Business and Economy

Business news

New data released by Airbnb shows the number of summer guests renting homes in Maine through the company nearly doubled in the last two years, with hosts making $55.7 million this summer.

Courtesy of Whole Oceans

BUCKSPORT, Maine — The company planning to build an Atlantic salmon farm at the former Verso Paper site announced on Tuesday plans to construct a fish processing facility across town that would employ 40 to 50 workers.

Troy R. Bennett / BDN

The staff of Maine’s utilities regulatory commission said on Tuesday that customer complaints of high bills are not the result of a systemic error in Central Maine Power Co.’s metering or billing system but were caused by high energy usage.

Darren Fishell / BDN

Maine's Office of the Public Advocate is recommending the highest penalty it has ever sought against a Maine electricity provider.

Opponents of Central Maine Power’s controversial plan to build a new transmission line through western Maine have quietly submitted language that could lead to a statewide vote on the project.

KITTERY, Maine - Maine and New Hampshire are expected to pay $5 million to a contractor to settle the firm's claim that design deficiencies led to increased costs and delays over the Sarah Mildred Long Bridge.

The July unemployment rate in the Portland-South Portland metro area dipped nearly half a percentage point, to 1.9%, the lowest jobless rate in years in any of Maine's three metro areas. That's according to preliminary figures from the federal Bureau of Labor Statistics, which also found low unemployment rates in the state's two other urban areas.

US Exports To Lobster-Loving China Plunge Amid Tariffs

Aug 26, 2019
Robert F. Bukaty / Associated Press

PORTLAND, Maine — U.S. lobster exports to China have fallen off a cliff this year as new retaliatory tariffs shift the seafood business farther north.

Tom Porter / Maine Public File

Maine fishery regulators are planning a second round of meetings with lobstermen in the state to prepare for potential new restrictions designed to protect endangered whales.

Mark Lennihan / AP

Maine taxpayers will have to spend more than $1 million to upgrade state computer software because Microsoft will no longer provide free security updates for the aging operating system.

Brian Boru Public House Will Close After More Than 25 Years

Aug 23, 2019
Troy R. Bennett / Bangor Daily News

On Thursday, popular Portland pub Brian Boru Public House announced that it will be closing permanently. On its Facebook page, the business announced that at 1 a.m. on Monday, August 26, the business will close its doors for the last time.

Officials in Maine's largest city say they deny obstruction charges in a developer's lawsuit about a failed project that never came to pass.

Robert F. Bukaty / Associated Press file

A Belfast-based building products company has purchased the shuttered Madison mill, and says it expects manufacturing to resume there by this time next year.

A fishing magnate known as the Codfather will never be allowed to return to U.S. fisheries, the federal government said Monday in announcing it has settled its civil case against a man whose arrest for shirking quotas and smuggling profits overseas shocked the East Coast industry.

PORTLAND, Maine - Veterinary diagnostics company Idexx is in line for up to $16 million in tax breaks when its new Westbrook headquarters opens next month.