Maine by the numbers

A daily snapshot of the state's economy

Maine Retail Sales

Q4 – 2013

$4.53 Billion

Q4 – 2012

$4.45 Billion

Source: State of Maine

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Past Headlines

News from December 18, 2013

December 18, 2013

Stocks soar as Federal Reserve eases stimulus

Now that investors have an outline for how the Fed will pull back, they can move forward.

December 18, 2013

L.L. Bean to give $1.6 million to community organizations

The gifts ranged from $500 to $25,000 to organizations ranging from the Appalachian Trail Conservancy to Preble Street community center.

December 18, 2013

Insurers extend health premium deadline by 10 days

The move reduces the risk that coverage could be interrupted for consumers switching plans under the federal overhaul.

December 18, 2013

Fed will scale back stimulus by $10 billion in January

The economy is gaining steam, and the Fed is ‘now recognizing the trend and decided to go with the flow,’ says one economist.

December 18, 2013

Whole Foods loses its taste for Chobani

Part of the decision to discontinue selling the popular brand of yogurt might be fueled by the chain’s push to phase out foods that use genetically modified ingredients.

December 19, 2013

Judge approves bidding process for bankrupt Maine railroad

Meanwhile, MM&A trains rolled into Lac Megantic, Quebec, for the first time since the July disaster that took 47 lives.

December 18, 2013

Wealthy avoiding taxes by moving assets to no-tax states

The asset shifts mirror steps corporations such as Google have taken across national borders to lower the taxes they pay.

December 18, 2013

App-boosted bicycle wheel helps pedal Several photos included in this story Video clip included

The device, which replaces the back wheel of a bike, uses a smartphone connection to kick in power.

December 18, 2013

Proposed bus service from Auburn to Boston hits snag Several photos included in this story

The private transport company is concerned that Maine will decide to subsidize competing travel by train.

December 18, 2013

Maine businesses export winter fun to cities

A sledding and skating structure at Fenway Park is the latest example of providing ‘wintertainment.’

December 18, 2013

Investors like Facebook’s plan for video ads

But some question whether users will tolerate the videos on a site used to connect with friends.

December 18, 2013

Briefcase

News items from the business world

December 18, 2013

Three ex-soldiers plead guilty for using insider information on Army contracts

The case shows how easily contractors can profit from military work.

December 18, 2013

Family-run Nelson & Small executes smooth break-up

With no one interested in taking over the Portland distributorship, second-generation owners sell off key parts.