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Sugarbush reduces energy and waste with environmental programs

Thu, 05/07/2015 - 5:06am -- tim

The numbers are in and Sugarbush Resort has seen significant reductions in energy and waste since last year. Last summer the resort invested in 351 Snow Logic, HKD, and Ratnik low-energy snowguns to help reduce energy consumption. During the season the resort purchased another 63 low-energy snowguns as well. This is in addition to the 80 low-energy snowguns purchased in 2013. These improvements helped the resort reduce snowmaking energy consumption by 15% and save close to 1400 Megawatt hours. These energy savings equated to dollar savings of around 19% when compared to last year.

Vermont AG sues Burlington landlord over lead violations

Thu, 05/07/2015 - 4:20am -- tim

The Vermont Attorney General’s Office has sued Burlington landlord Soon Kwon for violations of Vermont’s lead and consumer protection laws. Vermont’s lead law requires landlords to perform essential maintenance practices (known as EMPs) in all pre-1978 rental housing. Annually, an EMP compliance statement certifying completion of EMPs must be submitted to the Vermont Department of Health, to the owner’s insurance carrier, and to all tenants of the property.

Keurig Green Mountain names Leemputte CFO

Wed, 05/06/2015 - 6:00pm -- tim

Keurig Green Mountain, Inc (Keurig) (NASDAQ: GMCR), a leader in specialty coffee, coffee makers, teas and other beverages with its innovative brewing technology, announced today that Peter G. Leemputte will join the company in June 2015 and will assume the role of Chief Financial Officer and Treasurer effective August 17, 2015. He will succeed current Chief Financial Officer and Treasurer, Fran Rathke, who will continue to serve in the role until that date.

Keurig Green Mountain reports Q2 2015 results, revenues up, shares fall

Wed, 05/06/2015 - 4:56pm -- tim

by Timothy McQuiston Vermont Business Magazine A lowered expectation for revenues this year because of its new brewing system is causing shares in Vermont's largest company to fall. Keurig Green Mountain, Inc (NASDAQ: GMCR), a leading coffee company based in Waterbury, Vermont, today announced its business results for the 13 weeks ended March 28, 2015. Results were greeted negatively by investors in after-hours trading, as the report was released after markets closed. Shares were down more than 10 percent immediately after the announcement.

Opponents of Vermont's GMO law appeal ruling

Wed, 05/06/2015 - 3:50pm -- tim

Attorney General William H Sorrell announced that the Plaintiffs who are seeking to invalidate Act 120, Vermont’s law requiring the labeling of food produced with genetic engineering (GE or GMO), are now asking the federal appeals court in New York City to rule on their request to halt the Vermont law. On April 27, 2015, the United States District Court for the District of Vermont denied Plaintiffs’ motion for a preliminary injunction in its entirety.

Bond Auto, Champlain Cable, and SD Ireland named finalists for Deane Davis Business of the Year award

Wed, 05/06/2015 - 3:01pm -- tim

Vermont Business Magazine and the Vermont Chamber of Commerce have selected the three finalists for the Deane C Davis Outstanding Business of the Year Award: Bond Auto Parts, Champlain Cable Corporation, and S.D. Ireland. One of these impressive finalists will be named the Deane C. Davis Outstanding Vermont Business of the Year on Thursday, May 21 in an awards presentation ceremony that kicks off the 31st annual Vermont Chamber Business & Industry EXPO. The award winner will be announced at 10 am in the foyer of the Sheraton Burlington Conference Center.

State of Vermont surplus state vehicle auction May 9

Wed, 05/06/2015 - 2:52pm -- tim

The Department of Buildings and General Services will be auctioning a large assortment of State vehicles and equipment to the general public beginning at 10 am on Saturday, May 9, 2014. The May 9 physical auction of State vehicles is expected to be very well attended. The auction will be held at the Agency of Transportation Central Garage located at 1756 US Route 302, in Berlin, Vermont (05602), across from the Wayside Restaurant.

Governor Shumlin: More Cuts, Fewer Taxes

Wed, 05/06/2015 - 2:47pm -- tim

by Governor Peter Shumlin Even as Vermont’s economy continues to show signs of progress, the message I hear from Vermonters is that they don’t feel the economic recovery is reaching their pocket books. While we have the 6th lowest unemployment rate in America and Vermont employers have thousands of job openings, incomes and wages for working Vermonters have not recovered fast enough from the depths of the Great Recession. This is a national trend from which Vermont is not immune, and it’s why I am so focused on making this economy work for every single Vermonter.

FairPoint Communications reports 2015 Q1 results, revenues down

Wed, 05/06/2015 - 12:09pm -- tim

by Timothy McQuiston Vermnt Busness Magazine FairPoint Communications, Inc (Nasdaq: FRP), Vermont's largest communications provider, today announced its financial results for the first quarter ended March 31, 2015. The landline phone and Internet company reported that accrued pension and other post-employment benefit obligations have declined a combined $680.3 million from December 31, 2014 to March 31, 2015, based primarily on the new collective bargaining agreements following the resolution of the prolonged strike, which ended in February.