Twelve stores will remain here as the company, which has filed for reorganization, prepares to shut down 1,780 of its poorly performing operations by March 15.
J. Craig Anderson
J. Craig Anderson is a seasoned business reporter who covers a wide range of topics including banking, finance, real estate, technology and entrepreneurism. Originally from Arizona, Craig graduated Summa Cum Laude from the University of Arizona journalism school and has gone on to report for a variety of business and consumer publications such as the Business Journal of Phoenix, the Las Vegas Sun and the Arizona Republic. His work has earned him national recognition including Sigma Delta Chi and APA Journalism awards. Craig also served in the Army for four years, working as an intelligence analyst and Arabic linguist for the National Security Agency in Maryland. He currently lives in Freeport.
Posted inBusiness, News
WEX profits dampened by foreign currency volatility
President and CEO Melissa Smith says the company is reducing its foreign currency holdings and investing in hedges to offset the impact of exchange rate losses in the future.
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Posted inBusiness, Local & State, News
Hit by data breach, Anthem warns Mainers to watch for identity theft
The targets of the national theft of sensitive information include at least 312,000 of the health insurer’s customers and more than 800 employees in Maine.
Posted inBusiness
Maine native named to top job at Unum
CFO Richard McKenney will take over for retiring President Thomas Watjen. The insurer with 3,000 workers in Portland also reports a difficult fourth quarter.
Posted inBusiness, Local & State, News
Global law firm opens Portland office, hires 5 local lawyers
Littler Global maintains a network of 1,000 attorneys in 60 offices worldwide. It represents management in employment and labor law, including litigation, mediation and negotiation.
Posted inBusiness, Local & State, News
For businesses that stay open in snowstorms, planning ahead is a must
From placing workers in nearby hotels to stocking up on food, companies cope with storms.
Posted inLocal & State, News
Utilities coordinate as crews prepare for service outages across Maine
The predicted low temperatures will produce dry, powdery snow that’s less likely to bring down tree branches and power lines – but the wind gusts might.
Posted inLocal & State, News
Maine Sunday Telegram analysis: LePage plan will reduce tax burden for most Maine workers
But critics say property tax hikes could offset the savings.
Posted inBusiness, Problem Solved
Tour operator embraces Skype to ease international logistics
Janet’s Agricultural Tours discovers a killer app for video chat.
Posted inBusiness, News
Weekly DigPortland to be bought by rival Phoenix, shut down
The Portland Phoenix has signed an agreement to buy the competing alternative publication, which it was suing.