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California law firm files class action suit over CVPS sale

Fri, 09/16/2011 - 11:17am -- tim

Robbins Geller Rudman & Dowd LLP has announced that a class action has been commenced in the United States District Court for the District of Vermont on behalf of a proposed class of Central Vermont Public Service Corp CV +0.21% shareholders who held CVPS shares during the period beginning May 30, 2011 through and including the closing of the proposed acquisition of CVPS by Gaz Metro Limited Partnership ("Gaz Metro").

FEMA approves Individual Assistance for three more counties

Fri, 09/16/2011 - 9:54am -- tim

Governor  Peter Shumlin today announced that FEMA approved an Individual Assistance Declaration for Franklin, Lamoille and Orleans Counties, enabling homeowners and business owners to apply for federal financial assistance for everything from rebuilding costs to temporary housing expenses. 
‘I appreciate the Obama administration moving so quickly to approve this request,’ the Governor said. ‘This assistance will help Vermonters who have suffered damage or the loss of their homes and businesses get back on their feet.’ 

State energy plan signals Vermont is open for business

Fri, 09/16/2011 - 9:51am -- tim

Renewable Energy Vermont (REV) hailed this week's release of the draft Vermont Comprehensive Energy Plan (CEP). With a call for 90 percent renewable energy by 2050, the draft plan sends a clear signal that the Green Mountain state is taking bold steps to open its doors for robust economic development and job creation by deploying 21st century energy infrastructure.  

Opinion: Time for Vermonters to unite

Fri, 09/16/2011 - 9:36am -- tim

By Bruce Lisman. I was disappointed to read the editorial ‘Ethan Allen’s Legacy,’ on September 10 in both the Times Argus and Rutland Herald, which continues a harmful trend of divisiveness over politics and our economy. The editorial revived old liberal versus conservative arguments and then for good measure threw Wal-Mart under the bus as an example of a corporation weighing on small businesses while ignoring that some people prefer to shop there.

VBM, KeyBank celebrate Vermont's fastest growing companies

Fri, 09/16/2011 - 8:42am -- tim

Vermont Business Magazine and KeyBank celebrated  the achievements of the five fastest growing businesses in five categories over the last five years in Vermont at a ceremony Thursday night at the DoubleTree in South Burlington. 
The 25 extraordinary companies are listed below. AllEarth Renewables had the distinction of being the fastest overall company with 5,250 percent growth over five years.

President Obama signs Leahy-Smith America Invents Act on patent reform

Fri, 09/16/2011 - 8:37am -- tim

Vermont Senator Patrick Leahy witnessed the signing of the Leahy-Smith America Invents Act at an event in Alexandria, Virginia, today.  President Barack Obama signed the bill into law, capping a six-year bipartisan effort led by Leahy to enact the first comprehensive reforms to the nation’s patent system in nearly six decades. Vermont has the highest number of patents per capita in the nation.
‘Vermonters have a long legacy of innovation and creativity.  With the improvements included in the Leahy-Smith America Invents Act, that legacy is sure to continue. 

Climate change presentations coming to 8 Vermont schools

Fri, 09/16/2011 - 7:33am -- tim

Vermont Energy Education Program (VEEP) is teaming up with the Alliance for Climate Education (ACE) to help Vermont high school students learn more about climate change and do something about it.  This month, ACE is bringing their award-winning, all-school assembly program to eight high schools throughout the state.  The one-hour multimedia presentation is designed to inspire individual actions and school-wide efforts that will reduce energy use, shrink the school’s carbon footprint, and save the school money. 

Vermont unemployment rate rises to 5.9 percent, continues upward trend

Fri, 09/16/2011 - 6:10am -- tim

The Vermont Department of Labor announced today the seasonally-adjusted statewide unemployment rate for August 2011 was 5.9 percent, an increase of two-tenths of a percent from the July rate.  Compared to a year ago, the rate is lower by one-tenth of a percentage point.  Despite the increase, Vermont still has one of the lowest state unemployment rates in the country and is well below the national average of 9.1 percent.  Additionally, the current state rate is well below Vermont’s recent high of 7.3 percent percent in May of 2009 which was during the height of the last recession. 

Vermont Technical College inaugurates 18th president September 30

Fri, 09/16/2011 - 5:49am -- tim

Philip A Conroy, Jr, EdD, will be inducted as the 18th president of Vermont Technical College on Friday, September 30, 2011 at 2 pm in Judd Hall on the Randolph Center campus. Delegates representing colleges and universities from all of New England will join VTC faculty, staff and students in the academic procession and investiture ceremony.