AUGUSTA, Maine — S.W. Cole Engineering Inc. of Bangor, Maine, has acquired Summit CMT, a construction materials testing subsidiary, from CES Inc., a Brewer, Maine-based engineering, sciences and surveying firm.
Summit CMT staff will move to S.W. Cole offices in Augusta and Gray, Maine, and will operate under the parent company name, S.W. Cole Engineering Inc., which provides construction materials testing and geotechnical engineering services.
SEC, exchanges to talk Nasdaq outage
WASHINGTON — The U.S. Securities and Exchange Commission will meet with heads of the major exchanges on Sept. 12 to discuss last week’s Nasdaq trading outage, the regulator said on Tuesday.
It had done so after learning that a system that consolidates stock prices coming in from different trading platforms, known as the Securities Information Processor, was not disseminating price quotations.
The Mexican unit of Taylor Farms, a food processor whose salad mix had been linked with an intestinal bug outbreak that affected some Olive Garden and Red Lobster restaurants, has been authorized by U.S. health regulators to resume operations.
The bug sickened at least 535 people in 19 states.
The U.S. government lawsuit accusing Bank of America Corp. of fraudulently selling toxic mortgage loans to Fannie Mae and Freddie Mac appears on track to go to trial next month after a judge rejected the bank’s bid to dismiss the case.
The government alleged that the former Countrywide Financial Corp., which Bank of America bought in July 2008, caused more than $1 billion of losses for taxpayers by selling home loans that later soured to Fannie Mae and Freddie Mac, the mortgage financiers seized by the government in September 2008.
Subscribe for FREE!
Union Leader Business Newsletter
Wreaths Across America get big send-off
Where’s Waldo? Just ask the NSA
New UNH logo draws mixed reactions
John DiStaso's Granite Status: National Democratic chair to speak at NHIOP in January; Cataldo backs Kenney for Executive Council