The company files Chapter 11 as it seeks a buyer or tries to straighten out its affairs.
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, Local & State, News
BIW asks Bath for tax break to expand shipyard
Its tax increment financing proposal says a new outfitting hall would make Bath Iron Works more competitive.
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Posted inBusiness, Local & State, News
Walmart scraps planned expansion that closed Falmouth cinema
An attorney blames high construction costs, while a former town councilor expresses frustration that the town lost its only movie theater.
Posted inBusiness, Local & State, News
Report: Maine workers among least productive in U.S.
But rather than blaming the workers themselves, the report says it is employers who are not taking full advantage of workers’ abilities.
Posted inBusiness
USM professor helped argue for big change in calculation of GDP
University of Southern Maine professor Barbara Fraumeni and a former colleague have an unprecedented claim to fame: They single-handedly raised the country’s gross domestic product by nearly $400 billion in 2012. On paper, anyway. Fraumeni, a former chief economist for the U.S. Department of Commerce’s Bureau of Economic Analysis, and her then-colleague Sumiye Okubo wrote […]
Posted inBusiness
Maine loan climate looking brighter
Banks and borrowers are gaining confidence as economic conditions improve, observers say.
Posted inBusiness
Maine housing slow to build price increases
While the real estate market perks up in much of the country, Maine lags behind.
Posted inNews
Pope’s comments on gays resonate in Maine
Some scholars and activists interpreted his comments Monday as a softening of the church’s stance against same-sex relationships.
Posted inBusiness, Local & State, News
Portland OKs pier leases for two seafood processors
Shucks Maine Lobster will open an 18,800-square-foot facility on the Maine State Pier in January. Ready Seafood Co. will expand its existing operations on the pier.
Posted inBusiness, Local & State, News
Maine’s jobless rate unchanged for June
The unemployment rate stays at 6.8 percent, better than the national rate and the lowest it has been since November 2008.