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Keurig Green Mountain announces repurchase of shares held by Lavazza for over half a billion

Mon, 02/23/2015 - 8:14am -- tim

Keurig Green Mountain, Inc (GMCR), a leader in specialty coffee, coffee makers, teas and other beverages with its innovative brewing technology based in Waterbury, Vermont, announced on early Monday morning that on Saturday, February 21, 2015, that it has entered into an agreement to repurchase approximately 5.2 million shares of Keurig common stock beneficially owned by Luigi Lavazza S.p.A., at a purchase price of $119.18 per share, or $619.7 million.

SW Cole turns 35, thanks clients and staff

Mon, 02/23/2015 - 4:05am -- tim

SW Cole Engineering, Inc, a geotechnical engineering, construction materials testing, geo-environmental and test boring exploration services firm with offices in Vermont, New Hampshire, and Maine, is celebrating its 35th anniversary and has released a video which thanks their clients for helping them achieve this milestone.

The four-minute video, which can be found on the firm’s website and YouTube channel, begins with President and Chief Executive Officer Bob Chaput, PE, who explains how S.W.COLE’s clients and employees have been critical to the success of the firm.

Union members ratify FairPoint deal, back to work on Wednesday

Sun, 02/22/2015 - 8:04pm -- tim

After three days of voting that concluded on Sunday, IBEW and CWA members in Maine, New Hampshire, and Vermont have ratified tentative agreements with FairPoint Communications. According to a statement issued by the unions, the new agreements protect good jobs and ensure quality telecommunications service for New England communities.

Schubart: Tax breaks, why and for whom?

Sun, 02/22/2015 - 5:15am -- tim

by Bill Schubart Common sense names don’t work for politicians. What you or I would call “tax exemptions,” they call “tax expenditures.” Let me explain. The government needs a defined amount of money to operate. This is called the budget. The tax code is intended to raise most of that money. If certain taxable items become exempt, politicians call it a “tax expense.” We taxpayers understand is as an increase in what we’ll have to pay to meet the fixed budget. Put simply, every taxpayer pays for everyone else’s exemption.

Shumlin: Rental schemes 'not the way we do business in Vermont'

Sun, 02/22/2015 - 4:28am -- tim

by Governor Peter Shumlin Too often the news we hear focuses on the controversy over what we don’t agree on. As we work to put together a difficult budget that matches Montpelier’s appetite for spending with Vermonters ability to pay and other legislation that helps make this state a more affordable place to live, work, and raise a family, there is plenty of that to go around.

VBSR seeks nominations for 2015 Terry Ehrich Award

Sat, 02/21/2015 - 4:13am -- tim

Vermont Businesses for Social Responsibility (VBSR) announces the call for nominations for the 2015 Terry Ehrich Award for Excellence in Socially Responsible Business. Members of the business community are encouraged to nominate an individual whose business practices show a commitment to the environment, the workplace and the community no later than Sunday, March 15. 

Environmental groups applaud committee’s passage of Clean Water bill

Fri, 02/20/2015 - 5:13pm -- tim

Vermont environmentalists today commended the Vermont House in beginning to advance broad clean water legislation aimed at cutting pollution flowing into Lake Champlain and other water bodies. Today the House Fish, Wildlife and Water Resources Committee gave final approval to H35, known as the Clean Water bill, on a 7-2 vote. Still in the early stages of passage through the Legislature, the bill has several remaining committee stops in the House. It then has to clear the Senate before heading to the governor’s desk.

House interested in bringing back cap on income tax deductions

Fri, 02/20/2015 - 2:35pm -- tim

by Morgan True Facing budgetary pressures totaling $188.2 million between the governor’s budget proposal and the House-approved fee bill, lawmakers will consider bringing back a cap on itemized income tax deductions that stalled in 2013. Most states tax residents based on adjusted gross income, but Vermont is among the few that tax residents based on taxable income, or the amount taxpayers report after they have claimed deductions.

Weekly unemployment claims fall more steeply

Fri, 02/20/2015 - 11:45am -- tim

Vermont Business Magazine Weekly unemployment claims continued a trend from the beginning of the year, as numbers fell toward 500. Claims rose in the late fall and peaked around the holidays. For the week of February 14, 2015, there were 514 new, regular benefit claims for Unemployment Insurance in Vermont. This is a decrease of 123 from the previous week's total, and 34 fewer than they were a year ago. In 2014, claims were consistently below 2013 levels on a week-to-week basis.

Leahy recommends Burlington lawyer Eric Miller as Vermont's next US Attorney

Fri, 02/20/2015 - 10:56am -- tim

US Senator Patrick Leahy (D-Vermont) is recommending Burlington attorney Eric Miller to President Obama to be Vermont’s next US Attorney. Miller, 45, would be the 37th United States Attorney in Vermont’s history, managing the US Department of Justice’s US Attorney offices in Burlington and Rutland and overseeing the work of nearly 20 attorneys who represent the United States in criminal and civil investigations and litigation in Vermont.