The Portland-based company had agreed to purchase two travel payment firms for $1.7 billion, but backed out because of the coronavirus pandemic.
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, Local & State, News
Harvard Pilgrim foundation awards $900,000 in COVID-19 relief grants to Maine nonprofits
The grants support food access and meal delivery, services for older adults and immigrant families, social and community services, and emergency response.
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Posted inBusiness, Local & State, News
Maine DEP issues permit for construction of CMP corridor
The environmental permit is one of the last major regulatory hurdles for the $1 billion project.
Posted inBusiness, Local & State, News
More than 20,000 Mainers have filed jobless claims under expanded eligibility program
A federal eligibility expansion implemented May 1 in Maine allows benefits to be paid to unemployed contractors, self-employed workers and others normally ineligible.
Posted inBusiness, Local & State, News
MaineHealth program helps jobless Mainers find health care and insurance
The health care system said it can connect patients with a range of options during the coronavirus pandemic.
Posted inBusiness, Local & State, News
Maine’s highest court gives go-ahead to CMP corridor referendum
The Maine Supreme Judicial Court upholds a lower court ruling to allow the referendum question on the November ballot.
Posted inBusiness, Local & State, News
Maine health centers awarded $4.7 million to expand COVID-19 testing
The federal funding will be distributed among 18 community health centers, according to U.S. Sens. Angus King and Susan Collins.
Posted inBusiness, Local & State, News
Idexx-made COVID-19 test kits get emergency approval from FDA
They are being produced by the Westbrook animal health company’s subsidiary, Opti Medical Systems of Roswell, Ga.
Posted inBusiness, Local & State, News
Think tank projects $1.2 billion budget shortfall for Maine
The nonpartisan Center on Budget and Policy Priorities said Maine faces a huge shortfall by the end of the next fiscal year.
Posted inBusiness, Local & State, News
Portland maker of remote-working tools a finalist in Zoom competition
Friday, a startup that develops remote-working software applications, is vying for an investment of up to $2 million.