Maine stands tall for education and quality of life, but a sluggish economy and limited infrastructure create issues for business.» Read More
Arthur T. Demoulas is back in control after offering more than $1.5 billion to buy shares of the private company from rival relatives who had fired him in June. "Sales are already at 100 percent of where they were last year," he said in an interview with The Boston Globe.
WASHINGTON— President Barack Obama and former President Bill Clinton on Friday highlighted the benefits of volunteering as they celebrated the 20th anniversary of the AmeriCorps national service program and welcomed the newest class of volunteers.
AUGUSTA, Maine— The three candidates for governor agree that energy costs in Maine are too high, but Republican Gov. Paul LePage, Democrat Mike Michaud and independent Eliot Cutler are deeply divided in their visions for the state's energy future.
PORTLAND, Maine— A Maine research group is getting a $1.1 million federal grant to help develop new technology to detect birds and bats near wind turbines. Biodiversity Research Institute will use the funding to further create a system of high-technology cameras.
SKOWHEGAN, Maine— A Maine paper mill's value is dropping by more than $100 million, jacking up local residents' tax rates. Skowhegan officials lowered Sappi Fine Paper North America mill from $567 million to $463 million. Town Manager Christine Almand says the lower valuation means the town's tax rate will increase from $16.40 per $1,000 to $17.15.
PORTLAND, Maine— The Nova Star ferry that runs between Portland and Yarmouth, Nova Scotia, failed to reach passenger goals in its inaugural season and is stopping service a few weeks early, officials said Monday.
BATH, Maine— A composite deckhouse for the second Zumwalt-class destroyer has arrived at Bath Iron Works in Maine. The deckhouse and helicopter hangar built at a shipyard in Mississippi arrived by barge on Friday. The Navy says the angular shape reduces the ships' radar signature.
PORTLAND, Maine— Gas prices have gone up nearly 2 cents in Maine in the last week. The average price of a gallon of gas in Maine on Monday was $3.51 a gallon, down 6.5 cents from one month ago, according to gasbuddy.com. Gas prices in Maine are 13.7 cents a gallon lower than they were one year ago.
HARTFORD, Conn.— A new fight has emerged over efforts to shift New England from oil and coal to lower cost natural gas. Anthony Buxton, a Portland, Maine, lawyer who represents the Industrial Energy Consumer Group and two labor union organizations, has taken his complaint about the Conservation Law Foundation to Maine utility regulators.
MONTPELIER, Vt.— Last month, construction crews placed a series of hollow tubes over the Wanzer Brook in Fairfield as part of a Vermont Transportation Agency program that uses new technology to cut construction time, save money and reduce the backlog of bridges that need replacement.
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.
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.
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.
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.