The papermaker with about 550 workers in Jay lost $88 million, down from $122 million, and is nearing the end of its bankruptcy reorganization process.
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.
Maine home sales went through the roof in April, but prices flat
Low interest rates and a limited inventory are motivating buyers to get into the market, Realtors say.
Union sues Bath Iron Works over arbitrator’s outsourcing decision
The machinists union accuses arbitrator James Cooper of siding with BIW in a contract dispute so he could secure future work with the company.
Maine tech firm provides ‘feet’ for robot warrior
Howe & Howe is lending its tank-building expertise to help create a ‘human-controlled monster’ that will take on a Japanese machine in a fight between giant ‘piloted robots.’
Skilled-worker shortage crimps new construction in Maine
The lack of labor, partly because of better pay elsewhere, reduces bids for projects and delays some of them just as the industry is getting busier.
Sen. Angus King gets requirement for U.S.-made athletic shoes into Senate defense bill
The provision for the Department of Defense would provide a boost to New Balance, which employs 900 workers at factories in Maine.
Portland’s Time & Temperature Building lands in foreclosure
Facing low occupancy and years of neglect, the downtown landmark is seized by the bank.
Company seeking to acquire Fairchild reports decline in revenue, profit
Special non-operational costs contributed to the first-quarter declines for Phoenix-based ON Semiconductor.
Oxford’s Keiser Homes shutting down, laying off more than 120 workers
The shutdown is part of its bankrupt parent company’s nationwide liquidation.
Pirates’ departure from Portland sparks suggestions for new revenue
Sports executives and others see opportunity for new uses of the Cross Insurance Arena and raise again the specter of a convention center.