Business and Economy

Business news

PORTLAND, Maine - Some residents of Maine's largest city say they oppose a planned redevelopment that could transform Portland's waterfront.

The Portland Press Herald reports that more than 50 people attended a Portland City Council meeting on Monday night about a developer's request for a zone change for the former Portland Co. complex.

PORTLAND, Maine - Fishery regulators last night heard testimony about the future of the Gulf of Maine shrimp fishery. The winter shrimping season has been canceled the last two years because of worry about declining numbers of shrimp.

Steve Train is a commercial fisherman who sits on the Atlantic States Marine Fisheries Commission, which oversees the shrimp fishery.

WASHINGTON - Congressional leaders say they will bring sweeping trade legislation forward in April, including the Trans-Pacific Partnership that covers Japan and 10 other countries. The stated goal is to lower trade barriers and allow more exports from the United States and imports to this country from the region.

But the legislation is getting a cool reception from Maine’s congressional delegation.

Downeast LNG is submitting new environmental reports to a federal agency for review, as part of a plan to build a liquified natural gas import-export terminal on the shores of Passamaquoddy Bay.

CAMDEN, Maine - The planned merger of two banks would create the largest Maine-based bank in the state. Camden National Bank and the Bank of Maine announced today they plan to join together under the Camden National Bank name.

The new bank will surpass Bangor Savings Bank in size, and, according to Camden National CEO Gregory DuFour, will hold about 10 percent of all Mainers' bank deposits.

DuFour says although current Bank of Maine customers will see their bank's name change, it's not yet clear what else might change.