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Source: Maine Credit Union League

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News from August 23, 2013

August 23, 2013

With scrapping of sub, Electric Boat announces layoffs

Nearly 100 workers will lose their jobs, and one reason cited is the loss of repair work to the USS Miami, which was damaged by arson in Maine.

August 23, 2013

Patrick Dempsey sues partner in Tully's Coffee purchase

Dempsey Challenge The actor, a Maine native, says his partner deceived him by not disclosing that he'd be borrowing against the coffee company's assets.

August 24, 2013

Maine Military Authority to cut 140 jobs in Limestone

The refurbisher of military vehicles cites the drawdown of troops and equipment in Iraq and Afghanistan as the reason for the layoffs.

August 23, 2013

U.S. new-home sales plunge as mortgage rates rise

Though new homes represent only a fraction of the housing market, they have an outsize impact on the economy.

August 24, 2013

Microsoft CEO Ballmer to retire within a year

In a statement, Ballmer noted that the company is moving in a new direction and needs a CEO that will be there for the longer term.

August 23, 2013

New technology, politics and prices generate uncertainty for utilities

Utilities like Georgia's Southern Co. make multi-billion dollar investments based on decades-long economic forecasts, but today's climate of rapidly-changing technology, volatile fuel prices and changing regulations makes it easy to second-guess their decisions.

August 23, 2013

Wal-Mart pushes 'made in America' at summit

The world's largest retailer hopes to capitalize on the company's recent commitment to drive more manufacturing in the U.S.

August 23, 2013

LePage headed home after manufacturing summit

LePage was joined by a half-dozen other governors at the event, which he called 'a big step in the right direction to attract and keep more businesses in the U.S.'

August 23, 2013

UPS will not insure some spouses

Nonunion employees' working husbands and wives will lose benefits.

August 23, 2013


August 23, 2013

Yahoo's Web traffic tops Google's

August 23, 2013

A rare political battle for Fed chief

 Front-runners Janet Yellen and Larry Summers are likely to be the hot topic as central bankers meet.

August 23, 2013

Maine railway's legal fees to hinder pay for victims?

A judge fears a 'run-up' of costs in MM&A's bankruptcy, leaving little funds left to compensate victims of the Quebec disaster.

August 23, 2013

New England shoe companies out of step on tariff

 But New Balance, with three plants in Maine, supports an import duty, as six other companies urge eliminating it.