The wood fiber insulation manufacturer that brought Madison’s former paper mill back to life had filed for Chapter 11 bankruptcy protection in March.
Business
Business news and information from the Portland Press Herald.
Posted inArts & Entertainment, Business, Local & State, News
Portland City Council will revisit concert venue moratorium
The council’s Sustainability and Transportation committee last week recommended adopting a moratorium to delay a proposed music hall downtown, but the full council still has to vote.
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Posted inBusiness, Local & State
Warren’s Lobster House in Kittery fetches $2.25 million at auction
The highest bidder, a New Hampshire property developer, plans to continue operating the restaurant and keep the property a part of Maine’s dwindling working waterfront.
Posted inBusiness, Local & State, News
Versant Power customers will see another rate increase next month
Maine’s second-largest electric utility serves about 165,000 customers in northern and eastern Maine.
Posted inBusiness, Food, Local & State
Ice Cream Shoppe expands into Yarmouth as Honeycone closes
The Ice Cream Shoppe is already serving scoops off Route 1 after opening the doors of its fifth storefront in Yarmouth.
Posted inBusiness, Local & State, News
Maine home prices set a new record in May
Maine homebuyers paid a median of $425,000 in May, just two months after the state recorded the first price decrease in 6 years.
Posted inBusiness, Health, Local & State
Maine’s hospitals say they’re under threat by proposed Medicaid cuts
Sen. Susan Collins, a key vote, has not indicated whether she will vote in favor of President Trump’s budget bill.
Posted inBusiness, Local & State, News
Maine solar company says tax credit changes could slow installations, force layoffs
Tax credits that would have lasted into the 2030s could end this year under Congress’ latest draft of the budget reconciliation. That could undercut demand for new solar projects.
Posted inBusiness, Local & State
Two Maine paper mills among dirtiest in the country, new study finds
As other mills move away from burning tires as fuel, Maine plants have increased the practice, according to the Environmental Integrity Project, which also says emissions are being underreported. The plants dispute that.
Posted inBusiness, Nation & World, News
Maine rail operator asks feds to remove safety signal at Rigby Yard
The request to ‘retire’ the signal, which alerts train crews to changing or unsafe track conditions, has raised safety concerns among workers in the yard and people who live in neighborhoods that flank one of the largest and busiest rail facilities in the Northeast.