Business and Economy

FairPoint strike
5:15 pm
Fri October 17, 2014

Striking FairPoint Workers: We're Trying to Keep Good Jobs in Maine

Maine 1st District Rep. Chellie Pingree, a Democrat, joins FairPoint workers picketing in Portland Friday.
Credit Patty Wight

PORTLAND, Maine - Nearly 2,000 employees at FairPoint Communications began picketing at work sites across Maine, New Hampshire, Vermont today, after months of contract negotiations broke down. Union employees say FairPoint leaders are trying to outsource jobs and cut health and pension benefits. FairPoint emerged from bankruptcy just a few years ago, and a company official says it needs to trim costs to stay competitive.  

 

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Business and Economy
8:56 am
Fri October 17, 2014

More Than 1,700 Fairpoint Workers Go On Strike

FairPoint workers picket in Portland Friday morning.
Credit Patty Wight / MPBN

By David Sharp, The Associated Press

PORTLAND, Maine — FairPoint Communications is assuring telephone and Internet customers that the company has plans in place to deal with the strike by more than 1,700 workers in Maine, New Hampshire and Vermont.

Company spokeswoman Angelynne Amores Beaudry also said Friday that the company remains willing to listen to any union proposal that "meaningfully addresses the core issues of these negotiations."

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Business and Economy
6:13 am
Fri October 17, 2014

Maine Heating Prices Dip in Early October

PORTLAND, Maine — A Maine government survey says the average price of heating oil in the state dropped 5 cents from the end of September to $3.27 per gallon.

UMaine cuts
4:12 pm
Thu October 16, 2014

UMaine-Orono: Help Us Figure Out How to Cut $7 Million

The University of Maine campus in Orono.
Credit NightThree / Wikimedia Commons

ORONO, Maine - The University of Maine at Orono will cut $7 million from its budget in fiscal year 2016.  Administrators made the announcement at a morning meeting on campus, where they asked faculty and staff in different departments for feedback on where to come up with the cuts.

 

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Ocean cluster
1:49 pm
Thu October 16, 2014

New England 'Ocean Cluster' Aims to Boost Maine's Maritime Economy

A view of the Iceland Ocean Cluster in Reykjavik.
Credit Photo: Courtesy Ocean Cluster Iceland

PORTLAND, Maine - Ocean-related businesses in Maine are teaming up with an Icelandic entrepreneur to establish a so-called "cluster" - or business incubator - on Portland's waterfront. The aim is to grow the local economy and commercialize new maritime products and services.

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