Business and Economy

Business news

Tom Porter / MPBN

WESTBROOK, Maine - Independent U.S. Sen. Angus King visited Maine's oldest paper mill Friday to promote legislation he recently introduced that would classify sustainably-harvested biomass as a renewable energy source. King says such a move would benefit businesses in Maine by helping them come into line with federal standards.

By Patrick Whittle, The Associated Press
PORTLAND, Maine - A White House pledge to veto proposed changes to federal fishing laws is dividing fishermen over whether the rule changes should be saved or scrapped.

Representative Don Young, an Alaska Republican, wants to change the Magnuson-Stevens Fishery Conservation and Management Act to provide fishery managers with more flexibility in rebuilding fish stocks.

PORTLAND, Maine - Maine's unemployment fell to its lowest point in nearly eight years with a seasonally adjusted rate of 4.7 percent in April.

State labor officials say the April rate is a drop of 0.1 percentage points from March, and 1.1 points from a year ago. They also say the number of unemployed people fell 8,300 over the course of the year to 32,100.

Maine's employment to population ratio of 60.2 percent was above the nationwide rate of 59.3 percent. The nationwide preliminary unemployment rate for March was 5.4 percent. New England averaged 5 percent.

By David Sharp, The Associated Press

PORTLAND, Maine — The craft beer industry is getting bigger and smaller at the same time.

The number of small, local breweries is exploding even as large craft brewers like Boston Beer Co., Sierra Nevada Brewing Co. and New Belgium Brewing Co. continue to grow.

UNION, Maine - A Maine woman is among three herbalists facing a lawsuit by a Massachusetts company, as part of an ongoing trademark dispute. A year ago, Katheryn Langelier, who owns Herbal Revolution Farm and Apothecary in Union, joined two other herbalists in asking the U.S. Patent Office to revoke the trademark of a product called "fire cider."