Business

 
RESEARCH SHOWS

No country for dictators: Why Trump will have to govern, not rule by threats and tweets

on June 21, 2017, at 10:28 a.m.
Uber CEO Travis Kalanick speaks to students during an interaction at the Indian Institute of Technology (IIT) campus in Mumbai, India, Jan. 19, 2016.

Uber CEO resigns under investor pressure

By Heather Somerville and Joseph Menn, Reuters on June 21, 2017, at 7:28 a.m.
Uber Technologies Inc. CEO Travis Kalanick, co-founder of one of the most influential technology companies of its generation, resigned Tuesday under pressure from investors after a string of setbacks.
Carly Fiorina, former Republican vice presidential candidate and CEO of Hewlett-Packard, speaks at a campaign event in Indianapolis, Indiana, May 2, 2016. Fiorina earned a major in philosophy while at Stanford University, where she was interested in the roots of human understanding of knowledge, opting to read Plato and Aristotle in the original Greek.

For philosophy majors, the question after graduation is: What next?

By T. Rees Shapiro, The Washington Post on June 21, 2017, at 6:49 a.m.
It turns out the answer is just about anything.

Wall Street falls on oil tumble, consumer sector and Fed worries

By Sinead Carew, Reuters on June 21, 2017, at 6:39 a.m.
U.S. stocks closed lower on Tuesday as a sharp drop in oil prices hurt energy stocks and retail stocks were pulled down by concerns about Amazon.com’s plan to boost its apparel business, while investors also worried about future Federal Reserve rate hikes.
POLL QUESTION
Dick Hall was the vice president of manufacturing at the former Dexter Shoe Company.

$325 loafers could bring shoe manufacturing back to Maine

By Lindsay Putnam on June 21, 2017, at 1 a.m.
Sixteen years after Dexter Shoe Co. closed, shoe manufacturing might be coming back to Maine — in the form of $325 hand-sewn penny loafers.
The owner of J's Oyster Bar in Portland has agreed to plead guilty to tax evasion and pay the state government more than $1 million in back taxes.

Owner of landmark Portland eatery to plead guilty to tax evasion, faces jail time and $1M in back taxes

By Jake Bleiberg on June 20, 2017, at 6:07 p.m.
“The truth is I do owe the sales tax. I have no problem with that,” Cynthia Brown said. “But … I have in good faith been paying all this money back.”

Woodlands Senior Living of Brewer to Participate in Annual Alzheimer’s Association Longest Day

By Fairfield Bonsall on June 20, 2017, at 4:26 p.m.
OPPORTUNITY KNOCKS

Keeping yourself Healthy While Traveling for Business

on June 20, 2017, at 3:46 p.m.
POLL QUESTION

Maine Legislature votes to ban cellphone use while driving

By Christopher Cousins on June 20, 2017, at 2:47 p.m.
The bill establishes penalties of $75 for a first offense and fines of up to $500 along with license suspensions for subsequent violations.

CES, Inc. announces new hire

By Jessamine Pottle on June 20, 2017, at 1:39 p.m.

Sale of Bangor Gas parent to Cayman Island fund gets Maine OK

By Darren Fishell on June 20, 2017, at 1:25 p.m.
Maine regulators Tuesday approved the sale of Bangor Gas parent company Gas Natural Inc. to a Cayman Island investment fund recently purchased by the New York investment firm Blackrock Inc.

Grand re-opening for Whole Grain Bakeshop in new retail location, and food drive for Brewer pantry

on June 20, 2017, at 1:14 p.m.

Starbucks set to hire 2,500 refugees in Europe

By Reuters on June 20, 2017, at 1:10 p.m.
U.S. coffee chain Starbucks Corp. said Tuesday it will hire 2,500 refugees in Europe as part of a wider worldwide hiring plan, months after the policy prompted a backlash from some customers.
START UP BANGOR

Innovate for Maine Spotlight: Fred Knight and His Internship

on June 20, 2017, at 12:41 p.m.

Maine regulators won’t fine FairPoint for bad landline service

By Darren Fishell on June 20, 2017, at 12:29 p.m.
Regulators decided against slapping FairPoint Communications with hefty fines for repeatedly missing service quality benchmarks for its landline service, instead requiring the company to pay for specific network improvements.
Elvers sit in a net in Card Mill Stream in Franklin in a 2015 photo.

Maine man pleads guilty to illegal trafficking in baby eels valued at $375K

By Beth Brogan on June 20, 2017, at 12:22 p.m.
He faces up to five years in prison with a maximum of 3 years supervised release.
Anne Weinberg of Chase Stream Farm in Monroe smiles next to some of the produce she was selling recently at the new United Farmers Market of Maine in Belfast. Thanks to recently enacted food sovereignty legislation, small producers like Weinberg will have an easier time selling their products locally.

LePage signs food sovereignty law, the first of its kind in the nation

By Julia Bayly on June 20, 2017, at 6:02 a.m.
Supporters of food sovereignty want local food producers to be exempt from state licensing and inspections governing the selling of food as long as the transactions are between the producers and the customers for home consumption.

Wall Street hits record highs on strong technology, health stocks

By Sinead Carew, Reuters on June 20, 2017, at 6 a.m.
U.S. stocks rose on Monday, with the S&P 500 and the Dow hitting record highs with growth sectors such as technology in favor again as investors appeared to regain confidence in the economy after upbeat comments from Federal Reserve officials.
OPPORTUNITY KNOCKS

Great gifts to get your coworkers

on June 19, 2017, at 8:42 p.m.
The Arleigh Burke-class guided-missile destroyer USS Fitzgerald, damaged by colliding with a Philippine-flagged merchant vessel, is seen at the U.S. naval base in Yokosuka, Japan, on June 18, 2017.

Former shipbuilder says quality of Bath-built USS Fitzgerald saved lives in crash

By Beth Brogan on June 19, 2017, at 7:02 p.m.
“Basically the DDG was T-boned by a ship much larger than itself. It’s a testimonial to the workers that BIW can produce a quality ship that can withstand that type of catastrophe.”
 

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