Debt holders will receive shares of stock in lieu of cash, and the papermaker hopes to emerge from bankruptcy by late July.
J. Craig Anderson
J. Craig Anderson is a seasoned business reporter who covers a wide range of topics including banking, finance, real estate, technology and entrepreneurism. Originally from Arizona, Craig graduated Summa Cum Laude from the University of Arizona journalism school and has gone on to report for a variety of business and consumer publications such as the Business Journal of Phoenix, the Las Vegas Sun and the Arizona Republic. His work has earned him national recognition including Sigma Delta Chi and APA Journalism awards. Craig also served in the Army for four years, working as an intelligence analyst and Arabic linguist for the National Security Agency in Maryland. He currently lives in Freeport.
Posted inBusiness, News
Maine existing-home sales jump 25 percent from a year ago
High demand and low interest rates fuel the May surge and the 2.8 percent rise in the median price.
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Posted inBusiness, Maine, News
Islesboro voters OK move toward becoming Maine’s first ‘gigabit island’
Islanders approve a $3.8 million bond package to build ultra-fast fiber-optic internet service for homes and businesses.
Posted inBusiness, Maine, News
Maine Startup and Create Week 2016 underway in Portland
Hundreds of entrepreneurs converge on the city to network and learn new skills.
Posted inMaine, News
Portland City Council to vote Monday on raising legal age to buy tobacco
If approved, the proposed ordinance would increase the age requirement from 18 to 21.
Posted inMaine, News
Second Zumwalt-class stealth destroyer christened at Bath Iron Works
The future USS Michael Monsoor is named after a Navy SEAL who was killed saving the lives of others in Iraq.
Posted inBusiness, Maine, News
Charter’s purchase of Time Warner unlikely to improve customer satisfaction
Both companies have similar prices, services – and low ratings from subscribers.
Posted inBusiness
Maine Startup and Create Week 2016 aims for more intimate networking experience
The event that brings together thousands of entrepreneurs begins Monday in Portland.
Posted inBusiness, Maine, News
Unum in talks to outsource tech jobs, reportedly including hundreds in Portland
The company with 3,000 workers in Maine confirms it is talking with ‘partners,’ but won’t address an employee’s claim that it could layoff more than 200 workers in Portland this summer.
Posted inBusiness, Maine, News
Shared ownership program for private jets offers a slice of luxury
QJet Shares, a new subsidiary of MAC Air Group in Portland, will sell each jet to as many as six shared owners.