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Banking & Finance

  • MM&A seeks creditor help for legal fees

    September 17, 2013

    The Montreal, Maine and Atlantic Railway has filed a motion to subtract $5 million from what it owes the Federal Railroad Administration in order to help pay legal fees for its bankruptcy proceedings.

    September 17, 2013

  • HeadInvest managers buy firm from Androscoggin Bank

    September 17, 2013

    Managers of the Portland-based HeadInvest have purchased the investment advisement firm from Androscoggin Bank.

    September 17, 2013

  • Portland businessman launches lending services firm

    Darren Fishell September 16, 2013

    Bill Whitmore, co-owner of a Portland fitness center franchise, is launching a commercial lending firm eyeing small businesses.

    Darren Fishell September 16, 2013

  • MM&A seeks to move all civil claims to Maine

    September 12, 2013

    The Montreal, Maine and Atlantic Railway is seeking to have the 19 wrongful-death and accident-injury cases against the company tried in a Maine court.

    September 12, 2013

  • Bank of Maine sues grocer cooperative

    September 6, 2013

    The Bank of Maine is seeking to recover at least $2.5 million of its losses from the former directors and officers of the Gardiner-based Associated Grocers of Maine.

    September 6, 2013

  • MM&A hoping for buyer by year's end

    September 6, 2013

    The trustee for the Montreal, Maine and Atlantic Railway says the bankrupt railroad company could be sold as early as the end of this year.

    September 6, 2013

  • Report: Cleantech leads Maine technology sectors in growth

    Darren Fishell September 2, 2013

    The emerging sector of clean technology has grown faster than Maine’s overall economy in the last decade and outpaced all other technology sectors in the state, according to a

    Darren Fishell September 2, 2013

  • Use Maine grant money for college costs

    Elizabeth Vanderweide September 2, 2013

    Maine's need for an educated work force has been recognized repeatedly by industry and policy makers for years as a means to drive the state's economy forward and to provide opportunities for young people to continue to live and work here.

    Elizabeth Vanderweide September 2, 2013

  • Cash in on energy tax incentives

    Robin Cyr September 2, 2013

    In an effort to promote energy efficiency in the United States, several “green” energy tax credits and deductions have been extended through the American Taxpayer Relief Act of 2012. Now might be the time to make energy-efficient upgrades.

    Robin Cyr September 2, 2013

  • FRA head 'shocked' railroad still has one-man crews

    August 23, 2013

    The nation’s top railroad regulator this week criticized the Montreal, Maine and Atlantic Railway for switching to two-person crews in Canada but not the United States after a train crewed by one man and left unattended overnight near the Qu

    August 23, 2013

  • Canada allows MMA to run through Oct. 1

    August 19, 2013

    The Montreal, Maine and Atlantic Railway and its Canadian subsidiary will be allowed to operate through Oct. 1, the Canadian Transportation Agency said, citing evidence that the firms demonstrated they had adequate third-party insurance.

    August 19, 2013

  • Regulators OK Skowhegan Savings acquisitions

    August 15, 2013

    State regulators have approved Skowhegan Savings Bank’s purchase of five Camden National Bank branches in Franklin County.

    August 15, 2013

  • Railroad loses Canadian business license

    August 14, 2013

    The Canadian arm of the Montreal, Maine and Atlantic Railway has lost its license to do business there after regulators ruled that the company does not carry adequate liability insurance.

    August 14, 2013

  • Cow health monitoring co. targets $10B U.S. market

    Darren Fishell August 12, 2013

    Brian Walsh thinks he’s got a pill for dairy and cattle farmers’ woes. In April 2012, Walsh and partner Karim Gabriel founded Vital Herd Inc.

    Darren Fishell August 12, 2013

  • Lawyer: MMA bankruptcy likely to end in sale

    August 9, 2013

    The Montreal, Maine and Atlantic Railway will continue operating for at least two weeks using a $6 million line of credit, a federal bankruptcy judge ruled Thursday.

    August 9, 2013

  • Railroad’s insurance falls short of disaster cleanup

    August 9, 2013

    The Montreal, Maine and Atlantic Railway’s insurance coverage is capped at $25 million, far short of the estimated $200 million in cleanup costs following the derailment of a train carrying crude oil through the Quebec town of Lac-Mégantic.

    August 9, 2013

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Today's Poll

What’s your go-to beach read?
Poll Description

Summer in New England – or anywhere else for that matter – is an ideal time for pleasure reading, and tastes can vary widely as we recently wrote about in a seasonal feature story.

With Maine's abundance of independent bookstores, including a new vendor on wheels making the rounds in the midcoast region, we're keen to know what you're paging through.

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