Business and Economy

Scallop season
4:00 pm
Wed October 1, 2014

Maine Panel Approves 2014-15 Scallop Rules

PORTLAND, Maine - A key Maine advisory council is approving the rules for the state's forthcoming scallop fishing season.

The state Department of Marine Resources said Wednesday that the council signed off on proposed rules for the season. The rules call for the season to last from Dec. 1 to April 11. Zones one and two will have a 70-day season while zone three will have a 50-day season. Zone three includes scallop-rich Cobscook Bay.

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Lost Valley Reopens
3:55 pm
Wed October 1, 2014

Auburn Community Ski Area to Reopen

Chair lifts at the Lost Valley ski area in Auburn.
Credit Susan Sharon / MPBN

AUBURN, Maine - Going on what they say is a "leap of faith," the owners of Lost Valley in Auburn held a news conference today to announce a turn of events at the financially troubled ski area.

"We're going to open!  Yay!  We're excited, yes.  We pulled it off," said Connie King, one of the owners of the facility, where legions of school children have learned how to ski since 1961.  

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Heating fuel prices
6:19 am
Wed October 1, 2014

Maine Heating Prices Down as Fall Begins

PORTLAND, Maine - A Maine government survey says the average price of heating oil in the state has dropped 6 cents from earlier this month to $3.32 per gallon.

Great Northern bankruptcy
5:01 pm
Tue September 30, 2014

Cutler Lambastes LePage Administration Over GNP Tax Deal

The Great Northern Paper mill in East Millinocket.
Credit File photo

PORTLAND, Maine - Independent gubernatorial candidate Eliot Cutler lashed out today at the LePage administration for encouraging a tax credit scheme two years ago for the Great Northern Paper Company. With the company's recent bankruptcy filing, Cutler says Maine taxpayers are now on the hook for $16 million, and have no jobs in Millinocket to show for it.

 

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Personal income
1:24 pm
Tue September 30, 2014

Maine Residents' Personal Income Increases

PORTLAND, Maine - Maine residents' income rose during the April to June quarter.

The Bureau of Economic Analysis says Tuesday that Maine personal income went up 1.5 percent in the quarter. The increase places the state second in New England and matches the national average increase.

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Business
9:50 am
Tue September 30, 2014

Nora Flaherty Joins the MPBN News Team

Nora Flaherty
Credit MPBN

The Maine Public Broadcasting Network announces the arrival of Nora Flaherty as its newest addition to the MPBN News staff. Flaherty comes to MPBN from North County Public Radio in Canton, New York, where she worked as a reporter, host and producer of "All Before Five," which aired live just before NPR’s "All Things Considered," and, most recently, as NCPR’s first digital editor.

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Business and Economy
7:17 am
Tue September 30, 2014

Cod Fishing Restrictions Up For Vote This Week

PORTLAND, Maine — Federal regulators will consider emergency restrictions to the Gulf of Maine's cod fishery this week.

The New England Fishery Management Council will consider the restrictions at its meeting in Hyannis, Massachusetts this week. The three-day meeting begins on Tuesday and concludes Thursday. Officials say the restrictions will most likely come up for debate on Wednesday.

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Jobs program
5:35 pm
Mon September 29, 2014

Maine Community College Gets $2.5M for Job Program

FAIRFIELD, Maine - The federal Department of Labor is giving $2.5 million to Kennebec Valley Community College in Maine for training programs in industries including health care, construction and social assistance.

The grant is part of the department's Trade Adjustment Assistance Community College and Career Training initiative. The funding will help pay to hire and train instructors to expand the college's capacity for courses and certification programs. It will also help expand online programs, develop new methods of training, and buy new equipment for specific fields.

Energy costs
4:19 pm
Mon September 29, 2014

Maine Governor Seeks Federal Intervention in Pipeline Dispute

AUGUSTA, Maine - Electric bills are rising as New England prepares for the winter heating season, and Gov. Paul R. LePage is asking the Federal Energy Regulatory Commission - or FERC - to address skyrocketing energy prices in the region.

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Great Northern bankruptcy
3:58 pm
Mon September 29, 2014

3 Creditors Want GNP Bankruptcy Moved to Maine

EAST MILLINOCKET, Maine - Three Maine-based creditors want to move the Great Northern Paper Co. bankruptcy case from Delaware to Maine.

The creditors contend Maine's attorney general, the towns of East Millinocket and Millinocket and the employees' unions all support moving the federal bankruptcy proceedings to Maine. The creditors' petition seeks to stop a meeting of creditors that's scheduled for Oct. 15 in Delaware, where the holding company is based.

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