Business

 

Netflix tells Canada regulator it shouldn’t subsidize ‘old media’

By Alastair Sharp, Reuters on Sept. 21, 2014, at 4:10 p.m.
TORONTO — Online video streaming service Netflix Inc. told Canada’s broadcast regulator on Friday that it opposes paying to support “old media” and its own commercial interests and market dynamics were enough to ensure it distributed Canadian content. The submissions from Netflix came on the last day of a two-week …

Survey: US gas prices fall 9 cents over two weeks

By Reuters on Sept. 21, 2014, at 4:03 p.m.
The average price of a gallon of gasoline in the United States fell by 9 cents in the past two weeks, driven by the latest round of falling oil prices, according to the Lundberg survey released on Sunday. Prices fell to an average of $3.37 per gallon for regular grade …
CONSUMER FORUM

Feds sue for-profit college network of predatory lending, phony career services

By Russ Van Arsdale, executive director Northeast CONTACT on Sept. 21, 2014, at 10:40 a.m.
It’s likely that only a small percentage of Maine’s college-age students have even heard of Everest University, Heald College and WyoTech. The three schools are operated for profit by Corinthian Colleges Inc (CCI). None is in Maine; the two closest campuses are in the Boston area. Still, a lawsuit filed …
Facebook Inc.’s Oculus VR unit announced an upgraded prototype of its virtual reality headset that has higher resolution and built-in audio. The new Crescent Bay device also is lighter than the most recent prototype of the Oculus Rift headset the company has made available to developers, Chief Executive Brendan Iribe said on Saturday at an Oculus developers conference in Hollywood.

Facebook’s Oculus unveils new virtual reality prototype device

By Reuters on Sept. 20, 2014, at 4:06 p.m.
LOS ANGELES — Facebook Inc.’s Oculus VR unit announced an upgraded prototype of its virtual reality headset that has higher resolution and built-in audio, but the company said it is not ready to sell a device to consumers. The new Crescent Bay device also is lighter than the most recent …

Additional Mill Stores closing in New Hampshire, Maine

By Morgan Palmer, Foster's Daily Democrat on Sept. 20, 2014, at 3:39 p.m.
STRATHAM, New Hampshire — The owner of the Mill Stores Furniture Outlets has announced additional store closings. On Wednesday, company representatives announced they would be closing both New Hampshire stores in Stratham and Nashua, as well as several of their Massachusetts locations, including Plymouth, Canton, Raynham, Westborough, Yarmouth, West Harwich, …
The former Cumberland County Civic Center, know known as the Cross Insurance Arena, in Portland.

Firm that runs Cross Center in Bangor picked to manage Portland arena

By Darren Fishell on Sept. 19, 2014, at 4:51 p.m.
Trustees for the newly named Cross Insurance Arena have decided to outsource management of the former Cumberland County Civic Center to Global Spectrum, the Philadelphia-based entertainment venue manager that oversees Bangor’s Cross Insurance Center. The trustees for the Cross Insurance Arena voted Friday to begin negotiating a …
From the community
5th Annual Momentum Convention

Leading CEOs to Discuss Staying Relevant in an Ever-Changing Economy

By Broadreach Public Relations on Sept. 19, 2014, at 4:02 p.m.
FOR IMMEDIATE RELEASE Contact: Linda Varrell Broadreach Public Relations (207) 619-7350 lindav@broadreachpr.com Leading CEOs to Discuss Staying Relevant in an Ever-Changing Economy CEOs of Dead River Co., CEI Capital Management, LLC, Kappa Mapping, Inc., and Pineland Farms share their stories at the 5th Annual Mainebiz Momentum Convention CEO Breakfast on …
A town worker mows the Main Street median in front of the shuttered East Millinocket paper mill Sept. 16, 2011.

What is the GNP mill worth? Depends on liens, value and who’s buying

By Nick Sambides Jr. on Sept. 19, 2014, at 3:42 p.m.
EAST MILLINOCKET | Potential buyers of the Great Northern Paper Co. mill would likely assume significant legal and monetary obligations accrued by the current owner, but legal experts think these obligations wouldn’t necessarily be deal breakers for a mill sale. Barry Cohen, a Bangor lawyer with experience in mechanic’s …
From the community

Community Leader Ed Kaelber spearheads fund to support seniors in Hancock County

Bangor Daily News on Sept. 19, 2014, at 3:36 p.m.
Community leader and Birch Bay resident Ed Kaelber is spearheading the creation of a fund to support seniors in need throughout Hancock County. The “Pay it Up Fund,” which is being managed by the Maine Community Foundation, will be used to provide mini-grants each year to seniors in need across …
From the community

Lincoln County Business Resource event slated in Edgecomb

Bangor Daily News on Sept. 19, 2014, at 1:20 p.m.
EDGECOMB, Maine — A free Business Resource Event will be held 8-10:00 a.m. Thursday, Oct. 16, at the Water’s Edge Banquet Facility on Route 1 in Edgecomb. Representatives from a number of federal, state and local business development agencies will be on hand to discuss resources available to support businesses and to network with you …
The former Rockland Walmart is shown in this May 2013 photo. Ocean State Job Lot bought the Walmart property on Route 1 in Rockland in December 2013.

