The Municipal Review Committee announced Wednesday that no qualified bidders have come forward to buy the defunct Coastal Resources of Maine plant, which means the MRC is now poised to take ownership of it for $1.5 million.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Nation & World
Fed attacks inflation with its largest interest rate hike since 1994
The move the Federal Reserve announced on Wednesday will increase its benchmark short-term rate, which affects many consumer and business loans, to a range of 1.5% to 1.75%.
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Posted inBusiness, Maine
Maine approves $63 million CMP power line upgrade over residents’ objections
Hundreds opposed the upgrade as benefiting a planned land-based salmon farm to be built in Belfast by Nordic Aquafarms, but regulators noted ongoing problems with the aging line.
Posted inBusiness, News
Hartford voters open door for new winery
The vote by residents of this ‘dry’ town Tuesday will allow Bonaventura Vineyards to open a tasting room and sell its wine at the vineyard later this year.
Posted inBusiness, Nation & World, News
Automakers report nearly 400 crashes of vehicles with automated driver-assist systems
The crashes included 273 involving Teslas, according to new statistics from U.S. safety regulators.
Posted inBusiness, Nation & World, News
Ford recalls almost 3 million vehicles at risk of rollaway crashes
The recall covers certain 2013 to 2019 Escape, 2013 to 2018 C-Max, 2013 to 2016 Fusion, 2013 to 2021 Transit Connect, and 2015 to 2018 Edge vehicles.
Posted inBusiness, Food
The Wrap: Maine food companies win Golden Fork Awards, new restaurant-brewery opens in Wells
Plus, the West End welcomes a new Asian takeout restaurant, and Wild Blueberry Weekend returns this summer.
Posted inBusiness, Nation & World, News
So long, Internet Explorer. The browser is finally retiring
Microsoft has officially sent Internet Explorer into retirement.
Posted inBusiness, Maine
Portland Planning Board questions Roux campus developers at proposal’s first public airing
A proposal to give the former B&M Baked Beans factory a special institutional designation came under scrutiny because the campus would include substantial commercial development in support of the high-tech graduate school.
Posted inBusiness, Maine
Maine’s cannabis black market shrinking faster than expected, survey suggests
The state Office of Cannabis Policy has issued a new, survey-based report saying 64% of Maine cannabis used last fall appears to have been purchased legally.