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Net income fell 21% from the second quarter, and the company said it sold some of its investments in response to rising interest rates.
Opera, IT, a publishing imprint and Québécois food are the focuses of Skowhegan’s latest business lab.
Mainebiz presents a roundup of the new hires, promotions and achievements from businesses and nonprofits around the state.
The winner, a returning finalist from 2022, is a Camden tech business that helps users start, manage or join a book club. Amply Energy, of Cumberland, was crowned the Emerging Business Award winner.
Damariscotta-based First Bancorp reported third-quarter net income of $7.5 million, representing a 1.1% increase over a year earlier.
Norway Savings Bank, ranked No. 7 among the largest Maine-based banks, has promoted Melissa Rock, Ryan Dillingham and Frank Farrell.
Adam Kavanagh has worked in the credit union industry for more than a decade. He is also an active member of the Maine Credit Union League's Compliance Council.
New hires, promotions and achievements from businesses and nonprofits around Maine.
Guest columnist Lucie Hannigan at Machias Savings Bank lays out the case for going cashless.
Charitable giving is always welcomed, but there are some key strategic steps to address before making a gift, writes Caitlin F. DiMillo, a client advisor at Spinnaker Trust.
Laura Blake, Mike Yerxa and Jake Knight take on more senior roles at Bangor Savings, which is the largest Maine-based bank according to assets.
Five finalists will compete onstage for the chance to win a $50,000 grand prize.
Business leaders are worried about the impact of a protracted federal shutdown on some sectors and the state's economy as a whole.
In addition to his leadership of Mascoma Bank's growing presence in Maine, Andrew Cook devotes himself to volunteer work with the American Heart Association.
"You're seeing increased margin pressure related to competition for deposits, and competition from new market entrants," Susan M. Collins told the Maine Bankers Association at its annual meeting.
The goal of the competition is to encourage startups developing research, commercial and consumer applications in the fast-growing New Space industry.
Sponsored by Kennebunk Savings Bank
Over the weekend, thousands of flights were canceled after the new federal restrictions took effect at some of the nation's busiest airports.
The Federal Aviation Administration ordered airlines to cut flights by 4% at 40 major airports and that percentage is scheduled to increase to 10% by Friday. The FAA cited safety concerns and the need to ease the strain on air traffic controllers, who have been working without pay since the federal government shutdown began last month.
Airlines warn that the cutbacks could lead to more delays, fewer available seats and higher fares in the days ahead.
Talks are underway to end the federal shutdown, but the timing of the FAA cutbacks adds uncertainty to the Thanksgiving travel rush, which is just two weeks away.
Last year, more than 20 million passengers took to the skies during Thanksgiving week, driving billions of dollars in spending and making it one of the busiest and most economically significant travel periods of the year, according to the U.S. Travel Association.
The Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
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Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
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Whether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Whether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
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