But the Yarmouth navigation company might be able to use a separate ‘stunning’ ruling to try to get the penalty overturned.
Whit Richardson
Posted inBusiness, Local & State
Verso considering sale of Maine mill, bankruptcy
Despite the acquisition of former rival NewPage, the paper company has lost $511 million over the past year.
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Posted inThe Startup Line
Maine native wins prestigious TED Prize, $1 million to tackle a bold idea
Sarah Parcak, who grew up in Bangor, is using satellite data to locate archaeological sites looted by the Islamic State in northern Iraq and Syria.
Posted inBusiness, Local & State, News
Fueled by trucks, Maine auto sales get revved up in 2015
Overall volume is flat, but revenues are up 7 percent so far, as buyers favor new over used and go with pricier models.
Posted inBusiness, Local & State, News
Portland to pursue building municipal high-speed broadband network
The city reveals its plan in a request for proposals related to a fiber-optic connection to municipal buildings on Canco Road.
Posted inBusiness, Local & State, News
Loopholes corked in New Markets Tax Credit programs
Newly clarified federal guidelines would have prevented Maine from handing over millions in taxpayer dollars to out-of-state financiers.
Posted inBusiness, Local & State, News, Politics
Lawmaker fights for tax credit reform bill
State Rep. Ryan Fecteau will appeal the Legislative Council decision to exclude his proposal to stop misuse of the New Markets program.
Posted inThe Startup Line
Cyteir Therapeutics raises $5.5M to fight cancer
The Cambridge-based biotech startup is a for-profit spin-off of The Jackson Laboratory in Bar Harbor.
Posted inThe Startup Line
Two Maine companies are crushing their Kickstarter goals
Deep Blue Design and Zootility Tools each raise more than triple their original crowdfunding goals
Posted inBusiness, News
Two companies consolidate in Maine’s composite industry
Kenway Corp. in Augusta acquires the assets of Brunswick-based Harbor Technologies.