Sears Holding got a $200 million line of credit to help stabilize its finances, but more stores are expected to close.
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Posted inBusiness, Local & State, News
Cianbro wins another big contract for work at Kittery yard
The $27 million award is to repair and upgrade a dry dock at Portsmouth Naval Shipyard.
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Posted inBusiness, Local & State, News
Anjon’s restaurant, a family-owned Scarborough mainstay, is for sale
The owner of the family-owned Italian eatery, which was built in 1954, wants to focus on growing the restaurant’s line of jarred pasta sauces.
Posted inBusiness, Local & State, News
New locator service helps people find lost insurance benefits
The service searches nationally for lost life insurance policies and annuities of the deceased.
Posted inBusiness, Local & State, News
Maine’s Cioppa named vice president of insurance commissioners association
The association establishes national standards and best practices, conducts peer reviews and coordinates regulatory oversight.
Posted inBusiness, Local & State, News
Maine Technology Institute awards $1.2 million to assist business clusters
The award is directed at the state’s food and composites clusters, and it leveraged $1.4 million in matching private money.
Posted inBusiness, Local & State, News
Three Maine companies win governor’s excellence awards
Geaghan’s Pub and Craft Brewery of Bangor, Systems Engineering of Portland, and Landry/French Construction Co. of Scarborough are honored.
Posted inBusiness, Local & State, News
Maine PUC delays decision on changes to homeowner solar incentives
Regulators say they need more time to ensure their decision is fair to ratepayers and the small generators who use the program to recoup the cost of roof panels.
Posted inBusiness, Local & State, News
Maine technology awards trigger $37,384 of private financing for startups
The Maine Technology Institute makes awards to seven Maine companies in its latest round of funding.
Posted inBusiness
NBT Bank chooses leader of Maine expansion as new president and CEO
John Watt opened the bank’s Portland headquarters in 2014 and assembled a team of local bankers.