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SEC accuses ex-Old Town mill owner of fraud

Lynn Tilton, the self-proclaimed billionaire and former owner of the Old Town Fuel & Fiber mill, is being accused of fraud by the U.S. Securities and Exchange...

Nursing home agrees to pay $1.2M settlement

Ross Manor, an elderly nursing center in Bangor, has agreed to pay $1.2 million as part of a settlement with federal prosecutors over allegations of inflated Medicare...

BIW lands $620M Navy contract

Bath Iron Works has received a $620 million award to build one DDG-51 class destroyer — work that is part of a larger, multi-year procurement contract.

As BIW adapts for future, labor unrest boils over

Around 1,000 union workers at Bath Iron Works marched Tuesday in protest of a new policy that previously caused unrest among union workers 15 years ago.

Bucksport mill parts sold in auction

Canadian scrap metal company American Iron and Metal continued with its plans to scrap Verso Paper's former mill in Bucksport with an equipment auction this week.

Madison mill competitor under investigation

A Canadian mill that competes with Madison Paper Industries in Maine is now under investigation by the U.S. Department of Commerce for subsidies it received.

Demolition of Bucksport mill could start this spring

A representative of American Iron & Metal, the Canadian scrap metal company that purchased the shuttered Verso Corp. paper mill in Bucksport for $60 million in February, told town officials on...

TechPlace gears up for Phase II industrial space

Lori Valigra |

TechPlace, the new startup incubator at Brunswick Landing being developed by the Midcoast Regional Redevelopment Authority, is gearing up for its Phase II expansion.

Italian firm to spend $6M on Lewiston plant

Italian manufacturer Modula said it plans to spend $6 million on upgrades for a subsidiary’s plant in Lewiston — an investment expected to eventually create 70 new...

Pellet plant proposed in Penobscot County

A small-scale wood pellet manufacturing plant has been proposed in the northern town of Mattawamkeag, where it will have to pass voter approval.