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Banking & Finance

Verso bankruptcy reorganization gets the go ahead

Staff |

A judge at the U.S. Bankruptcy Court in the District of Delaware has confirmed the Chapter 11 bankruptcy reorganization plan of Verso Corp., the Memphis, Tenn.-based owner of the Jay paper mill.

Credit cards aren’t what they used to be

Lori Valigra |

Flashing a platinum or gold credit card used to be a status symbol, but a recent Money Pulse survey by Bankrate.com found the times are changing, especially among younger generations.

Could a Long-Term Stock Exchange stimulate innovation?

Lori Valigra |

A Silicon Valley investor wants to change the system, and already is advocating with the U.S. Securities and Exchange Commission to create a new U.S. stock exchange called the Long-Term Stock...

One-on-one with Carl Chatto as he takes the reins at Baker Newman Noyes

Peter Van Allen |

Carl Chatto oversees Maine's second-largest accounting firm, Portland-based Baker Newman Noyes. In Maine, the firm has 68 CPAs and 146 employees overall. Its in-state revenue was $25.7 million last...

Here's what's being reported around the world on the Brexit vote

James McCarthy |

Great Britain's historic decision to leave the European Union in Thursday's referendum has triggered a global stock selloff today, with MarketWatch reporting The Dow Jones Industrial Average lost 408...

WEX gets FTC clearance for Electronic Funds Source acquisition

James McCarthy |

WEX Inc. a South Portland-based corporate payments company, announced Thursday that the U.S. Federal Trade Commission has unconditionally cleared its previously announced acquisition of Electronic...

Fluid Farms wins $50K at Launchpad entrepreneur competition

Lori Valigra |

Touting a goal of closing the gap in Maine's ability to produce its own food year-round, Tyler Gaudet, co-owner of Fluid Farms Aquaponic Produce of Dresden, took the top $50,000 prize at Gorham...

Bangor Savings replacing cards following data breach

Bangor Savings Bank is replacing an unknown number of its customers’ debit cards following recent data breaches and an increase in the risk of subsequent fraudulent transactions.

Shuttered Brunswick health care provider files for bankruptcy

Brunswick-based Merrymeeting Behavioral Health Associates has filed for Chapter 7 bankruptcy almost two months after its abrupt closure left 180 without work and hundreds more of its clients without...

Bangor officials unanimously approve $693K parcel sale

Bangor's City Council unanimously approved a deal that allows three parcels of land in a business park to be sold to Bangor Savings Bank in a deal that has been in the works since early 2013.

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