The Portland company attributed the decline to a prolonged period in which it was unable to keep up with customer demand.
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
Business leaders will ask Maine lawmakers to modify minimum wage increase
Representatives of the restaurant and retail industries say rules for tipped workers and inflation-based increases would hurt small businesses.
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Posted inLocal & State, News, Politics, Uncategorized
Maine voters approve raising the minimum wage
The initiative to raise the state minimum wage to $12 an hour by 2020 had a commanding 56 percent of the vote when the Associated Press called the measure.
Posted inLocal & State, News, Politics, Schools and Education
Many of Maine’s 1 percent will likely seek loopholes if voters pass school tax, economists say
Question 2 would impose a surcharge on Mainers with annual income over $200,000, who likely have the means to get top-quality financial advice.
Posted inBusiness, Local & State, News
Out-of-network costs to soar for members of Maine health insurance co-op
Deductibles will rise as much as 472 percent next year as Community Health Options pressures members to use cheaper in-network services.
Posted inBusiness
Strong earnings for WEX push stock to 2016 high
The South Portland company reported third-quarter revenue of $287.8 million, up 27 percent from a year earlier.
Posted inBusiness, Local & State, News
Camden National reports $10.9 million profit in third quarter
The Maine-based bank’s net income was up nearly 70 percent from a year earlier.
Posted inBusiness, Local & State, News
Key health insurer in Maine drops elective abortion coverage
Community Health Options, a major provider under the Affordable Care Act, says it has to cut costs in 2017, but losing that benefit could hurt some women who can’t afford to pay.
Posted inBusiness, Local & State, News
Maine ATM network slow to embrace chips
Only about 12 percent of MasterCard’s Portland ATMs are equipped with the high-security readers.
Posted inBusiness, Local & State, News
ImmuCell closes on $3.5 million private funding round
The Portland animal health products maker said the money will allow it to complete a $20 million expansion.