The company’s CEO cites ‘weak mall traffic trends’ in general, and 55 employees will lose their jobs.
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
Plan to combine health care systems into one advances at MaineHealth
The boards of nine of the nonprofit’s 10 members approve a plan to get feedback from the communities served by MaineHealth affiliates before a final decision is made in the fall.
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Posted inBusiness, Local & State
Moody’s downgrades bond rating for owner of Mercy Hospital
Eastern Maine Healthcare Systems says the low credit rating that stems from a $34.3 million loss in its 2016 fiscal year ‘has no effect on care delivery.’
Posted inBusiness, Local & State, News
Good To-Go of Kittery wins $50,000 in annual LaunchPad competition
The maker of gourmet deyhydrated meals for hikers wins top prize in the contest, which is designed to give early-stage Maine businesses a boost.
Posted inBusiness, Local & State, News
Insurer says lax federal enforcement of ACA mandate fueling jump in individual rates
Community Health Options says the shift by the Trump administration is partly to blame for the nearly 20 percent increase it’s seeking for certain premiums.
Posted inBusiness, News
Harvard Pilgrim seeks 40% rate increase for Affordable Care Act plans in Maine
The company, one of three Affordable Care Act insurers in the state, cites higher costs and market instability.
Posted inUncategorized
Maine regulators approve FairPoint merger with Consolidated
The approval requires Consolidated to invest $52.2 million in Maine network improvements from 2018 through 2020.
Posted inBusiness, Local & State, News
Maine chooses Anthem to administer health insurance plan for state employees, dependents
Anthem beat current administrator Aetna and Harvard Pilgrim for the $5.5 million annual contract that has an initial three-year term.
Posted inBusiness, Local & State, News
Maine developers seek ways to calm the neighbors about new projects
With growth often slowed by opposition, some of it NIMBYism, builders hope to head off resistance before it starts.
Posted inBusiness, Local & State, News
Maine home sales down almost 14 percent in April compared to previous year
The lack of homes also hurts sellers, who fear listing property without finding another one soon.