advertisement
Posted inBusiness, News

Finest Hearth files for bankruptcy

Finest Hearth Inc. has closed its stores and is liquidating its business. The company, which ran Finest Hearth and Home stores in Portland, Yarmouth and Topsham, filed a voluntary petition for Chapter 7 bankruptcy on Monday.

The company’s unsecured creditors include more than 200 customers with deposits totaling $451,201.

Posted inBusiness

Panel: Taxpayers’ loss in auto bailout receding

LOS ANGELES – The government’s giant bailout of the U.S. automotive industry appears to be working, but it’s still not clear whether taxpayers will recoup their investment, a congressional watchdog panel said Thursday. The taxpayers’ position has “starkly improved” since the last review by the Congressional Oversight Panel in September 2009. At the time, the […]

Posted inBusiness

Apartment rents likely to soar, development experts predict

ORLANDO, Fla. – Apartment dwellers could be facing double-digit rent increases in the coming years as a shortage of new multifamily units coupled with a rise in prime renter-age households gives landlords clout they haven’t seen since the mid-1990s, development experts said Thursday. “Demand pressures are building. It’s not bad today because rents have been […]