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Varney Agency seeks Canadian expansion with new stake in large Quebec sawmill operator

Dylan Martin |

The family connected to Bangor-based Varney Agency has acquired a one-third ownership stake in what it is calling one of Quebec’s largest independent sawmill operators.

Jay officials deny Verso tax abatement request

Jay town officials have denied a request from Verso Corp. to reduce the valuation of its local paper mill by $193 million.The...

Tax break approved for Oxford hotel

The town of Oxford has approved a tax break for the developers of the $15.4 million Hampton Inn, which is being planned to be built across from the Oxford Casino.

Hotel industry veteran buys Kingfield inn connected to Sugarloaf founder

Dylan Martin |

A native Mainer and hotel industry veteran has purchased an inn in Kingfield that was built by the father of Sugarloaf ski resort’s founder.

Camden National to buy Bank of Maine

Dylan Martin |

The parent company of Camden National Bank has reached an agreement to buy the Bank of Maine in a deal that could make it the state's largest Maine-based bank.

Maine slot machine gambling revenue declines

Hollywood Casino in Bangor and Oxford Casino both saw a drop in slot machine gambling revenue in 2014, which the state gambling control board attributed to a decrease in...

Obama signs disaster declaration for 3 Maine counties

President Barack Obama signed a disaster declaration on Thursday for Androscoggin, Cumberland and York counties related to the severe winter storm that brought snow and flooding to the...

Sappi: Skowhegan $100M valuation drop not enough

Sappi North America is formally seeking a further reduction in the property valuation for its Skowhegan mill, claiming the $100 million valuation decrease the town approved last year was not enough.

Verso Corp. reports fourth quarter and year-end 2014 losses

Verso Corp. (NYSE:VRS) is reporting financial losses for both the fourth quarter and the year ended Dec. 31, 2014, citing as factors a 2.7% decrease in average sales price per ton and a 4.3% decline...

Maine housing projects get $1M in grants

Five affordable housing initiatives in Maine are receiving a total of more than $1 million in grants from a national nonprofit that was established by Congress.