Business

 
Former AIG CEO Maurice Greenberg testifies at the House Oversight and Government Reform hearing on Capitol Hill in Washington, D.C., in this 2009 file photo.

Ex-AIG chief Greenberg tells New York AG to drop fraud case

By Karen Freifeld, Reuters on Jan. 29, 2015, at 7:50 p.m.
NEW YORK — With a scheduled trial just four weeks away, the former chairman of American International Group Inc. said New York’s attorney general should abandon his nearly decade-old fraud case against him, calling it a waste of taxpayer dollars in pursuit of a hollow “trophy” victory. Maurice “Hank” Greenberg, …
Bob Roy a wildlife biologist with Massacusets-based First Wind ties the ribbon to the guard rails of the wind turbine #1 at the Stetson Wind Project in T8-R3 in preparation for the ceremonial opening in this 2009 BDN file photo. The company started it's commercial operation of the 38 turbine 57 megawatt capacity project that started over two years ago. Maine Gov. John Baldacci and First Wind president and CEO Paul Gaynor spoke at the event.

SunEdison finalizes $2.4 billion purchase of First Wind

By Nick Sambides Jr. on Jan. 29, 2015, at 7:06 p.m.
PORTLAND | SunEdison closed its $2.4 billion purchase Thursday of First Wind, placing the latter’s five Maine wind-to-energy facilities under the umbrella of the world’s largest renewable energy company, officials said. The SunEdison deal was finalized at about 5 p.m., several hours after First Wind bought back its ownership …
Taking part in the Jan. 29 ceremony announcing the $2 million gift from Next Generation Foundation to support The Aroostook Medical Center'’s Aroostook Cancer Care were (from left) Brenda Baker, manager of Aroostook Cancer Care; Gene Lynch II, chair of the The Aroostook Medical Center Foundation board of trustees; Randy Bacon, director of ancillary services; Robert Umphrey, treasurer of the EMHS Foundation; Dr. Arjun Sood, director of medical oncology; Sylvia Getman, The Aroostook Medical Center president and CEO; Betty Dumond, cancer survivor and current patient of Aroostook Cancer Care, with her husband, Jim; Gail Clukey, caregiver; Maureen Hamilton, cancer survivor; and Milford “Mif” Dow, survivor and current patient. All signed their names on a support beam that is part of the construction project for the expanded cancer center.

Aroostook Medical Center receives $2 million gift to help cancer patients

By Scott Mitchell Johnson, Presque Isle Star-Herald on Jan. 29, 2015, at 6:20 p.m.
PRESQUE ISLE | Cancer patients in northern Maine received good news Thursday with the announcement of a $2 million gift from a philanthropic organization to The Aroostook Medical Center. Half of the grant money from the Next Generation Foundation of Maine is designated toward construction of the Aroostook Cancer …

US insurance regulators aim to improve consumer cybersecurity protections

By Reuters on Jan. 29, 2015, at 4:59 p.m.
The National Association of Insurance Commissioners has created a cybersecurity task force to increase protection of consumer information collected by insurers and held by state insurance departments as well as to monitor the cyber insurance market. The NAIC is the group through which state insurance regulators coordinate regulatory oversight for …
An employee pushes carts in front of the Shaw's in Ellsworth in this 2010 BDN file photo. The Maine Human Rights Commission found that Shaw's discriminated against older employees in a region wide layoff in 2012 that affected mostly older full-time workers.

Shaw’s Supermarkets discriminated against older workers, Maine Human Rights Commission found

By Abigail Curtis on Jan. 29, 2015, at 4:14 p.m.
AUGUSTA | A major New England grocery chain discriminated against older workers in the way that it implemented a company-wide layoff in November 2012, the Maine Human Rights Commission found this week. That decision may have some far-reaching consequences, according to Jeffrey Young, an Augusta-based employment law attorney who …
From the community

Portland Buy Local hosts book club Feb. 24

By Debra Tenenbaum on Jan. 29, 2015, at 2:42 p.m.
Tuesday, Feb. 24, 2015 7 p.m. to 8:30 p.m. Location: Local Sprouts Cooperative, 649 Congress Street, Portland, Maine For more information: portlandbuylocal.org Portland Buy Local is hosting its second Buy Local Book Club on Tuesday, February 24 to discuss the first nine chapters of The Town that Food Saved by …
From the community

Family-Owned Company Awarded Bangor Region Chamber’s ‘Business Of The Year’ Award

By Sutherland Weston on Jan. 29, 2015, at 2:28 p.m.
The Bangor Region Chamber of Commerce selects one business each year that has demonstrated a consistent dedication to serving the region with integrity, innovation and excellence to be awarded it’s ‘Business of Year’ award. This year that honor has been awarded to family-owned R.H. Foster, headquartered in Hampden, Maine. Starting …
City, state and Ocean State Job Lot officials participated Saturday morning in a grand opening ceremony for the retail store in Rockland.

Ocean State Job Lot seeks $55,000 tax cut from Rockland

By Stephen Betts on Jan. 29, 2015, at 12:29 p.m.
Ocean State Job Lot has filed for a property tax abatement that, if granted, would slash its annual bill by more than $55,000. The abatement request was filed Jan. 14 with the Rockland assessor by attorney Timothy Woodcock on behalf of Ocean State Job Lot of Rockland. …
Meghan Osborne greets one of her clients at Blue Dog Day Care in Brunswick.

