Current News

Green Mountain Coffee Roasters, Inc, (NASDAQ: GMCR), a leader in specialty coffee and beverages with its innovative Keurig brewing technology, today detailed its new K-Carafe capability for its Keurig 2.0 Brewing System, available for sale in Fall 2014. Keurig 2.0 brewers will be the first system to brew both one cup using a single serve pack and a carafe of coffee using the new Keurig’® K-Carafe’¢ pack.
"Both current Keurig brewer owners and non-owners told us the brewer functionality they wanted most was the ability to brew both a single serving and a pot of coffee from one system with Keurig speed, convenience and brand choice. Our next generation Keurig 2.0 brewers will do just that," said Brian P. Kelley, President and CEO of GMCR.

Northern Power Systems (www.northernpower.com), a next-generation renewable energy technology company based in Barre, Vermont, reports that 2013 has been its most successful year in its core business ever. Northern Power broke its previous sales records of the NPS 60 and NPS 100 wind turbines with triple digit orders, in terms of number of units, coming from its European markets.
Production at the company's US manufacturing facility in Barre is nearing full capacity and sources are actively being identified to meet additional demand. As a result, Northern Power expects its global fleet of distributed wind turbines to grow beyond 400 units by the end of 2014.

Verizon Wireless, operator of the nation’s largest 4G LTE network and largest, most reliable 3G network recently expanded fourth generation (4G) Long Term Evolution (LTE) network coverage in Berlin, Vermont. 4G LTE empowers Verizon Wireless customers with compatible devices to surf the Web, post status updates and photos, and download files wirelessly at speeds up to 10 times faster than customers on 3G networks.
Verizon Wireless first debuted its 4G LTE network in Vermont in May 2012. Recently, Verizon Wireless further enhanced its 4G LTE network in the Irish Hill area and along I-89 in Berlin, as well as along Route 63 in South Barre.

Crystal Rock Holdings, Inc (NYSE MKT: CRVP) has announced its financial results for its fiscal year that ended October 31, 2013. These results are filed on Form 10-K with the Securities and Exchange Commission.
Total sales for fiscal 2013 decreased slightly to $71.0 million compared to $71.1 million in fiscal 2012. Gross profit increased slightly for the year ended October 31, 2013 to $36.7 million from $36.6 million for the year earlier. Gross profit as a percentage was 52% for both years.

Merchants Bancshares, Inc (NASDAQ: MBVT), the parent company of Merchants Bank, announced Tuesday net income of $3.82 million and $15.13 million, or diluted earnings per share of $0.60 and $2.40, for the three months and year ended December 31, 2013, respectively. This compares to net income of $3.84 million and $15.19 million, or diluted earnings per share of $0.61 and $2.42, for the three months and year ended December 31, 2012, respectively.
The return on average assets was 0.91% and 0.90% for the three months and year ended December 31, 2013, respectively, compared to 0.91% and 0.92% for the same periods in 2012. The return on average equity was 13.07% and 12.97% for the three months and year ended December 31, 2013, respectively, compared to 13.08% and 13.37% for the same periods in 2012. We previously announced the declaration of a dividend of $0.28 per share, payable February 20, 2014, to shareholders of record as of February 6, 2014.

Governor Peter Shumlin has announced grants to install 13 publicly-available electric vehicle (EV) charging stations in six of Vermont’s Designated Downtowns, an important step to reduce greenhouse gas emissions, implement the Comprehensive Energy Plan, promote more EV purchases and support local economies.’
‘These charging stations will help reduce greenhouse gas emissions, lower the cost of transportation for families and businesses, and modernize our infrastructure,’ Shumlin said. ‘They also provide an important boost to our downtowns by encouraging folks to shop and dine while their car charges.’ ‘

This morning, the House Energy and Commerce Committee unanimously approved The Better Buildings Act (HR 2126), a bipartisan energy efficiency bill authored by Rep. Peter Welch and Rep. David McKinley (R-WV).’ Welch is a member of the Committee and the House leader on energy efficiency issues.’
‘The Committee’s action today demonstrates that energy efficiency is a policy area where there is common ground between both parties in Congress.’ Vermont has led the nation on efficiency and I am pleased that Congress is now making progress on this issue.’ Action on this bill and other pending efficiency initiatives will be good for the economy, good for the environment, and good for the bottom lines of American families and businesses.’ ‘

by Morgan True vtdigger.org Three Vermont lawmakers rejected a public records request from a mental health advocate for email communication about a bill that would change the judicial review process for involuntary treatment and medication of psychiatric patients.
The request, filed by Laura Ziegler, an advocate and former psychiatric patient, requested communications between lawmakers and the state’s hospital association after Nov. 15. Ziegler received the denial last Friday.
Ziegler wanted to know the degree to which input from the hospital association influenced the legislation that was eventually introduced, and to get a clear picture of the reasoning behind changes sought in S.287, the involuntary treatment and medication bill, she said.
‘I think that should be open to public scrutiny,’ Zeigler said in an interview Monday.

The Vermont Department of Labor announced today that the seasonally-adjusted statewide unemployment rate for December 2013 was 4.2 percent. This represents a decrease of two-tenths of a percent from the November rate of 4.4 percent. The comparative national average was 6.7 percent, which was down three-tenths of a percent from November. December 2013 data represents the third consecutive reported monthly decrease to the statewide unemployment rate in Vermont. As of the prior month’s initial data, Vermont’s unemployment rate was tied for the fifth lowest in the country.

Nearly one month after a one-year extension of legislation to protect the nation’s farming, conservation and nutrition programs expired, the US Senate and House of Representatives are poised this week to consider a final, comprehensive agriculture reform bill that will net more than $24 billion in savings, support 16 million American jobs, and make considerable progress in advancing conservation and wildlife protections.’
Vermont’s Senator Patrick Leahy (D), the most senior member of the Senate Agriculture Committee and a member of the conference committee tasked with reconciling differences between the Senate- and House-passed bills, lauded the committee’s work. The Farm Bill will accomplish some of the most far-reaching reform of US agriculture policy in decades.’

Berkshire Hills Bancorp, Inc (NYSE: BHLB) has reported record net income totaling’ $41 million’ in 2013, an increase of 24% compared to’ $33 million’ in the prior year.’ Earnings per share increased by 11% to’ $1.65’ and included the impact of shares issued in 2012 for bank acquisitions.’ Core earnings increased to a record’ $47 million’ in 2013 primarily due to the benefit of growth in’ New York’ and Eastern Massachusetts.’ Core earnings exclude net non-core charges for acquisitions, restructuring, and systems conversions.’ Core earnings per share totaled’ $1.87’ in 2013, compared to’ $1.98’ in the prior year.

by Tom Brown vtdigger.org
The union representing faculty at the University of Vermont issued a report Monday showing that administrative salaries have more than doubled in the past 10 years.
The analysis was released on the day that faculty and university officials began negotiations on a new three-year contract.
Denise Youngblood, president of UVM’s local of United Academics, said the increases amount to ‘administrative bloat,’ at the same time the university has warned faculty and staff to prepare for program cuts and layoffs.
Youngblood said that while the university is ‘pleading poverty’ in negotiations ‘it always finds money to pay themselves large salaries.’