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Keurig Green Mountain announces Q4 2014 financial results, increases dividend 15 percent

Wed, 11/19/2014 - 4:21pm -- tim

Keurig Green Mountain, Inc. (Keurig) (NASDAQ: GMCR), a leader in specialty coffee, coffee makers, teas and other beverages with its innovative brewing technology, today announced its business results for the 13 weeks and 52 weeks ended September 27, 2014. Shares slowly fell during the day, starting out at $157.21 and closing at $153.95. They slipped a bit more in after-hours trading. Shares have been trading near the 52-week high ($60.65 - $158.87).

Frances Rathke, Keurig Green Mountain CFO, to leave company in FY 2015

Wed, 11/19/2014 - 4:13pm -- tim

Keurig Green Mountain, Inc, (NASDAQ: GMCR) today announced that Frances G Rathke will be leaving the Company in 2015 after 11 years of service. As part of the succession plan, the Company has engaged an executive search firm. To facilitate a successful transition, Rathke will continue to serve as Chief Financial Officer and Treasurer until a replacement is appointed, at which time, Rathke will serve in the new role of Strategic Advisor to the CEO reporting to Brian Kelley. She will stay in this latter role no later than September 26, 2015.

Leahy comments on $24 billion in Justice Department financial crisis settlements

Wed, 11/19/2014 - 3:14pm -- tim

Judiciary Committee Chairman Patrick Leahy (D-Vt.) commented Thursday on news that the Department of Justice has recovered a record-breaking $24 billion in settlements and judgments under the False Claims Act and similar laws in 2014. Much of these penalties were paid by financial institutions, including Citibank and JPMorgan, for their roles in the mortgage and financial crisis that began in 2008.

Governor's Highway Safety office to increase 'Click It or Ticket' enforcement for holidays

Wed, 11/19/2014 - 3:12pm -- tim

The Thanksgiving holiday marks the beginning of a busy season for motorists traveling through our great State. In an effort to encourage safe travel, for every trip, the Vermont Governor’s Highway Safety Program will be sponsoring a Holiday Click It or Ticket campaign. Motorists in Vermont can expect to see an increased number of law enforcement officers on the roadways enforcing the occupant protection laws. The Highway Safety office manages federal funds allocated for vehicle occupant protection enforcement.

Sugarbush opens Saturday

Wed, 11/19/2014 - 4:56am -- tim

Sugarbush Resort will open for the 2014/2015 winter season this Saturday, November 22. Skiing and riding will be available from 9 am – 4 pm. Available terrain is still to be determined, but the resort has announced that no downloading on chairlifts will be necessary.

Middlebury endowment tops $1 billion

Wed, 11/19/2014 - 3:35am -- tim

In the fiscal year that ended June 30, 2014, Middlebury saw its endowment post a return on its investments of 16.5 percent. The annualized return over the past 10 years is 9.3 percent. Middlebury’s one-year return exceeds the preliminary 2014 median investment return for all college and university endowments of 15.8 percent. Thanks in part to the strong performance, the value of the endowment stood at $1.08 billion on July 1 — up $113 million from a year earlier.

Vermont Information Technology Leaders announces request for grant writing and research proposals

Wed, 11/19/2014 - 3:14am -- tim

Vermont Information Technology Leaders (VITL) has released a Request for Proposals (RFP) to qualified contractors for research and writing services related to grant management. The areas of opportunities that the grant services will identify include health information exchange, clinical data warehousing and analytics, and health information technology. Proposals may be submitted for either one or both services, as the decision for each will be made independently.

Vermont Veterans’ Home faces staffing and funding questions

Wed, 11/19/2014 - 2:23am -- tim

by Hilary Niles The Vermont Veterans’ Home remains underutilized and overstaffed, lawmakers learned last Wednesday. The facility is licensed for 171 patients, staffed to handle 150, but averages only 125 to 135 patients, state officials told the Legislature’s Joint Fiscal Committee. The Civil War-era estate in Bennington has served Vermont veterans for 130 years, and it was originally funded through a $10,000 state appropriation.

Shumlin appoints Sue Minter as Transportation Secretary

Tue, 11/18/2014 - 3:28pm -- tim

Governor Peter Shumlin announced today in Berlin that he will appoint Sue Minter to lead the Vermont Agency of Transportation effective January 1, 2015. Minter, who currently serves as Deputy Secretary, will take over from Secretary Brian Searles who has been planning to retire and will do so at the end of the year. Chris Cole, currently Director of Policy, Planning and Intermodal Development at VTrans, will replace Minter as Deputy Secretary.

Vermont cheesemakers take home 17 awards at world cheese awards in London

Tue, 11/18/2014 - 3:14pm -- tim

The Vermont Cheese Council (VCC), an organization dedicated to the production and advancement of Vermont Cheese, announced that Vermont took home 17 medals from the 26th annual World Cheese Awards, which were held in London, England, November 14-16. The standout among the impressive list of Vermont awards was Cellars at Jasper Hill’s trophy for the World’s Best Unpasteurized Cheese for its Bayley Hazen Blue. The World Cheese Awards is the leading and most diverse cheese competition in the world.