Current News

by 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).

"2014 was an exciting year that saw Keurig Green Mountain successfully execute against aggressive strategic goals and meet or exceed all of our financial targets," said Brian Kelley, Keurig's President and CEO. "The fourth quarter was a strong end to the year, with 17% Keurig beverage system revenue growth highlighted by strong portion pack growth across our brand portfolio."

by 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.

by tim

NASA has selected 11 university-led proposals for the study of innovative, early stage technologies that address high priority needs of America's space program. The University of Vermont is one of the grant awardees.

The selected proposals address unique, disruptive, or transformational technologies, including: advanced thermal protection materials modeling, computational materials, in situ utilization of asteroid materials, mobile robotic surface probe concepts for planetary exploration, and kinetic penetrators for icy planetary moons. Selection criteria required technology research that will provide dramatic improvements over existing capabilities for future science and human exploration missions.

by 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. Senator Leahy is the author of the Fraud Enforcement Recovery Act, a law that strengthens tools and increase resources available to federal prosecutors to find, prosecute and jail those who commit financial fraud, which was signed into law in 2009.

Last Congress, the Judiciary Committee also overwhelmingly supported the bipartisan Fighting Fraud to Protect Taxpayers Act, a bill coauthored by Senator Leahy and Senator Chuck Grassley (R-Iowa) that would responsibly reinvest a small portion of money collected from fraud cases back into fraud enforcement at no expense to taxpayers.

by 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. This year’s campaign will begin on Wednesday November 26th and continue through Sunday November 30.

by 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.

Early season snowfall combined with Sugarbush’s new snowmaking improvements will allow the resort to open with top-to-bottom skiing and riding. The resort recently invested $1.8 million in snowmaking equipment including 351 new Snow Logic, HKD, and Ratnik snowguns. Sugarbush also invested over $1 million in mechanical and electrical upgrades to their lifts, over and above annual improvements.

by 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. The value of the endowment is determined by investment gains and losses plus new gifts, minus the annual payout to help fund the operations of the institution.

RELATED: Duke's Laurie L Patton to become Middlebury’s 17th president

by 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.

“VITL is a growing and independent nonprofit that operates Vermont’s health information exchange, and assists health care providers with adoption and use of health information technology,” stated VITL President and CEO John K. Evans. “In order to fund continual development of this technology, we are seeking grants from private organizations, research institutes, and state and federal sources.”

by tim

by Hilary Niles vtdigger.org 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. The Vermont Veterans’ Home was financially self-sufficient until a few years ago when the state filled a gap in the facility’s operational funds. The state gave the home $2 million in support from the General Fund in each of the last fiscal years, according to Veterans’ Home administrator Melissa Jackson.

by 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.

by 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. At this year’s event, more than 250 cheese experts from 26 nations travelled to London to evaluate more than 2,600 cheeses from 33 countries. Judges ranked cheeses into Gold, Silver, Bronze and “no award.” From those medaled cheeses, an intimate group of 62 were chosen for Super Gold Awards and then judged again to carve the final list to 16 cheeses.

by tim

Senator Bernie Sanders (I-Vermont) said today that it would be “insane” to construct the Keystone XL pipeline to ship the dirtiest oil on the planet from Canada’s tar sands region to refineries along the Gulf of Mexico. “The scientific community is telling us that we have a narrow window of opportunity to address the crisis of climate change and to transform our energy system away from fossil fuels and into energy efficiency and sustainable energy,” Sanders said in prepared remarks. “This legislation would move us in exactly the wrong direction toward not only more dependence on fossil fuels but on some of the dirtiest fossil fuel imaginable. That is insane.”