Top News & Analysis Maine

More

  • PORTLAND, Maine— Federal authorities say they want feedback from the public about proposed rules they hope would take a bite out of illegal fishing imports that jeopardize the country's multibillion dollar commercial fishing industry. Proposed new rules about seafood traceability would protect the public from fraud and help keep unsustainable fish...

  • Garmin buys Maine-based GPS products company DeLorme Thursday, 11 Feb 2016 | 2:07 PM ET

    YARMOUTH, Maine— Swiss-based Garmin Ltd., known for its GPS technologies, is buying Maine- based DeLorme, which produces maps and hand-held satellite communications. DeLorme will become a Garmin subsidiary based in Yarmouth and will retain most of its 92 workers under the deal, which is expected to close in 30 to 60 days. "DeLorme is a respected brand with exciting...

  • Hearing focuses on proposed ban on some animal products Thursday, 11 Feb 2016 | 2:00 AM ET

    BOSTON— While both critics and supporters of a proposed ban on the sale of food products from farms that keep animals in overly restrictive cages say the measure would likely raise egg prices in Massachusetts, supporters contend consumers would barely notice the increases. "Just because they are food animals doesn't mean they don't deserve our respect," said...

  • AUGUSTA, Maine— Members of the next generation of Maine lobster fishermen say they fear they will never get a license to fish for the valuable critters, but some longstanding lobstermen fear changing the rules could result in overfishing. A key Maine legislative panel held a public hearing on Wednesday on changes designed to streamline the process of...

  • *Company postpones fourth-quarter results to Feb. 29. Feb 8- Shopping center owner and operator Brixmor Property Group Inc said its CEO and two other top officers resigned after an internal review found that its financial statements were tampered with, sending its shares down as much as 25 percent. "The board is disappointed to have learned of the conduct and lack...

  • Wex tops Street 4Q forecasts Monday, 8 Feb 2016 | 7:19 AM ET

    SOUTH PORTLAND, Maine _ Wex Inc. on Monday reported fourth-quarter profit of $20.9 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.04 per share. Six analysts surveyed by Zacks expected $203.1 million.

  • Feb 7- Honda Motor Co's order that its U.S. dealers stop selling some 2.2 million of the automakers' most popular models is compounding financial and regulatory headaches for car dealers stuck with millions of vehicles that have potentially hazardous air bags or other safety defects. The National Highway Traffic Safety Administration says this difference...

  • BOSTON— Tapping into Canadian hydropower is hardly a new concept in energy-starved New England. Among several plans yet to secure final approval are the $1.4 billion Northern Pass project, designed to bring 1,090 megawatts of Hydro- Quebec power through New Hampshire into southern New England and a 1,000- megawatt transmission line beneath Lake Champlain...

  • Researchers who want to get a handle on the growth of New England' s gray seal population have been using drones as part of an effort to photograph the animals, which gather in huge numbers on remote islands. The National Oceanic and Atmospheric Administration used a pair of unmanned aircraft on Muskeget Island off of Massachusetts to take pictures of seal pups...

  • Camden National posts 4Q profit Thursday, 4 Feb 2016 | 5:53 PM ET

    CAMDEN, Maine _ Camden National Corp. on Thursday reported fourth-quarter earnings of $1.7 million. The bank, based in Camden, Maine, said it had earnings of 17 cents per share. Camden National shares have fallen slightly more than 9 percent since the beginning of the year.

  • Winter thaw triggers sap run in maple country Thursday, 4 Feb 2016 | 1:35 PM ET

    WEST TOPSHAM, Vt.— A winter thaw in the Northeast has triggered sap to flow in maple trees, launching an early start to the syrup season for some producers in parts of New England who have already decided to tap their trees. As for the price of the sweet stuff, which in Vermont goes for an average of about $49 a gallon, it's too early to tell how the four-to-six-week season...

  • AUGUSTA, Maine— Maine fishing regulators are shutting down more key scallop grounds as fishermen exceed targeted levels for the year. The state Department of Marine Resources says it is closing Cobscook Bay, the most productive scallop fishing area in Maine. It is also shutting down the Owls Head area of Lower Penobscot Bay and limiting the St. Croix River to one...

  • WASHINGTON— The food industry is pressuring Congress to act before the state of Vermont requires food labels for genetically modified ingredients. At issue is how food companies will deal with Vermont's law. The food industry wants Congress to pre-empt Vermont's law and bar mandatory labeling of genetically modified foods before it goes into effect.

  • Report: Climate change threatens food fish in Northeast Wednesday, 3 Feb 2016 | 4:01 PM ET

    PORTLAND, Maine— Fish and shellfish that humans rely on for food and that are important to the economy are on a list of Northeastern marine species considered most vulnerable to climate change, a federal government report released Wednesday and published by the journal PLOS ONE said. The study ranged from Cape Hatteras, North Carolina, to the Gulf of Maine and is...

  • Northeast Bancorp posts 2Q profit Monday, 1 Feb 2016 | 6:57 PM ET

    LEWISTON, Maine _ Northeast Bancorp on Monday reported fiscal second-quarter net income of $1.7 million. Northeast Bancorp shares have fallen slightly more than 4 percent since the beginning of the year. Keywords: Northeast Bancorp, Earnings Report.

  • LOS ANGELES— Dwayne Angebrandt wasn't all that surprised when his bosses at the U.S. Department of Homeland Security asked their expert on sex trafficking to put together a public presentation on how to spot the signs of it. What really took him aback was the audience he was asked to deliver it to: a group of strip-club operators. But as the special agent in charge of...

  • New rail link to Maine waterfront could revive port Sunday, 31 Jan 2016 | 1:30 PM ET

    PORTLAND, Maine— Freight trains are rolling through New England carrying the first-ever shipping containers loaded on the Portland waterfront. Stuck at the end of the nation's supply line, Maine has struggled with higher transportation bills, which make manufacturing less competitive and increase costs for consumers. The LePage administration has been...

  • *Investors in parent Deutsche Telekom express concern. FRANKFURT/ NEW YORK, Jan 7- Deutsche Telekom is facing growing pressure from investors and lawmakers to ensure proper treatment of workers at its American business T-Mobile US. Two major investors in Deutsche Telekom have expressed concern to the company about the treatment of T-Mobile employees,...

  • COVINGTON, Virginia, Dec 23- It was after midnight last spring when a bus dropped 20 road-weary Mexican workers outside this city of 6,000 people. They had cleared customs, crossed the U.S. border, and spent parts of three nights in the bus before arriving at their new home for the next six months: a traveling carnival called Cole Shows Amusement Company.

  • MONTREAL, Dec 22- A C $460 million settlement fund for victims of the 2013 Lac-Megantic crude-by-rail disaster will begin disbursements this week without the participation of Canadian Pacific Railway Ltd, the monitor involved in the payments said on Tuesday. Parties previously named in a class action lawsuit launched after the disaster, including closely...