Wal-Mart pursues tax rebate from Rockland

By Stephen Betts on Sept. 19, 2014, at 1:10 p.m.
Wal-Mart is continuing its efforts to get a $100,000 tax rebate from the city, saying that its former Route 1 store was overvalued before it was sold last December. The city is maintaining, however, that the time for the company to appeal the 2013 valuation has expired. …
From the community
Jaime Boyington Rogers

Jaime Boyington Rogers receives statewide leadership award

Bangor Daily News on Sept. 19, 2014, at 1:08 p.m.
BREWER, Maine —  The Maine chapter of the Society for Social Work Leadership in Health Care recently presented Jaime Boyington Rogers, LCSW, MBA, Eastern Maine HomeCare Community Care Team coordinator, with the Social Work Leader of the Year. This recognition is given out to one social work leader annually who exhibit …
From the community

Eight companies receive Governor’s Award for Business Excellence

Bangor Daily News on Sept. 19, 2014, at 12:44 p.m.
AUGUSTA, Maine — Gov. Paul R. LePage presented eight Maine companies with a 2014 Governor’s Award for Business Excellence during a reception Friday at Southern Maine Community College in South Portland. The 24th annual awards, administered by the Maine Department of Economic and Community Development and sponsored by FairPoint Communications, …
Lincoln Paper and Tissue LLC Pres. and CEO Keith Van Scotter

Lincoln tissue mill to restart production on Monday after 10-day shutdown, owner says

By Nick Sambides Jr. on Sept. 19, 2014, at 11:23 a.m.
The Lincoln Paper and Tissue LLC mill will resume production on Monday after what co-owner Keith Van Scotter described Friday as a 10-day maintenance and backlog-management shutdown, one of several this year. “We have sent people home,” said Van Scotter, who declined to say how many. The …
A closeup of an electronic payment station is shown at a Home Depot store in Daly City, California, in this February 21, 2012 file photo.

Home Depot: 56 million cards possibly at risk from data breach

By Andrea Peterson, Washington Post on Sept. 19, 2014, at 11:20 a.m.
Home Depot announced Thursday that a breach at its U.S. and Canadian stores over a six-month period this year may have put an estimated 56 million payment cards at risk. That would make it the largest compromise of debit and credit cards in the string of cyberattacks that have hit …
More than 200 workers at Lincoln Paper and Tissue LLC listen as state Department of Labor and union officials brief them on unemployment benefits during a meeting at Mattamawcook Academy of Lincoln on Dec. 19, 2013.

Maine’s preliminary jobless rate ticks up for first time in a year

By Darren Fishell on Sept. 19, 2014, at 11:01 a.m.
PORTLAND | Maine’s unemployment rate rose slightly in August to 5.6 percent, up from 5.5 percent one month earlier. It’s the first rise in preliminary estimates since one year ago, though unemployment has fallen over the long term. The U.S. Bureau of Labor Statistics estimates put the percentage of …
From the community

Nine Rural Energy for America Program grants awarded in Maine

Bangor Daily News on Sept. 19, 2014, at 11:01 a.m.
Agriculture Secretary Tom Vilsack has announced that USDA is investing in 540 renewable energy and energy efficiency projects nationwide, of which Maine businesses will receive $190,000 through specific nine grants from the Rural Energy for America Program. “These loan guarantees and grants will have far-reaching impacts nationwide, particularly in the rural communities …
PINE TREE ECONOMICS (blog)

Maine Unemployment Rate generally unchanged

on Sept. 19, 2014, at 10:30 a.m.
FROM the BLS: Regional and state unemployment rates were generally little changed in August. Twenty-four states and the District of Columbia had unemployment rate increases from July, 15 states had decreases, and 11 states had no change . . . In Maine, the UER ticked up 0.1 percentage points to …
PINE TREE ECONOMICS (blog)

According to the NYT, to boost incomes, the U.S. should be more like Russia, less like Germany

on Sept. 19, 2014, at 7:27 a.m.
AS noted here yesterday, the statistics thrown around by those concerned that a workforce is lagging in education are sometimes misleading.  In the case of my post yesterday, newly appointed UMaine President Sue Hunter made some curious remarks: A part of it is when you look at educational attainment in …
Carl Flora, president of the Loring Development Authority, talks about the installation of hundreds of solar panels on the old air force base.

Loring Development Authority feeling the power of alternative energy

By Julia Bayly on Sept. 19, 2014, at 6:49 a.m.
LIMESTONE | On an old concrete parking lot next to a deserted building on the former Loring Air Force Base, there is something very exciting and environmentally friendly going on. Every day, from sunrise to sundown, 720 state-of-the art solar panels mounted on 30 dual-axis tracking devices produce up …
 
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