NEW YORK — For stock investors, there was no shortage of drama in October. Stocks started the month modestly below a record high, only to cascade to their worst slump in two years. But after flirting with a correction, or a 10 percent drop, the U.S. market rebounded and closed at all-time highs on the […]
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Posted inBusiness, Franklin
Jay, Livermore Falls managers predict hard times for Bucksport
JAY — A day after Verso Paper announced it would close its Bucksport mill by the end of the year, people here said they sympathize with the 570 workers who will lose their jobs. They know the effects of a mill closing. Wausau Paper closed its Otis Mill, which straddled the Jay and Livermore Falls […]
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Posted inFranklin, The Franklin Journal
Hayden Bros. Shoe Co in Wilton prepares to close
WILTON — After more than 40 decades in business, Hayden Bros. Shoe Co. started a closing sale last week. No closing date has been set but before winter, Manager Victoria Geis said Friday. The sale is to liquidate stock before the building is sold, she said. Evangeline Hayden, Geis’ mother, is the sole owner and has […]
Posted inBusiness, Lewiston-Auburn
T.G.I. Fridays in Auburn closes doors
AUBURN — Casual food and drink chain T.G.I. Fridays closed its Twin Cities’ restaurant Sunday. The Turner Street restaurant was closed due to business reasons, according to a company statement. “This was a very difficult decision, as we understand the impact it has on our guests who enjoyed dining at our restaurant and on our […]
Posted inMaine, sj-web
Hannaford decison forcing Winthrop food pantry to close after 22 years
WINTHROP (AP) — A Winthrop food pantry that serves 100 area families is closing down after 22 years because the Maine-based supermarket that provided most of its food is changing the way it makes donations. Samuel Richards, pastor of East Winthrop Baptist Church, said a new policy by Hannaford Supermarkets to limit donations to food […]
Posted inMaine, sj-web
United Technologies to close Pittsfield plant
PITTSFIELD (AP) — A United Technologies Corp. company has announced that is closing a plant in Maine, costing the state about 300 jobs. UTC Fire & Security announced Tuesday that its Pittsfield plant would close for good in March 2015, and the work shifted to three other company facilities, one in the U.S, and two […]
Posted inMaine, sj-web
Landmark Portland tire business closing after 88 years
PORTLAND (AP) — A landmark Portland tire company is closing its doors after nearly nine decades in business. Century Tire is scheduled to close Friday after 88 years. Owner Dick Aronson said his Kennebec Street shop is the oldest family-owned tire company in New England. The 78-year-old Aronson got into the business in 1961 and […]
Posted inMaine, sj-web
Amato’s to close in Houlton, Presque Isle
HOULTON — Fifteen employees in Houlton and Presque Isle will enter the new year knowing that they lost their jobs now that two Amato’s Restaurants in Aroostook County are closing. The franchises in Houlton and Presque Isle, owned by Micah Desmond and his wife, Jessica, will close Saturday, Desmond announced Wednesday. At the same time, […]
Posted inBusiness, sj-web
Biddeford manufacturer to close, lay off 40 workers
BIDDEFORD — A Maine company that only a few years ago was named one of the country’s fastest growing manufacturers has laid off 40 workers and will be closing its doors after 34 years in the business, according to a recent document filed with the U.S. Department of Labor. Flotation Technologies, founded in Biddeford in […]
Posted inBusiness, Maine, sj-web
Owners shuttering Brunswick sustainable living market
BRUNSWICK — An eco-friendly retail goods store on Maine Street in Brunswick is closing this month. The owners of Shift Sustainable Home Goods said they’re not going out of business because they weren’t doing well financially. In fact, they said, the business was profitable. But in an ironic twist, Corie Washow and Rob Schulz said […]