“Building a ‘better bank’” I offer historical context and explain management changes at Portland, Maine-based TD Banknorth after its $3.2 billion sale to its majority shareholder, Toronto-based TD Bank Financial Group
“A 1,300% increase in net income. What’s the story?” I break down Wright Express’ earnings report and explain in laymen’s terms how the South Portland, Maine-based payment card company could report a 1,317% increase in net income, from $4.6 million in the fourth quarter of 2007 to $65.2 million in the fourth quarter of 2008, while simultaneously reporting an 11% decrease in revenue over the same period.
“Defense spending fuels growth for Maine companies” The federal government spends roughly $1.1 billion in Maine annually on defense-related purchases. I look at that defense spending’s impacts on Maine businesses and the state’s economy.
“Portland tech startup lands $1.9M in funding” An article about a local tech startup’s first round of funding, bringing venture capital and angel investor funds into Maine.