Shares of the company immediately rose by 6 percent on news of the strong earnings.
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
Unum reports record profits in 2016
The Tennessee-based disability insurance provider employs 3,000 workers in Maine.
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Posted inBusiness, Local & State, News, Politics
Business leaders fear Trump travel ban will have chilling effect on Maine economy
The message to immigrants and threat of future policy changes will inhibit innovation and keep foreign workers badly needed by businesses from coming to the state, they say.
Posted inBusiness, Local & State, News
Waterfront project worth as much as $30 million hinges on Portland zoning change, official says
‘There likely will not be a project’ if Americold can’t get the height limit raised for its proposed cold-storage warehouse, says the head of the Maine Port Authority.
Posted inBusiness, Local & State, News
Dead River sells South Portland office building to New York investor
While the sale price was not disclosed, the City Assessor valued the property at $15.8 million in 2016.
Posted inBusiness, Local & State, News
Hotel occupancy flat in Maine with more supply on the way
As many as eight new hotel projects will create up to 650 additional rooms in 2017 and beyond.
Posted inBusiness, Local & State, News
Demand from cannabis-related businesses pushes Portland industrial real estate demand higher
Brokers at an annual conference said landlords are getting more relaxed about leasing to marijuana growers and sellers.
Posted inBusiness, Local & State, News
Real estate conference surveys surging demand, new construction across southern Maine
At the annual conference of the Maine Real Estate and Development Association, more than 700 people gather to hear bullish forecasts for 2017.
Posted inBusiness, Local & State, News
InterMed won’t take new patients insured by Community Health Options
The Portland-based health care provider cites the insurer’s ‘financial struggles’ and concerns that the co-op won’t be able to pay claims.
Posted inBusiness, Local & State, News, Schools and Education
Alfond foundation donates $1.5 million to Saint Joseph’s to boost nursing education
The grant will help fund the college’s Center for Nursing Excellence in Standish at a time when Maine faces a shortage of nurses in the workforce.