, Maine— Police leaders in southern Maine are talking with members of the city's large Somali population about future openings in law enforcement. Chief Michael Bussiere of the Lewiston Police Department visited schools in the area and discovered many Somali boys listed law enforcement as their dream job, the Sun-Journal reported.

  • PORTLAND, Maine— The oldest member of the Rockefeller family is giving a gift as part of his 100th birthday celebration: 1,000 acres of land including streams, trails and carriage roads abutting Acadia National Park. David Rockefeller, the retired CEO of Chase Manhattan Bank and grandson of oil tycoon John Rockefeller Sr., is transferring family property at...

  • Meeting on northern Maine national park plan turns heated Thursday, 21 May 2015 | 11:26 AM ET

    EAST MILLINOCKET, Maine— A discussion about a proposed national park east of Baxter State Park turned heated during a public meeting in northern Maine. Maine Woods Coalition organized the meeting and opposes the park plan, WCSH-TV reported. Others have said they don't want to turn land over to the National Park Service.

  • BATH, Maine— The U.S. Department of Defense has awarded Bath Iron Works an $11.3 million contract modification to work on maintenance systems for the entire littoral combat ship program. The contract modification was awarded Tuesday to General Dynamics, the parent company of BIW, by the Navy's Southwest Regional Maintenance Center in San Diego.

  • Ohio Attorney General Mike DeWine announced the pact that Equifax, Experian and TransUnion struck with attorneys general in 31 states. "I am pleased that our agreement brings about reforms that will provide for more effective dealings and better communication between consumers and the credit reporting agencies," said Alabama Attorney General Luther...