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Maine

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  • 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.

  • Maine: Fiscal year ended with unexpected revenue Wednesday, 30 Jul 2014 | 4:02 PM ET

    AUGUSTA, Maine— Maine ended the fiscal year with $39.1 million more in revenues than officials had expected, Republican Gov. The extra revenue plus unspent state funds produced a net year-end surplus of nearly $62 million when the fiscal year ended June 30, said Richard Rosen, acting commissioner for the Department of Administrative and Financial Services.

  • NEW YORK, July 30- A Connecticut lawmaker on Wednesday launched the first national effort in years to tax soda drinks, the latest bid by regulators and politicians to stem rising obesity and diabetes rates by curbing the consumption of sugary drinks.

  • Maine Lobster Festival kicking off Wednesday, 30 Jul 2014 | 5:05 AM ET

    ROCKLAND, Maine— The 67th annual Maine Lobster Festival is kicking off in Rockland with five days of festivities that celebrate the state's signature seafood. Besides lobster, the festival features a sea goddess coronation, a parade, the Coast Guard tall ship Eagle, carnival rides and a race where contestants run across lobster crates floating in the water.

  • Family feud sparks revolt at grocery store chain Friday, 25 Jul 2014 | 1:55 AM ET

    WEST BRIDGEWATER, Mass.— It's been called a David vs. They are demanding the reinstatement of beloved former CEO Arthur T. Demoulas, whom they credit with keeping prices low, treating them well and guiding the company's success.

  • FOX LAKE, Ill., July 25- The news about deadly crashes linked to a faulty ignition switch, followed by wave upon wave of recalls, did not bode well for General Motors dealers earlier this year. It conjured visions of worried, frustrated drivers pouring onto lots like Raymond Chevrolet, outside of Chicago.

  • PORTLAND, Ore., July 24- An Oregon citizens' initiative that would require labeling of foods made with genetically modified ingredients has garnered more than enough signatures to gain a spot on the state's November ballot, a state government spokesman said on Thursday. "It cleared easily," said Tony Green, a spokesman for the Oregon Secretary of State's Office.

  • SPENCER, Mass., July 24- Tucked off a two-lane highway in a hilly, wooded section of central Massachusetts, a group of Roman Catholic monks has embraced a centuries-old tradition they hope can sustain their aging members in a world of rapidly rising health costs.

  • New CEOs urge Market Basket workers to return Tuesday, 22 Jul 2014 | 9:23 PM ET

    TEWKSBURY, Mass.— The Market Basket supermarket chain's new co-CEOs on Tuesday urged protesting employees to go back to work, saying they are committed to continuing the company's "tradition of excellence and dedication."

  • The city of 25,000, known for its scenic lighthouses and sweeping views of the island-speckled waters of Casco Bay, is also the east coast's second largest oil port, located at the southern terminus of the Portland-Montreal Pipeline, which currently flows north to Canada.

  • Lawsuit expected after vote to ban tar sands oil Tuesday, 22 Jul 2014 | 8:54 AM ET

    SOUTH PORTLAND, Maine— With a potential lawsuit targeting a decision to ban tar sands oil in South Portland, the governor's energy chief said Tuesday that he hopes the state can eventually have a conversation about managing the flow of petroleum products rather than having it decided locally.

  • Gas prices falling in Maine Monday, 21 Jul 2014 | 8:39 AM ET

    PORTLAND, Maine— Average gas prices in Maine have fallen 3.7 cents per gallon in the last week. The average price of a gallon of gas in Maine on Monday was $3.68 a gallon— down 4.8 cents from one month ago, according to gasbuddy.com. Gas prices in Maine are 10.3 cents a gallon lower than they were one year ago.

  • Market Basket ex-CEO: Protesters should be rehired Monday, 21 Jul 2014 | 6:16 AM ET

    TEWKSBURY, Mass.— A family feud over control over the Market Basket supermarket chain escalated Monday as thousands of employees and their supporters rallied at the company's headquarters for a second time and called for the reinstatement of their former chief executive. The chain has 71 stores in Massachusetts, New Hampshire and Maine.

  • South Portland set for final vote on tar sands ban Monday, 21 Jul 2014 | 5:01 AM ET

    SOUTH PORTLAND, Maine— The South Portland City Council has voted to ban the transfer of crude oil onto ocean tankers, effectively ending any attempt to bring oil from western Canada through a pipeline into the city. The City Council voted 6-1 Monday night in favor of the ordinance that was hailed by environmentalists.

  • As numbers of gray seals rise, so do conflicts Sunday, 20 Jul 2014 | 9:03 AM ET

    ROCKLAND, Maine— Decades after gray seals were all but wiped out in New England waters, the population has rebounded so much that some frustrated residents are calling for a controlled hunt.

  • Maine's nursing home funding challenges to remain Saturday, 19 Jul 2014 | 8:53 AM ET

    AUGUSTA, Maine— Maine officials are relieved they found a way to provide the state's nursing homes with an additional $13 million but warn that a long-term strategy must be developed to aid the facilities in the nation's oldest state.

  • TORONTO, June 16- The Quebec government said on Monday it was seeking some C $409 million from Montreal, Maine and Atlantic, the insolvent rail operator at the center of the rail disaster in the town of Lac Megantic last year.

  • NEW YORK, June 11- Struggling to get out of credit card debt he accumulated in college, Rion Robinson tried a lot of different approaches to curb his spending, from old-fashioned spreadsheets to money management programs like Mint. Then Robinson, a 27- year-old who works for a medical supplier in Columbus, Ohio, tried the Level Money budgeting app.

  • NEW YORK, June 11- Struggling to get out of credit card debt he accumulated in college, Rion Robinson tried a lot of different approaches to curb his spending, from old-fashioned spreadsheets to money management programs like Mint. Then Robinson, a 27- year-old who works for a medical supplier in Columbus, Ohio, tried the Level budgeting app.

  • U.S. Senate adjusts capital rules for insurers Wednesday, 4 Jun 2014 | 7:48 AM ET

    WASHINGTON, June 4- The U.S. Senate has approved a bill tweaking the 2010 Dodd-Frank law's treatment of insurers, a rare adjustment to the Wall Street reform law that had been sought by the industry.