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Verso’s Jay mill’s value to be reduced by $223M

Jay town officials have voted to lower the valuation of Verso Paper’s mill there by approximately $223 million, but the company said it should be even lower.

Feds OK Verso-NewPage merger

Verso Paper Corp. has cleared a major hurdle in its bid to buy larger competitor NewPage for $1.4 billion after reaching a settlement with federal antitrust regulators, thus...

159-year-old Farmington business closes

Trask Jewelers in Farmington has closed after operating for 159 years.The

Franklin County chamber names new leader

The Franklin County Chamber of Commerce has named Penny Meservier as its new executive director. She begins on Jan. 2.

Defense bill would boost Maine businesses

The 2015 Department of Defense budget passed by the U.S. Congress last week is expected to benefit Bath Iron Works, Pratt & Whitney and other Maine-based military...

Sugarloaf names new president

Sugarloaf ski resort in Carrabassett Valley has named a top executive as its new president, nearly four months before its current leader is set to retire.

Income tax lends to strong economic forecast

The state's revenue is projected to increase by $45.5 million for the current fiscal year as a result of improved revenues from individual and corporate income taxes. 

Towns eye tax relief due to revaluations of mills

Madison selectmen have scheduled a meeting on Nov. 24 with Skowhegan selectmen to discuss the possibility of pursuing legislation seeking tax relief from the state to help both...

Feds close cod fishing in Gulf of Maine

Large areas of the Gulf of Maine will be closed to cod fishing, federal regulators announced on Monday. The closures, due to take effect later this week, are in response to continuing...

Farmington natural gas expansion up in the air

Farmington town officials are expected to discuss the uncertainty that now faces a planned natural gas expansion that has been delayed.