business
Posted inBusiness, sj-web
Maine lobstermen set record for seventh straight year
In this June 12, 2015 file photo, lobster are seen at the Clam Shack in Kennebunkport, Maine. The state’s lobstermen set a record for the value of the lobster catch for the seventh year in a row. Maine lobsters were worth a little more than $533 million at the docks in 2016, exceeding the previous […]
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Posted inBusiness, sj-web
J.C. Penney to close up to 140 stores
J.C. Penney on Friday said it plans to close between 130 and 140 stores in the next several months, a move that makes it the latest retail stalwart to pull back from the mall amid the rise of online shopping. The department store giant’s latest quarterly results, also released Friday, illustrate its struggle to connect […]
Posted inMaine, sj-web
Snowstorm, Valentine's Day make a big day for florists even busier
PORTLAND, Maine (AP) — A massive snowstorm on the day before Valentine’s Day is making for a busy day for florists in the Northeast. The day before Valentine’s Day is always a busy day in floral shops, but many were unable to open in Maine, New Hampshire and Vermont on Monday because of a blizzard […]
Posted inLewiston-Auburn, Maine
Trump critics eyeing L.L. Bean boycott
Critics of President-elect Donald Trump are eyeing a boycott of Maine retail giant L.L.Bean. The #GrabYourWallet boycott site added the Freeport retailer Friday to its list of companies that consumers opposed to Trump should consider boycotting. Shannon Coulter, a California marketing specialist who created the online boycott list, said Saturday the company landed on the […]
Posted inBusiness, Lewiston-Auburn
Lost Valley opens ‘Adventure Park’ with waterslides and inflatables
AUBURN — Working to expand into a four-season resort, Lost Valley Ski Area is adding an outdoor water park this summer. Featuring nine large inflatable waterslides and play features, the resort has set a grand opening for Monday, June 20, but will have several “preview days” starting June 16. The resort intends to be open from […]
Posted inMaine
Eric Brakey stands alone against bill for big business fund
AUGUSTA — Sen. Eric Brakey, R-Auburn, stood alone Thursday against a bill that could set up a new fund with the Finance Authority of Maine to make large loans to businesses hoping to bring good-paying jobs to the state. The bill, LD 1480, sponsored by Sen. Stan Gerzofsky, D-Brunswick, creates the Maine Capital Investment Program within […]
Posted inLewiston-Auburn, Maine
Poliquin tells Chamber he’s trying to clean up the ‘mess’ called Congress
LEWISTON — Maine 2nd District U.S. Rep. Bruce Poliquin was lauded by the U.S. Chamber of Commerce during the monthly breakfast meeting of the Lewiston Auburn Metropolitan Chamber of Commerce on Thursday. Poliquin, a Republican, was presented with the national business advocacy group’s Spirit of Business award for his work and voting record in Congress […]
Posted inBusiness
Apollo-backed Verso preparing for bankruptcy this week
Verso Corp. is preparing to file for bankruptcy protection as soon as this week as a grace period on a missed interest payment nears expiration, according to two people with knowledge of the matter. Verso’s Androscoggin Mill in Jay employs about 560 people after eliminating about 300 jobs. The paper maker, which is backed by […]
Posted inBusiness
SCORE: Make your small business part of the community
One of the most talked about issues in business today is corporate social responsibility, where a company strives to have a positive effect on the public interest. But CSR isn’t just for large companies. Small businesses have a long and proud tradition of “making a difference,” particularly on the local level. The benefits of community […]