In its third-quarter earnings report, the Portland-based company takes the massive charge in an attempt to square its value on paper with its present reality.
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.
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Portland-based ImmuCell reports big revenue boost for 3rd quarter
The biotech company said it has eliminated a production bottleneck that restricted sales in 2018 despite increased customer demand.
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Ex-military CEO says hiring veterans makes good business sense
Joshua Broder, who now runs Tilson Technology Management in Portland, says the work ethic, team thinking and the leadership training soldiers receive translate well to civilian jobs.
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Sale of Hancock County wind farm project puts it on fast track toward completion
The Weaver Wind project, scheduled to go online by October 2020, is expected to produce enough energy to power up to 20,000 homes annually.
Posted inBusiness, Maine, News
Maine Med gets approval for $59 million medical office building in Scarborough
The town’s planning board clears the way for the new Maine Medical Partners building at its Route 1 campus.
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New owner pledges to transform former tannery site in Berwick
Great Falls Construction of Gorham says it has purchased the former Prime Tanning Mill property with the goal of redeveloping the nearly 12-acre site.
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Amid leadership change, Idexx reports double-digit earnings growth for third quarter
The Westbrook-based veterinary diagnostics firm revised its earnings forecast downward for the fourth quarter, citing the added costs of transitioning to a new CEO.
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Wex reports 19 percent revenue growth for third quarter
The Portland-based payment processing firm’s quarterly adjusted net income increased by 16 percent from a year earlier.
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Lebel & Harriman owners selling majority stake to employee group
Owners Mike Lebel and Phil Harriman have been operating the Falmouth-based financial services firm for over 40 years.
Posted inBusiness, Maine
Program matches preservation-minded buyers with historic Maine properties
Protect and Sell, which is run by Maine Preservation of Yarmouth, has facilitated six sales thus far.