The forecast is lowered from ‘stable’ to ‘negative,’ due to high Medicaid costs and weak fiscal reserves.

BATH – Bath Iron Works and its largest union have reached a tentative agreement on a four-year contract, both sides said Thursday. The contract improves pensions and wages and “holds the line” on health care costs for employees, said John Carr, a spokesman for the International Association of Machinists and Aerospace Workers. “The negotiating committee […]

Bill Williamson replaces Betsey Timm, who served in that position since 2004 and will retire in June.

Hostess, which is embroiled in its second bankruptcy in less than a decade, employs 18,500 workers nationally, and 370 workers in Biddeford.

S.L. Wadsworth of Eastport wins the Institute for Family-Owned Business’ Maddy Corson Award.

The Portland-based biotechnology company cites growing sales of its bovine product First Defense.