It's being billed as the first-ever public-private sponsorship of a race car. Today Gov. Paul LePage announced that the state of Maine will use Fort Kent NASCAR driver Austin Theriault's car as a billboard for the slogan, "Maine is open for business." The sponsorship cost the state $50,000. Some are celebrating the move, while others question whether it will drive business to the state.
The slow death of the textile industry in the U.S. was underscored last December by the closure of the last operating mill in Connecticut, the historic Warren Mills in Stafford Springs. That same mill is celebrating its re-opening under new owners.
How does the American Woolen Company expect to buck the trend?
In early 2013, investment banker Jacob Harrison Long bought the American Woolen Company. Once one of the nation’s most recognized textile companies, when Long arrived, it was little more than a trademark.
Originally published on Mon September 15, 2014 9:09 am
As you head to work this morning, your workspace sits empty, awaiting your return. Maybe it’s a cubicle, a windowless box, or a corner office with a view of Boston harbor. Whatever it is, that may change soon, in order to not only accommodate but attract a younger workforce.
The chief of the Market Basket supermarket chain says the company's 71 stores have already accomplished a remarkable turnaround thanks to employees who worked day and night to restock shelves left empty by a worker revolt in his support.
Arthur T. Demoulas is back in control after offering more than $1.5 billion to buy shares of the private company from rival relatives who had fired him.
His ouster led to worker walkouts and customer boycotts that brought the chain to a standstill.
Market Basket is looking to new customers as well as old as it begins its recovery from a six-week employee walkout and customer boycott.
Store managers of the New England supermarket chain say they are seeing a lot of new faces in the food aisles since the board of directors agreed to sell the company to its ousted leader, Arthur T. Demoulas.
Employees have been working around the clock to restock store shelves. Managers say they expect to be nearly fully stocked this weekend.
Originally published on Fri August 29, 2014 9:46 am
How does a deal like the $1.5 billion buyout of Market Basket work? What did it take Arthur T. Demoulas to gain total control of the 71-store supermarket chain from warring relatives? It was complicated — from start to finish.
Originally published on Tue August 26, 2014 10:05 am
Market Basket employee Karen Bostwick, of Tewksbury, has filed a charge with the National Labor Relations Board, contending current Market Basket management is “violating the right to picket and strike.”
The governors of Massachusetts and New Hampshire are stepping up efforts to broker a deal to bring the Market Basket standoff to an end.
Massachusetts Gov. Deval Patrick and New Hampshire Gov. Maggie Hassan actively participated in negotiations Sunday with feuding cousins Arthur T. Demoulas and Arthur S. Demoulas as well as several other shareholders.
The grocery store chain has 71 stores, all but one in Massachusetts and New Hampshire.
A Patrick spokeswoman says the "the parties have made real progress" and are encouraged that a "resolution may be within reach."
The upscale grocer Whole Foods, which is based in Texas with close to 400 stores around the country, opens its first New Hampshire location on Tuesday in Nashua.
The food business has its share of troubles in New Hampshire. Market Basket’s labor protests are keeping shelves empty and customers away. And last year, Shaw’s closed many of its stores, and Stop & Shop pulled out of the state altogether.
But despite these struggles and competition from big-box retailers or local farm stands, Whole Foods is betting on consumer demand for natural and organic.
New Hampshire’s unemployment rate remained unchanged last month, at 4.4 percent. At the same time last year, it was 5.2 percent. But the state’s Employment Security office reports the number of Granite Staters in the workforce shrank by 2,550 people from June. And 310 more people were unemployed. Nationally, the jobless rate went up slightly, to 6.2 percent.