Blue Dog Day Care sees business explode with move to former Navy base in Brunswick

By Peter L. McGuire, The Forecaster on Jan. 29, 2015, at 11:42 a.m.
When she opened Blue Dog Day Care in November, Meghan Osborne suspected business would be good, but she didn’t expect to have a full house every day. “I don’t know if I thought we were going to reach the limit in the first two months,” Osborne said …
From the community
Robert P. Gerseny, JD, President of Bar Harbor Trust Services

BHBT WELCOMES ROBERT GERSENY AS PRESIDENT OF BAR HARBOR TRUST SERVICES

By BHBTCathy on Jan. 29, 2015, at 11:41 a.m.
NEWS RELEASE FOR IMMEDIATE RELEASE CONTACT: Cathy Planchart, VP Corporate Communications & Community Relations Bar Harbor Bank & Trust P.O. Box 1089, Ellsworth, ME 04605 207-667-0660 x4655 / cplanchart@bhbt.com DATE: January 29, 2015 TITLE: ROBERT GERSENY JOINS BAR HARBOR BANK & TRUST Bar Harbor, Maine – Curtis C. Simard, President …
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Kevin Clark (left) and Chris Faulhaber play their daily 2:30 p.m. round of foosball with coworkers at CashStar's new Portland digs on Tuesday.

Gallup: Happy employees live healthier lives, have lower health care costs

By Jackie Farwell on Jan. 29, 2015, at 9:48 a.m.
Many companies jumping on the wellness bandwagon slap a fruit bowl on the conference table and call it good. But helping employees feel engaged in their jobs can lead to a healthier, happier workforce that costs employers less, according to a new Gallup report. Employees who are invested in their …
From the community
David Schneider

Bernstein Shur Welcomes Business Attorney David Schneider

By Broadreach Public Relations on Jan. 29, 2015, at 9:33 a.m.
FOR IMMEDIATE RELEASE Contact: Jennifer Gerrett 207-228-7111 Portland, and Augusta, ME, and Manchester, N.H. (January, 29, 2015) – Bernstein Shur, one of northern New England’s largest law firms, welcomes David Schneider to the firm’s Portland, Maine office. Schneider joins the firm’s Business Law Practice Group. He is part of a …
President, founder and CEO of Facebook Mark Zuckerberg speaks during a Reuters interview at the University of Bogota January 14, 2015.

Facebook’s new challenge: Sell Wall Street on spending

By Alexei Oreskovic, Reuters on Jan. 29, 2015, at 8:01 a.m.
SAN FRANCISCO — Facebook’s big spending plans are facing a tough reception on Wall Street. The Internet social networking company, which has dazzled with two years of breakneck revenue growth, is struggling to win support for plans to pump billions of dollars into infrastructure and businesses ranging from virtual reality …

Logging tops the list of the 20 deadliest jobs in America

By Max Ehrenfreund, Washington Post on Jan. 28, 2015, at 8:55 p.m.
WASHINGTON — From “The Deadliest Catch” to “Reno 911,” there are plenty of popular representations of Americans doing dangerous work. Yet, occupations with the highest risk of death are not always the ones you hear about. This chart shows data from the U.S. Bureau of Labor Statistics for the 20 …

Massachusetts company may bring 50 jobs to Belfast

By Abigail Curtis on Jan. 28, 2015, at 6:01 p.m.
City councilors decided this week to apply for a $1.1 million state community development block grant in an effort to encourage a Massachusetts-based company to open a branch in Belfast. OnProcess Technology, based in Ashland, Massachusetts, has more than 1,000 employees in several locations around the world …

Craig Ramini of Tomales, producer of rare American mozzarella, dies at 57

By Paul Liberatore, The Marin Independent Journal on Jan. 28, 2015, at 4:56 p.m.
TOMALES, California — Craig Ramini, a former software consultant who made national news when he bought a herd of water buffalo and made fresh buffalo mozzarella on his farm in Tomales, died Jan. 17 at the University of California at San Francisco Medical Center of complications from non-Hodgkins lymphoma. He …
This sketch shows the Main Street view of a building proposed by Berenson Associates, the Massachusetts developer responsible for Freeport Village Station.

Boston-based developer clears hurdle in effort to buy Freeport retail block

By Kate Gardner, The Forecaster on Jan. 28, 2015, at 4:47 p.m.
Contract zoning has been approved for demolition and reconstruction at 56-58 Main St., although the overall project has yet to be officially approved. Berenson Associates, the Boston-based development company responsible for Freeport Village Station, has signed a purchase-and-sale agreement to buy The Denney Block from George Denney …
From the community

Maine Employers Planning to Hire More Than 140 Paid Computing and IT Interns in 2015

By Nicole Evans on Jan. 28, 2015, at 4:40 p.m.
Students earn an average of $16 per hour and get real-world experience PORTLAND, ME—January 28, 2015—Fifteen Maine companies and organizations have committed to help strengthen the chance that today’s college students will find full-time employment by hiring more than 140 paid computing and IT interns this year. Students will get …
From the community

New training program from EMDC and EMCC

By Eastern Maine Development Corporation on Jan. 28, 2015, at 3:28 p.m.
EMDC and Eastern Maine Community College are teaming up to offer free training for careers in Fine Woodworking. Classes begin February 16 and will continue through June. Those who complete the course will earn 14 college credits. While the program and classes are free, students must qualify for and be …
POLL QUESTION
Darah Kirstein is the head of digital workplace employee engagement at BNY Mellon.

Study finds fewer than 1 in 3 Maine workers are engaged in their jobs

By Seth Koenig on Jan. 28, 2015, at 2:10 p.m.
PORTLAND | Nearly seven of every 10 Maine workers is not engaged in their jobs, according to the results of a recent Gallup study. But that number — in which 68.5 percent of Maine respondents were determined to be either “not engaged” or “actively disengaged” in their work — …
 
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