Bath Iron Works announced on Thursday the U.S. Navy has exercised an option to add an additional DDG 51 destroyer to the multiyear contract awarded in 2023. “We are proud to be selected to build this ship for the U.S. Navy and to continue our legacy of contributing to the nation’s defense,” Charles F. Krugh, […]
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Local & State, News
After more than 3 decades, the Taste of Waterville has reached its end
The annual Taste of Waterville, which brought thousands to downtown to dine, see old friends and listen to live music, has been discontinued. Organizers are considering options for future events.
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Posted inBusiness, Health, Local & State, News
Health insurance rates in Maine set to skyrocket
Two major factors are driving up insurance rates in Maine: rising costs of prescription drugs and little competition in Maine’s market.
Posted inBusiness, Local & State, News
Is Maine experiencing a ‘wedding gap’?: Less tradition, lower budget
How the wedding industry is changing and what it means for couples, their families, and people who earn a living from weddings.
Posted inBusiness, Local & State, News
Tariffs on Canadian goods have increased to 35%. How will Maine be affected?
A pact between the U.S., Canada and Mexico exempts the vast majority of imports from the new tax. But the changes will still hurt Maine’s people and businesses, according to the state chamber of commerce.
Posted inBusiness, Nation & World, News, Politics
Trump injects new dose of uncertainty in tariffs as he pushes start date back to Aug. 7
President Donald Trump’s order imposing new tariffs on goods from scores of countries and the European Union starting in seven days has injected a new dose of uncertainty in an already uncertain process
Posted inBusiness, Health, Lewiston-Auburn, Local & State, News
Central Maine Healthcare notifies patients of data breach in June
While the hospital system’s computers were down following the breach, patients reported barriers to care and medications for urgent health concerns.
Posted inBusiness, Local & State, News
Bath Iron Works wins contract to build new U.S. Navy destroyer
The vessel is to be named after Cpl. Kyle Carpenter, the youngest living Medal of Honor recipient.
Posted inBusiness, Local & State, News
New downtown Portland ambassador program aims to address growing safety, cleanliness concerns
In the wake of increased complaints from business owners, a nonprofit organization is dispatching a team to help clean up needles, graffiti and waste, and to respond to calls about loitering and drug use.
Posted inBusiness, Health, Lewiston-Auburn, Local & State, News
Central Maine Healthcare tells employees it’s planning layoffs, source says
Officials with the hospital system declined to comment publicly on the announcement Thursday.