News from August 14, 2012

August 14, 2012

Scarborough looks for ways to collect late business taxes

With $86,000 in personal property levies unpaid as 2011 ended, the town works on enforcement methods.

August 14, 2012

Coastal Enterprises gets $1.45 million to help Maine businesses

The CEO said the money will provide the necessary “seed” capital to participate with banks and other sources to help starting or expanding projects meet their goals.

August 14, 2012

Maine mill's parent company files bankruptcy plan

NewPage, which has about 900 employees in Rumford, had net sales of $3.5 billion last year.

August 14, 2012

NY regulator settles with bank in Iran money probe

A New York banking official says Standard Chartered Bank of Britain will pay a $340 million civil penalty to the state.

August 14, 2012

GM recalls big vans to fix possible fuel leaks

The vans were sold in all 50 states, but the recall affects only those sold or registered in Canada and 20 states, including Maine.

August 14, 2012

For lobster world championship, chefs kick it up a notch

Portland chef Steve Corry will host the final heat at his home in Scarborough on Wednesday.

August 14, 2012

Popular South Portland butcher shop sold

 The new owner of Smaha's, a former Hannaford executive, plans to run the market with the same family atmosphere.

August 14, 2012

Medical pot ads bring Denver backlash

Free joints! Cheap weed! Come on down! Marijuana advertising in Denver can be shockingly aggressive, with psychedelic billboards and sign wavers promoting potent weed and an affordable high.

August 14, 2012

Chinese companies pull out of US stock markets

Some Chinese companies say they are pulling out of U.S. markets because a low share price fails to reflect the strength of their business. Withdrawing also eliminates the cost of complying with American financial reporting rules.

August 14, 2012

Datebook



August 14, 2012

On the Move



August 14, 2012

Cable providers pulling ahead on high-speed Web

Landline phone firms see their first quarterly loss of broadband subscribers as slower speeds take a toll.

August 14, 2012

Olympics tourist trade: London built it, but visitors didn't come

The games drew mostly domestic spectators and brought less tourist money than expected.

August 14, 2012

Briefcase



August 14, 2012

Designers oblige as wealthy splurge on kids' wardrobes

Stores add sections with high-end clothes and others open freestanding shops to meet the growing demand.

August 14, 2012

Google to cut 4,000 jobs at Motorola unit

 It bought the struggling cellphone pioneer a short time ago, mainly to use its patents to fight lawsuits.

August 14, 2012

Asia reports snap stocks' win streak

Neil Catania, Edward Curran The market falls on news of slower-than-expected economic growth in Japan and China in the last week.

August 14, 2012

FedEx to offer buyouts, trim payroll amid slow demand

 More customers switch to slower delivery methods to conserve their cash.

August 14, 2012

New Windham park may emerge from development deal Several photos included in this story

 The town bought the land around Chaffin Pond last year and wants to install a dog park, fishing dock, pavilion and other amenities.

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