Ratings agencies S&P Global Ratings and Moody’s Investors Service each endorsed MaineHealth with strong credit ratings.
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Posted inBusiness, Local & State, News
Investors’ lawsuit advances against Prime Automotive owner
A Texas law firm claims the owner of Prime Automotive Group, which operates 9 dealerships in Maine, has been running a Ponzi scheme in which investors have lost $1.8 billion.
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Posted inBusiness, Local & State, News
Maine hospitality industry’s revenue could fall by one-third this year, economists say
A preliminary report says the state’s restaurants and lodging businesses stand to lose billions of dollars and tens of thousands of jobs because of the pandemic.
Posted inBusiness, Local & State, News
MaineHealth commits to solar power for half of its energy needs
The state’s largest health care system has signed deals with 3 solar developers and says it expects to save $1 million a year in electricity costs.
Posted inBusiness, Local & State, News
Maine had record year for returning unclaimed property
The state treasurer says his office paid out $17 million to more than 30,500 claimants in fiscal 2019-20.
Posted inBusiness, Local & State, News
Maine’s in-home service providers operating under new house rules
Businesses that rely on working in customers’ homes are either finding ways to adapt to the coronavirus pandemic or staying on the sidelines.
Posted inBusiness, Local & State, News
Federal emergency loan program for small businesses ends Tuesday
All remaining loan applications for the Paycheck Protection Program must be submitted by the end of the day.
Posted inBusiness, Local & State, News
Portland-based Wex secures $400 million private investment
The investment by New York-based private equity firm Warburg Pincus LLC will help Wex navigate ‘the current uncertain operating environment,’ it said.
Posted inBusiness, Local & State, News
Meat prices rise in Maine as grocers seek to stabilize supply chains
COVID-19 outbreaks at meat-processing plants have cut into supply, but supermarket chains are coming up with solutions to boost inventory and reduce prices on a variety of goods.
Posted inBusiness, Local & State, News
Mills’ economic recovery committee urges school reopenings, broadband expansion
The committee was tasked with recommending steps state government could take immediately to stabilize the Maine economy.