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Entergy Corp sees profits decline in first quarter

Mon, 05/04/2009 - 8:09am -- tim

Entergy Corporation (NYSE: ETR) today reported first quarter 2009 as-reported earnings of $235.3 million, or $1.20 per share, compared with $308.7 million, or $1.56 per share, for first quarter 2008. On an operational basis, Entergy's first quarter 2009 earnings were $252.6 million, or $1.29 per share, compared with $308.7 million, or $1.56 per share, in first quarter 2008. 

General Dynamics gets $150 million rocket order

Fri, 05/01/2009 - 9:38am -- tim

The US Army Aviation and Missile Command Contracting Center has awarded General Dynamics Armament and Technical Products an order valued at approximately $150 million to produce Hydra-70 rockets, warheads and motors. Deliveries are expected to begin in September 2010. This order was awarded under a five-year contract originally signed in 2005. General Dynamics Armament and Technical Products is a business unit of General Dynamics (NYSE: GD). System engineering and program management will be performed at General Dynamics Burlington Technology Center in Vermont.

Senate passes watered down Vermont Yankee bill

Fri, 05/01/2009 - 9:33am -- tim

The state Senate yesterday passed a Vermont Yankee decommissioning bill that is a significantly watered down version of one that passed the House, but which still requires the current owners of the Vernon nuclear power plant to cover the cost of decommissioning the plant, whenever that might be. The House version requires that Entergy fully fund the decommissioning within 10 years if the plant closes in 2012.

EXPO 2009 keynote speaker is Van Jones, White House Council on Environmental Quality

Fri, 05/01/2009 - 8:16am -- tim

On May 20 and 21, business leaders from across Vermont, New England and Canada will converge on Northern New England s largest business-to-business trade show, the Vermont Business & Industry EXPO. The 25th annual exposition of business resources and networking opportunities will take place at the Sheraton Hotel & Conference Center in Burlington. The featured guest will be Van Jones, White House Council on Environmental Quality who will be the keynote speaker during lunch on Thursday May 21. The lunch is sponsored by Comcast Business Class.

Wes Oswald named interim CEO at Northwestern Medical Center

Fri, 05/01/2009 - 8:01am -- tim

The Northwestern Medical Center (NMC) Board of Directors is pleased to announce that Wesley W. Oswald has accepted the position of Interim Chief Executive Officer.  Oswald is temporarily filling the position vacated by long-time NMC CEO Peter Hofstetter, who has accepted the CEO position at Holy Cross Hospital in Taos, New Mexico.

Former Vermont Teddy Bear President & CEO Purchases Premier Women’s Cycling Company

Fri, 05/01/2009 - 4:05am -- admin

Charlotte, VT April 30, 2009 Former President and CEO of the Vermont Teddy Bear Company, Elisabeth Robert, announced her acquisition of a majority interest in Terry Precision Cycling, today s premier women s cycling company. Terry s founder Georgena Terry and Vice President of Marketing Paula Dyba will remain as continuing equity partners in the business.

Private-public 'matchmaker' conference Friday in Burlington

Thu, 04/30/2009 - 12:09pm -- tim

Rep. Peter Welch and the state of Vermont will host a day-long conference this Friday designed to help small businesses learn how to contract with the state and federal government.
The Stimulating Green $$ conference, which will take place from 7:30 a.m through 3:30 p.m. at the Burlington Sheraton, will feature government agencies and contractors looking to contract or subcontract with Vermont s small businesses.

Increasing cost of long-term care in Vermont nearly double inflation rate

Thu, 04/30/2009 - 9:59am -- tim

The cost of long term care in Vermont is rising at a rate outpacing inflation, putting significant financial pressure on those in or near retirement, according to an annual study by Genworth Financial. At the same time, the current economic downturn has led to a decline in home values and investment returns for many residents of Vermont, creating further financial planning challenges for many in the state.

State announces $2.75 million in transportation (bike/ped) grants

Thu, 04/30/2009 - 9:30am -- tim

Governor Jim Douglas today announced that 21 Vermont communities will receive a combined $2.75 million for transportation enhancement projects These grants provide seed money to towns and cities across Vermont so communities can complete important transportation projects they otherwise might not be able to afford, Douglas said. The projects not only improve our existing transportation system, but they provide a significant contribution to the state s economy.

Burlington Electric sells Renewable Energy Certificates

Thu, 04/30/2009 - 9:25am -- tim

World Energy Solutions, Inc. (NASDAQ: XWES; TSX: XWE), an operator of online exchanges for energy and green commodities, today announced Burlington Electric Department (BED) has successfully brought to market, and sold, CT Class I Renewable Energy Certificates (RECs) on the World Green Exchange®. BED produces a significant number of CT Class I RECs annually through a wood-fired facility in Burlington, Vermont. The RECs have been sold on behalf of BED and the other joint owners of the facility: Central Vermont Public Service, Green Mountain Power, and VPPSA.

In response to swine flu outbreak, governor calls for strategic national stockpile plan

Thu, 04/30/2009 - 9:17am -- tim

Governor Douglas today called for Vermont National Guard assistance with the implementation of the State of Vermont Strategic National Stockpile Plan.  Specifically, National Guardsmen and women will assist state officials in our effort to inventory and distribute antiviral supplies.
While there have been no confirmed cases of Swine Flu in Vermont, state officials are coordinating with our federal partners and are working closely with local leaders to ensure that Vermont is prepared in the event of an outbreak.
Source: Governor's office