Maine business
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PublishedApril 4, 2020
Maine hotels and inns scramble to respond to lodging suspension
The industry Saturday rushes to start canceling April reservations and begin planning for an uncertain future.
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PublishedApril 2, 2020
Maine unemployment claims hit new record of nearly 24,000 last week
As many as 87,000 Mainers will be out of work by the end of June because of coronavirus, one economic policy group estimates.
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PublishedApril 1, 2020
Frosty’s permanently closes Gardiner, Freeport locations
Company owners Nels and Shelby Omdal say they are making this move now to preserve their company in the long run.
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PublishedMarch 26, 2020
Maine unemployment claims skyrocket to record 21,500 in 1 week
Nationally, almost 3.3 million workers filed for unemployment last week, the highest single-week total on record, as disruption from the coronavirus pandemic shook the U.S. economy.
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PublishedFebruary 19, 2020
Maine company envisions using lobster blood in new drugs
Lobster Unlimited of Orono is investigating whether the crustacean's circulatory fluid can be a potential weapon against viruses and cancer.
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PublishedFebruary 18, 2020
Portland Co. property developers propose new business, tax district
The Portland Foreside Development Co. says it needs city help financing as much as $70 million in public improvements to help its ambitious business district plans.
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PublishedFebruary 7, 2020
L.L. Bean wades into New York Fashion Week with clothing ‘inspired by the outdoors’
For the first time in its 108-year history, the Freeport retailer had a collection shown on a fashion runway in New York on Wednesday. The clothes will be on sale in the fall.
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PublishedJanuary 27, 2020
Saddleback buyer gets final piece of financing package
The Finance Authority of Maine board unanimously approved $2.5 million in loan insurance on a $12.5 million loan, along with a $1 million direct loan.
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PublishedJanuary 24, 2020
Fast-growing Wex to acquire two companies in $1.7 billion deal
The acquisition would enhance Wex's payment processing position in the global travel industry.
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PublishedJanuary 19, 2020
Sappi Somerset Mill in Skowhegan receives new food safety certification
The certification means the company meets a Food Safety Management Standard that applies to all products produced at the paper mill after its rebuild of its Paper Machine 1.
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