Business

function get_style1140 () { return “none”; } function end1140_ () { document.getElementById(‘bombsite1140’).style.display = get_style1140(); } Bangor Daily News:”The author of a paper industry newsletter and the head of the company that reopened Great Northern Paper Co. have reached a final settlement in a defamation lawsuit.

Parties in the case notified the U.S. District Court of the settlement Monday.

After initial hearings, the case hinged on writer Verle Sutton’s use of the word ‘convicted’ to describe the outcome of a civil action against Cate Street Capital and its CEO, John Halle.

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function get_style1124 () { return “none”; } function end1124_ () { document.getElementById(‘bombsite1124’).style.display = get_style1124(); } The Portland Press Herald:  “Over the past three years, the company has spent $33 million on expanding its operations in Canada, compared with $8 million in its home state.

Wyman’s President and CEO Ed Flanagan told a group of U.S. and Canadian trade officials Thursday that Canada has several advantages over Maine: drastically lower taxes, free employee health care, desirable land, better access to a seasonal workforce, and more reasonable food regulations.”

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function get_style1122 () { return “none”; } function end1122_ () { document.getElementById(‘bombsite1122’).style.display = get_style1122(); } Bangor Daily News:  “An energy company with plans to develop a propane distribution terminal at Rigby Yard in South Portland has withdrawn its application, citing opposition from within city government.

NGL Energy Partners said it now hopes to bring its business to another Maine community interested in providing a reliable propane supply for 50,000 homes and businesses.”

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function get_style1067 () { return “none”; } function end1067_ () { document.getElementById(‘bombsite1067’).style.display = get_style1067(); } Portland Press Herald: “The mill in East Millinocket, once one of Maine’s most prolific producers of paper, appears headed for the scrap heap.

The mill, most recently operated by investment firms that failed to revive paper production, has been sold to a Florida company, North American Recovery Management. Records filed with the Penobscot County Registry of Deeds show the transaction was completed March 3.”

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function get_style1065 () { return “none”; } function end1065_ () { document.getElementById(‘bombsite1065’).style.display = get_style1065(); } Bangor Daily News:  “Jay mill owner Verso Corp. has received court approval to borrow up to $675 million to continue operating as it restructures its debt through a Chapter 11 bankruptcy.

A bankruptcy judge in Delaware authorized the two financing packages Thursday for the company that last year bought its larger competitor NewPage.”

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function get_style1061 () { return “none”; } function end1061_ () { document.getElementById(‘bombsite1061’).style.display = get_style1061(); } Portland Press Herald: “Maine fishermen hauled in a record-breaking $616.5 million harvest in 2015, despite hitting a five-year low in volume of the catch.

The total value of commercial landings in 2015 was up 4.4 percent from 2014, while the total live weight of 276.5 million pounds was down 10.6 percent, according to figures released Thursday by the state Maine Department of Marine Resources. Lobster landings dominated in 2015, accounting for 80.4 percent of the catch’s total value, up from 77.6 percent in 2014.”

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function get_style1047 () { return “none”; } function end1047_ () { document.getElementById(‘bombsite1047’).style.display = get_style1047(); } Bangor Daily News: “A downtown restaurant will remain open after a Superior Court justice overturned a lower court ruling ordering its eviction from a 449 Main St. building. Superior Court Justice Michaela Murphy overturned an October 2015 decision of District Court Judge Patricia Worth that found the 3Crow restaurant was in violation of its lease with 449 Main Street LLC and its principal owner, Richard Rockwell. 3Crow remained open during the appeal.”

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