Business and Economy

Business news

Maine Public file

The former holdings of the Great Northern Paper Co. in Millinocket have been sold to a local nonprofit for the princely sum of $1.

Jennifer Mitchell / Maine Public

The past three years have seen a rapid rise in demand for one type of meat nationwide: pork.

The Penobscot Indian Nation has obtained federal permits to process, bottle and ship its own line of vodka that it plans to market to tribal casinos nationwide.

Maine Public file

An investigation by the state’s Animal Welfare Program has found no evidence of animal cruelty or proof that Hillandale Farms in Turner violated best management practices.

The massive egg operation, owned by Jack DeCoster and leased by Hillandale, came under fire last year from the Humane Society of the United States for a series of alleged animal cruelty violations.

PORTLAND, Maine - "The Cat" will be back - and maybe earlier than last year. 

Bay Ferries chief Mark McDonald has told a Nova Scotia legislative committee he plans on beginning a new year of round of high-speed ferry trips between Yarmouth, Nova Scotia, and Portland, Maine, on June 1, two weeks earlier than last year.  

McDonald also said he'd like to keep running until Oct. 15.  Those two weeks could prove more problematic since they correspond with peak cruise ship season;  both use the Ocean Gateway terminal on Portland's waterfront.

Robert F. Bukaty / Maine Public

An organization that’s encouraging a boycott of L.L. Bean says it will end the campaign if the company removes Linda Bean from its board of directors.

PORTLAND, Maine - Anthem will pay a $225,000 civil penalty for mishandling consumer complaints in Maine.

Maine Bureau of Insurance Superintendent Eric Cioppa says from 2013 to 2014 investigators found that Anthem repeatedly failed to respond to the bureau’s consumer complaint inquiries within 14 days, which is required by state law.

LUBEC, Maine - Maine fishing regulators say they are allowing many of the state's scallop fishermen to fish for an additional day per week because bad weather has hampered their ability to harvest the shellfish.
The state Department of Marine Resources says the dragger boat fleet that operates outside of the protected Cobscook Bay area will be afforded the extra day.

PORTLAND, Maine - A developer is seeking approval for a $13 million condominium development near an Interstate 295 off-ramp in Portland.
The Portland Press Herald reports that city planning documents indicate the four-story building would have 22 single-bedroom units and 23 two-bedroom units ranging from roughly 560 square feet to about 1,500 square feet.  Parking for 45 vehicles would also be available.

East Millinocket Officials Worried About Demolition at Former Mill Site

Jan 9, 2017
Nick Sambides Jr. / Bangor Daily News

EAST MILLINOCKET, Maine — Town leaders are concerned that the owner of the former Great Northern Paper Co. LLC site is demolishing assets that could help lure a potential investor.

Damian Dovarganes / Associated Press

Maine Attorney General Janet Mills is filing a new lawsuit against Volkswagen and its sister companies in the ongoing aftermath of the automakers’ emissions-cheating scandal.

Filed in Kennebec County Superior Court, the suit alleges that starting in 2009, VW, Audi and Porsche sold diesel cars in Maine that were outfitted with software that allowed them to pass emissions tests, even though once back on the road their tailpipes belched harmful nitrogen oxides at levels far above the legal limit.

Energy prices in Maine would not be reduced if consumers paid for a new natural gas storage facility in the state. That’s a state consultant’s conclusion as regulators consider several proposals to provide new storage for liquefied natural gas.

Lawmakers last year directed the Public Utilities Commission to solicit bids for new storage, aiming to provide a buffer against gas supply constraints that can emerge during prolonged cold snaps, driving prices up for electricity that’s fueled by gas.

Robert Burns / Texas A&M AgriLife Extension Service

For 70 years, antibiotics have been used to combat deadly bacterial diseases in humans and other animals, but too much of a good thing has led to some drug resistant strains that are hard to vanquish.

Irwin Gratz / Maine Public/file

PORTLAND, Maine - Maine's minimum wage rises tomorrow from $7.50 an hour to $9 an hour.  That's a big victory for working people, says Matt Schlobohm of the Maine AFL-CIO.

Patty Wight / Maine Public

L.L. Bean is expanding its manufacturing capacity to meet what the company says is an ever-increasing demand for its signature product.

The increase in production of Bean Boots will add an additional 100 jobs by the end of the year between its Brunswick and Lewiston facilities. Between the two manufacturing centers, L.L. Bean churns out thousands of boots daily.

“L.L. Bean produces about 3,000 pairs of boots per day,” says company spokesman Mac McKeever.