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Google designates Stowe as Vermont's 2014 eCity

Fri, 10/17/2014 - 4:04pm -- tim

One of Vermont’s most picturesque ski towns is now considered one of the nation’s most tech-friendly towns, according to Google. Google has named Stowe as the 2014 eCity for the State of Vermont. The eCity Awards recognize the strongest online business communities in all 50 states. The businesses in these communities are embracing the web to find new customers, connect with existing clients and fueling their local economies. Stowe joins the ranks of America’s leading cities in the digital economy. 

SEC drops inquiry into Keurig Green Mountain, no enforcement action taken

Fri, 10/17/2014 - 4:00pm -- tim

Keurig Green Mountain, Inc, today announced it has received notification from The Securities and Exchange Commission (SEC) that it is closing the previously disclosed four-year inquiry into accounting and disclosure matters at the Company and would not be recommending any enforcement action against the Company or any of its current or former employees.

Vermont to get $83,000 for TD Bank data breach

Fri, 10/17/2014 - 3:55pm -- tim

Vermont will receive $83,000 of a settlement state attorneys general reached with TD Bank that resolves a 2012 data breach that affected almost 16,000 Vermont consumers. The breach involved the loss of two unencrypted backup tapes containing 1.4 million files that had been accumulated over eight to ten years. The files contained a variety of personal information belonging to some 260,000 TD Bank customers nationwide.

Entergy Vermont Yankee submits $1.24 billion decommissioning SAFSTOR plan

Fri, 10/17/2014 - 3:33pm -- tim

Vermont Business Magazine The cost of decommissioning the Vermont Yankee nuclear power plant in Vernon is estimated to be $1.24 billion, the onsite storage of the spent nuclear fuel should be completed by 2020 and the plant will be put into SAFSTOR for an undisclosed period of time before the site is returned to a "green field" status, according to the plant's owner.

Weekly unemployment claims climb near 500

Fri, 10/17/2014 - 2:25pm -- tim

Vermont Business Magazine New unemployment claims in Vermont were up again last week, but increased at a brisker rate. Levels this year have been running consistently lower than those of last year. For the week of October 11, 2014, there were 487 new, regular benefit claims for Unemployment Insurance in Vermont. This is an increase of 88 from the previous week's total, and 124 fewer than they were a year ago. 

Organon to pay Vermont $75,455 to resolve marketing allegations involving antidepressants

Fri, 10/17/2014 - 10:22am -- tim

Vermont will receive $75,455 in restitution and other recoveries as its share of a national $31 million civil settlement with Organon Pharmaceuticals USA Inc to resolve allegations that the drug manufacturer, which is now owned by Merck & Co, Inc, engaged in various marketing violations.

PC Construction awarded $25 million design-build project for UNH Athletics

Fri, 10/17/2014 - 9:55am -- tim

After a comprehensive selection process, the University of New Hampshire has chosen the design-build team of Populous, Lavallee Brensinger Architects, and PC Construction for the new $25 million athletic complex slated to open in the summer of 2016. The new four-story stadium will feature tiered seating for 11,500 and include dedicated levels for concessions and restrooms, a president’s suite, press and club boxes with a common multi-purpose stadium club room, a gateway entry with ticket sales building, and a pedestrian concourse.

What job is most unique to Vermont?

Fri, 10/17/2014 - 5:03am -- tim

Vermont Business Magazine It should come as no surprise that in California the "most unique" jobs are held by actors, that in Connecticut it's actuaries (who get paid a lot more), in DC it's political scientists (who get even more) and that in North Dakota it's derrick operators (who get less). But in Vermont the "most unique" job is maple surgarer? dairy farmer? solar panel installer? health care worker?

New Vermont Castings owner reveals Q3 2014 results

Fri, 10/17/2014 - 3:50am -- tim

Vermont Business Magazine HNI Corporation (NYSE: HNI) has announced sales for the third quarter ended September 27, 2014, of $614.7 million and net income of $33.6 million, or $0.74 per diluted share. Non-GAAP net income per diluted share improved 33 percent from the prior year quarter to $0.81, which excludes restructuring and transition costs. HNI acquired Vermont Castings Group on October 1, 2014.

JK Adams celebrates 70th year, launches new website

Fri, 10/17/2014 - 3:36am -- tim

JK Adams, based in Dorset is celebrating its 70th anniversary and invites retailers and consumers to explore its new website and E-catalogue. The new website,, has been designed to provide a user-friendly experience with improved navigation and functionality throughout, allowing home cooks access to detailed product information and to view ideas for decorating their homes, entertaining and cooking.

Vermont wins top US domicile for captive insurance for second year

Fri, 10/17/2014 - 3:15am -- tim

The State of Vermont has again been awarded the top U.S. Domicile for “outperforming their competitors and demonstrating the highest levels of excellence over the past 12 months.” This is the second year that the State of Vermont has been honored with this award, which was presented by Captive Review Magazine during the US Captive Services Awards on October 6 at the Westin Chicago River North.