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Banking & Finance
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Railroad files for bankruptcy in wake of Quebec disaster
August 8, 2013The Montreal, Maine and Atlantic Railway has filed for protection from creditors in Maine and Canada, just 33 days after one of its oil trains careened unattended through the Quebec town of Lac-Mégantic and derailed, killing 47 people.
August 8, 2013Layoffs hit rail towns in wake of tragedy
August 5, 2013The towns of Brownville and Milo are the hardest hit by layoffs at the Hermon-based Montreal, Maine and Atlantic Railway, as the towns hold a junction and a repair yard that are both critical to the rail line’s operation.
August 5, 2013
Woman to watch: Sandra Stone, Maine Angels Investment Network
August 5, 2013Sandra Stone, chairwoman of the Maine Angels Investment Network, isn't afraid to roll up her sleeves to fill a void, whether it's starting a lacrosse team in Falmouth or matching entrepreneurs with investors who can provide money and business expe
August 5, 2013Bar Harbor Bankshares income up 2.1% in 2Q
July 31, 2013Bar Harbor Bankshares, the parent of Bar Harbor Bank & Trust, announced income of $3.2 million for the second quarter of this year, a 2.1% increase over the same period last year.
July 31, 2013MTI awards $1.66 million to 27 companies
July 24, 2013The Maine Technology Institute has awarded grants and loans totaling more than $1.66 million to 27 Maine companies in its latest round of funding.
July 24, 2013Seed capital bill to become law unsigned
July 23, 2013A bill to restore Maine’s seed capital tax credit program, which provides a hedge against investment in Maine-based startup companies, will go into law without the signature of Gov. Paul LePage.
July 23, 2013
Machias Savings to buy six Bank of Maine branches
July 23, 2013The Bank of Maine has agreed to sell six of its northern Maine branches to Machias Savings Bank for an undisclosed price.
July 23, 2013
CashStar eyes the future of money
July 22, 2013The smartphone has a voracious appetite, set on performing the functions of everything from the flashlight to the handheld gaming console. For its next trick, it will become a wallet, too.
July 22, 2013
Investors drive boom in multifamily home sales
July 22, 2013Multifamily homes are selling as soon as they hit Portland's hot housing market, spurred by high demand for rental units and millennials seeking passive income, home equity and an alternative to the stock market.
July 22, 2013BlueTarp gets $15M infusion to expand credit line
July 18, 2013BlueTarp Financial, a Portland-based trade credit and marketing services firm for the building supply industry, has raised $15 million through an equity offering that will increase its line of credit as the company continues to expand.
July 18, 2013King sponsors revived Glass-Steagall Act
July 12, 2013U.S. Sen. Angus King joined a bipartisan group of lawmakers to sponsor a bill calling for banks to split their traditional banking operations from riskier investment services.
July 12, 2013
TD Bank pursues growth strategies in a mature market
July 8, 2013Despite retrenching its New England wealth management business in 2011, TD Bank remains committed to the region and to Maine, the bank's new regional president for Northern New England and Upstate New York told Mainebiz in a recent interview.
July 8, 2013Rockland contractor looks to reorganize
July 3, 2013Rockland contractor Ferraiolo Construction Inc. plans to reorganize after filing for bankruptcy and has reached a tentative settlement agreement with its creditor the Bank of Maine.
July 3, 2013Mainers' personal income drops 1% in Q1
June 28, 2013Personal income in Maine declined by an average of almost 1% in the first quarter of 2013, according to estimates released today by the U.S. Bureau of Economic Analysis.
June 28, 2013House, Senate revive seed capital tax credit program
June 28, 2013It came down to the wire, but on Thursday both the House and Senate voted to save the Maine Seed Capital Tax Credit program, which had expired after reaching its lifet
June 28, 2013Advisers leave Morgan Stanley for Raymond James
June 25, 2013The Portland arm of the international financial planning firm Raymond James & Associates has picked up a team of financial advisers from competitor Morgan Stanley.
June 25, 2013
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