The Westbrook company generated quarterly revenue of $492 million and net income of $70.5 million, but missed analysts’ revenue projections.
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Posted inBusiness, Maine, News
Allagash founder lends voice to effort to buy Budweiser parent company
Rob Tod says brewers need to stay independent so they can support their local communities.
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Posted inBusiness, Maine, News
Developers propose another massive solar array, this time in Clinton
The proposed $30 million array would power 7,000 homes, similar to a proposal in Fairfield.
Posted inBusiness, Maine, News
Systems Engineering expands top management
The IT services provider promoted Matt McGrath to president, among other changes.
Posted inBusiness, Maine, News
Bigelow Laboratory chooses new top executive
Deborah Bronk of the Virginia Institute of Marine Science will take over as president and CEO of the East Boothbay marine research institute March 1.
Posted inBusiness, Maine, News
Northeast Bancorp’s income doubles
Its board of directors declares a cash dividend of 1 cent per share to be paid to investors Nov. 20.
Posted inBusiness
Westbrook eatery says it was hacked, urges customers to get new cards
Corsetti’s Italian restaurant is also advising customers to activate a 90-day fraud alert with the three major credit reporting bureaus.
Posted inBusiness, Maine, News
Maine’s hospitality trade groups merge to amplify their lobbying voice
The Maine Restaurant Association and Maine Innkeepers Association say they’ll be stronger together as they take on industry challenges.
Posted inBusiness, Maine, News
Bangor Savings to acquire Granite Bank of New Hampshire
The combined entity would have over $4 billion in assets and 59 branches in Maine and New Hampshire.
Posted inBusiness, Maine, Maine Cannabis Report, News, Politics
Maine House and Senate pass bill to regulate pot sales, but it’s not veto-proof
Lawmakers say the rules for the marijuana market will help implement the will of Maine voters, but the governor, an opponent of marijuana, may not go along.