Business and Economy

Business news

PORTLAND, Maine (AP) _ Average gas prices in Maine have risen 3.1 cents in the last week.  
    The average price of a gallon of gas in Maine on Monday was $3.70 a gallon - up 1.4 cents from one month ago, according to  
    The average price for a gallon of gas nationally is $3.65 a gallon, up 1.8 cents in the past week and up 2.6 cents per gallon in the last month.  
    Gas prices in Maine are 12.7 cents a gallon higher than they were one year ago.

DeLorme will Appeal $6.2M Fine

Jun 16, 2014

PORTLAND, Maine (AP) _ Maine-based DeLorme Publishing is digging in for a fight against a $6.2 million fine levied against it in an ongoing patent dispute.
    The Portland Press Herald  reports DeLorme's CEO says the firm believes it's done nothing wrong and will appeal. The mapping company received the fine from the International Trade Commission on June 10 for violating a consent order related to a patent infringement case brought by a Virginia company.

AUGUSTA, Maine — Maine Gov. Paul LePage will soon head to China to visit with a company regarding a potential manufacturing project in northern Maine.

The Republican is scheduled to leave Maine for Beijing on June 21. His office said that he was invited by a company that's headquartered there to discuss an investment and manufacturing project in Maine.

Peter Steele, a spokesman for LePage, said representatives from the company are interested in the Loring Commerce Center in Limestone.

Looking for a resource to provide you with in-depth coverage of the most important stories taking place in Maine and beyond from a source you know and trust? You are in luck — and now in the know. Maine Public Broadcasting Network has just launched as your go-to source for compelling stories and reporting, news and information each and every day.

We hope you enjoy the updated look, feel and functionality. Click here for more information on how to make your homepage.

Helping new, existing and would be entrepreneurs make the right connections to prosper, this week's 'start up and create week' is a series of events celebrating our state's robust startup culture. Learn where to turn for help if you're thinking of starting a business, and get tips on promoting your products and services.

Host Keith Shortall speaks with:

PORTLAND, MAINE — Three women who once worked at a Maine scented candle manufacturer say in federal lawsuits that the company's founder and president subjected them to "relentless sexual harassment."

The lawsuits were filed last week in U.S. District Court in Portland by the former vice president of sales, former retail sales manager, and former debt collector at Wells-based Village Candle.

Governor LePage is joining members of Maine's seafood and paper industries on a three-day trade mission to Iceland.

The Republican governor departs for Reykjavik today.

Tomorrow, LePage will meet with President Olafur Ragnar Grimsson. He's also expected to visit a food and beverage distributor and tour a collection of companies that strive for the 100 percent utilization of seafood product.

There is a rare point of agreement among the three leading candidates for governor: They all agree that the bump up in the state's bond rating is good news. A few years ago, Moody's Investor Services lowered Maine's credit rating slightly by saying it had a negative outlook for its Double A-2 rating. For the bond sale scheduled for later this month, Moody's improved that status to a "stable outlook." And Gov. Paul LePage says a further improvement could propel a major bond package from the administration.

Some southern Maine lobstermen are upset that a National Oceanic and Atmospheric Administration research vessel is inadvertently cutting their fishing lines and traps.

The Portsmouth Herald reports on Thursday that NOAA's ship is working off the York coast to map the depths for new nautical charts. Mike Sinclair, president of the York Lobstermen's Association, told the paper he estimates NOAA vessels have caused $25,000 in gear losses since 2009. The ships have worked off the York coast four times since then.

An Aroostook County potato processing company broke ground Wednesday on what company officials say is an $8.5 million expansion.

The expansion of the Naturally Potatoes processing plant in Mars Hill will double the facility's production and storage.

"It's a nice combination of things. It's good for the potato industry, good for the economy of Northern Maine, and the state of Maine," says Naturally Potatoes CEO William Haggett.

Patty Wight / MPBN

A federal investigation into the illegal buying and selling of glass eels is picking up speed and may soon result in indictments of dozens of people. In recent weeks, the U.S. Fish and Wildlife Service has led raids in Maine and in other states along the eastern seaboard as part of Operation Broken Glass. The investigation is focusing on networks of poachers who catch elvers and sell them for large amounts of cash to dealers in Maine and elsewhere for eventual export to the lucrative Asian market.

Susan Sharon / MPBN

Frustrated by what they say is the failure of legislative and political efforts to stop the proposed east-west highway, a small group of grandmothers is taking matters into its own hands. The grandmothers have started holding monthly vigils in front of Cianbro headquarters. Cianbro is the Pittsfield-based construction firm that wants to build a 220-mile-long closed access toll highway that would stretch from Calais to Coburn Gore. As Susan Sharon reports, the grandmothers hope that their quiet persistence will carry a powerful message.

Ten years ago, it was in rough shape but now, it has rebounded. What's different? Hear a discussion of the latest research into salmon aquaculture, find out what consumers should know about farmed salmon and we'll address concerns about sea lice and the impact of aquaculture on the wild salmon population.

For the past four years, Forbes Magazine has ranked Maine as the worst state to do business.  The Maine Real Estate and Development Association wants to make it the best place. Today in Portland, the group gathered about 300 leaders from the public and private sectors to hash out what's working - and what's not.  

Patty Wight / MPBN

Mainers like buying local. And it's not just a slogan, it's now a documented fact, according to a local food initiative called the Maine Food Strategy, which today released its first ever Consumer Survey Report. The group hopes that the findings will accelerate even more local food purchasing -- and beyond fresh fruits and veggies.