The Department of Defense recommends reducing the number of new Arleigh Burke-class ships planned for 2021-25 from 12 ships to seven.
maine businesses
Posted inBusiness, Local & State, News
Supplements makers face contempt motion that alleges violation of FTC settlement
Health Research Laboratories and Whole Body Supplements, which ship from Maine, violated a settlement order by continuing to claim without evidence that their supplements could treat and cure diseases, the FTC said.
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Posted inBusiness, Local & State, News
Maine consumers with disputes wait months on inundated watchdog office
The short-staffed state Consumer Protection Division faces a daunting backlog.
Posted inBusiness, Local & State, News
Time & Temperature Building’s new owners vow to bring back Portland icon’s ‘glory days’
Chris Rhoades and Andrew Preston say they’ll decide how to use the downtown building’s mostly vacant office tower and submit their restoration plans to the city by February.
Posted inBusiness, Local & State, News, Outdoors
Buyers postpone Saddleback purchase while state reviews backing
The sale of the closed ski resort will be pushed into early next year while the Finance Authority of Maine reviews the buyer’s application for state-backed debt insurance.
Posted inBusiness, Local & State, News
November decline hurts Maine’s overall home sales in 2019
The state had been on track for a record year before single-family home sales dropped by nearly 8% last month from the same period in 2018.
Posted inBusiness, Local & State, News
Chris Sauer, co-founder and CEO of Ocean Renewable Power Co., is retiring
The well-known entrepreneur will remain involved in the Portland company as an adviser.
Posted inBusiness, Local & State, News
Panel considers gas tax, state money to boost Maine’s highway funding
A commission scheduled to finish work at the end of 2019 will ask for more time to draft a long-term solution to Maine’s road funding shortfall.
Posted inBusiness, Local & State, News
Bangor Savings Bank to acquire Damariscotta Bank & Trust
The combined company would have $4.8 billion in assets and more than 60 branches in Maine and New Hampshire.
Posted inBusiness, Local & State, News
More turnover at Covetrus as executive accused in investors’ lawsuit steps down
Executive Vice President and Chief Financial Officer Christine Komola leaves her job two months after the company’s former president and CEO, Benjamin Shaw.