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A boost in revenue didn't help Portland biotech firm ImmuCell Corp. avoid finishing its second quarter with a net loss of $148,000.
The Maine Public Utilities Commission rejected FairPoint Communication's argument that technical problems encountered in its switch from Verizon's network to its own were an "extraordinary event" and cause for waiving fines attached to its poor pe
FairPoint Communications announced yesterday it is restructuring its debt to avoid bankruptcy, just as the company prepares to appear before state regulators today.
It’s been more than one year since North Carolina-based FairPoint Communications took over Verizon’s land lines in Maine and northern New England, and the company is still making news. Here’s a roundup of the latest headlines:
The Maine Technology Institute board of directors yesterday approved more than $150,000 in seed grants to 15 Maine technology companies, according to a press release from MTI.
FairPoint Communications has appointed an executive to address operational issues in northern New England, just as Vermont officials question whether they should allow the company to continue operating in the state.
FairPoint owes nearly $3 million in penalties to phone carriers in New England for providing them with poor wholesale service in recent months.
On his first day as CEO of FairPoint Communications, David Hauser yesterday said he will take every step possible to avoid bankruptcy, but that ultimately the decision will depend on its debtors.
The Maine Department of Education yesterday said it has ordered more than 64,000 Apple laptops for students and faculty in grades 7 through 12, and will place an additional order for up to 7,000 more laptops in the coming weeks.
Aroostook Internet in Presque Isle is expanding through the acquisition Fort Kent-based SJV Wireless' wireless and dial-up Internet business, according to the Bangor Daily News.
FairPoint Communications could file for bankruptcy unless its lenders agree to postpone interest payments due on $531 million in loans.
FairPoint is responding to a legal threat from the Maine Public Advocates Office with a complaint of its own.
The Maine Public Advocate's office has filed a letter with the state Public Utilities Commission, indicating its intent to file a formal complaint against North Carolina-based FairPoint if the communications company doesn't live up to its allege
CashStar, the online gift card company in South Portland, will receive the nearly $1 million in financing to continue developing its online services for retailers.
FairPoint Communications has named a new CEO to lead the company, northern New England's largest telecom company.
Richard Lugg’s dad — a defense/aerospace manager working in (generally) top-secret projects — made a sizeable imprint on his son. When he was just 5 years old, Richard was building space shuttles out of wood and glue.
Sponsored by Kennebunk Savings Bank
Maine's cruise ship season is in full swing, running from late September through early November. Thousands of passengers are expected to visit Portland, Bar Harbor, Eastport or Rockland.
This week alone, Portland is set to welcome around 16,000 cruise ship passengers.
But as the season ramps up, it's bringing mixed reviews. Some locals brace for the crowds and many business owners say cruise ship visitors don't spend much while in the port. Other business owners argue that, even if cruise ships don't benefit their own coffers, they still benefit the overall economy.
When we asked this question in 2023, Mainebiz respondents, 21% said the visits bring customers and revenue, while only 18% said the visits don't help their business.
More than half of the respondents, 53%, said cruise ships benefit the overall economy.
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.
Learn MoreWork 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.
Learn MoreWhether 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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