LePage hails new Eastport seafood processing plant

Republican Gov. Paul LePage is applauding the news that a new seafood processing facility is about to launch in eastern Maine.

LePage said Monday that Campobello Holdings will soon begin operations at its new plant in Eastport. He says the company plans to create 15 jobs over the next two years.

The facility will be used to process, blast freeze, package and export lobster and other seafood products.

The governor says “the new processing facility will serve as a direct link from Maine waters to markets across the globe.”

 

Southwest Airlines besieged by 10,000 job applicants

Southwest Airlines, which last hired flight attendants from outside the company in 2011, received applications at a rate of 80 a minute, amassing 10,000 resumes for 750 openings.

“It was the first time we did that in a while, and of course anytime we do it, it’s like opening up the floodgates,” Chief Executive Officer Gary Kelly told employees in a weekly recorded message. “We knew it would be the same this time.”

The deluge of applications in two hours and five minutes at Dallas-based Southwest underscores the demand for work even as U.S. economic growth gathers pace.

 

American Express agrees to pay to end investigation

American Express has agreed to pay at least $75.7 million to end an investigation into what regulators said was misleading marketing of some discontinued card products.

The Federal Deposit Insurance Corporation said Tuesday that American Express led consumers to believe that an account protection product would work for up to two years when the benefits usually lasted no more than three months, and it didn’t properly explain the enrollment process for a product intended to protect against identity theft. It said 85 percent of consumers who signed up didn’t complete the enrollment process, but they were billed anyway.

 

Cracker Barrel investor says he’s considering takeover bid

Cracker Barrel’s largest shareholder says he is considering a bid for the restaurant chain as part of his efforts to change the company. Sardar Biglari, through his investment firm Biglari Holdings, owns nearly 20 percent of Cracker Barrel Old Country Store Inc.’s shares. He has tried and failed multiple times to win a seat on the board.

Biglari said in a letter Tuesday that the company’s earnings power is “far too low” under current management and urged Cracker Barrel to consider selling itself. He said he could lead the process by submitting a bid and was talking with an investment bank about funding, but gave no further specifics. He said he would need to change Tennessee state law in order to make a successful bid for the company.

– From staff and news service reports