Maine news, sports, weather from Portland Press Herald / Maine Sunday Telegram, Portland, Maine

July 2, 2012

GlaxoSmithKline to pay $3 billion for health fraud

In the largest health-care fraud case in history, GlaxoSmithKline will pay $3 billion and plead guilty to hiding safety information and promoting two popular drugs for unapproved uses.

July 2, 2012

Four companies accused of insurance fraud in Maine

The Insurance Superintendent said the companies must cease doing business in Maine and pay $260,000 in civil penalties in addition to restitution and interest.

July 2, 2012

TD Bank to ramp up hiring in August

The Portland-based bank hopes to bring 1,600 jobs to South Carolina by 2016 as part of a large expansion effort.

July 2, 2012

Camden National Bank to sell two branches

The First will buy the 63 Union Street branch in Rockland and the 145 Exchange Street building in Bangor.

July 2, 2012

China court: Apple pays $60M to settle iPad case

Apple has paid $60 million to settle a dispute in China over ownership of the iPad name, a court announced Monday, removing a potential obstacle to sales of the popular tablet in the Chinese market.

July 2, 2012

Pieces fall into place for eastern Maine wind project

When completed, the 34-megawatt Bull Hill will give First Wind enough capacity in Maine to supply the energy for 85,000 homes.

July 2, 2012

Young Maine upstarts blaze a trail

With passion and a bit of daring, Maine entrepreneurs have launched businesses in challenging economic times.