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PublishedNovember 19, 2015
Liquidation group wins auction for bankrupt Lincoln paper mill
Four bidders participated in Thursday’s auction, none of them paper mill operators, and an attorney for the mill’s union workers says he expects it will be sold for scrap.
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PublishedNovember 16, 2015
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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PublishedNovember 10, 2015
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.
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PublishedNovember 8, 2015
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.
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PublishedOctober 29, 2015
Comcast tests pricing that bills Maine Internet customers for data used
But because of consumers’ complaints, companies are likely to continue rolling out the usage-based models slowly.
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PublishedOctober 28, 2015
Falling gas prices nick WEX income in 3rd quarter
The South Portland-based vehicle fleet payments company reports a 25 percent drop in revenue, but its CEO says recently announced acquisitions will reduce the company’s exposure to volatile gas prices.
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PublishedOctober 19, 2015
Maine trade delegation sets sights on China’s vast middle class
The group is heading overseas to build ties that will bring students and vacationers to the state and find more buyers for seafood and other products.
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PublishedOctober 16, 2015
WEX announces $80 million acquisition of billing software firm
The South Portland-based payment technology company intends to acquire Benaissance, a Nebraska-based health care software company, by year’s end.
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PublishedOctober 13, 2015
LePage tells Lewiston crowd: ‘I care for the poor’
About 50 people turn out in the governor’s hometown to hear him talk about his plans to lower the state income tax, reform welfare and reduce energy costs.
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PublishedOctober 9, 2015
Lincoln Paper finds potential buyer to begin auction at $5 million for its machinery
A federal bankruptcy judge OKs the purchase agreement and reapproves a loan allowing the mill to continue operating during bankruptcy proceedings.
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