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FairPoint suspends dividend, reports 2008 results

Fri, 03/06/2009 - 5:58am -- tim

FairPoint Communications, Inc. (NYSE: FRP) ("FairPoint" or the "Company"), a leading provider of communications services to communities across the country, has announced its financial results for the three and twelve months ended December 31, 2008. FairPoint completed its acquisition of Verizon Communication's wireline and related operations in Maine, New Hampshire and Vermont (the "Northern New England business") on March 31, 2008.

Legislative leaders announce priorities for second half of session

Fri, 03/06/2009 - 5:45am -- tim

Speaker Shap Smith and Senate President Peter Shumlin today announced their legislative priorities for the remainder of the 2009 session.  Speaker Smith and Senator Shumlin made a commitment to passing at least seven pieces of legislation that will create good paying jobs for Vermonters, encourage the development of clean renewable energy, reduce the Governor s proposed tax burden on businesses and grant equal marriage rights to all Vermonters. 

Vermont Trophy & Engraving announces 50th Anniversary

Fri, 03/06/2009 - 5:40am -- tim

Founded in 1959 as Baden s House of Trophies the company s primary focus was on bowling trophies. The company expanded into commercial engraving as Vermont Industrial Engravers and finally settled on Vermont Trophy & Engraving in 1973, since becoming the largest recognition manufacturer in the region. The company s motto is Recognition is Respect Made Visible

$5.7 million stimulus for Vermont transit

Thu, 03/05/2009 - 9:25am -- tim

Almost $5.7 million was released to Vermont today for transit programs funded by the economic recovery bill, Senators Patrick Leahy and Bernie Sanders and Representative Peter Welch announced.
The stimulus money for Vermont from the Federal Transit Administration was included in the bill that was designed to create some 8,000 jobs in Vermont to help jolt the economy out of recession.
Statewide, the Vermont Agency of Transportation will use $3.9 million to purchase 33 buses and vans for 10 local transit providers around the state.

Leahy and Douglas will open March 6th Conference on stimulus aid

Thu, 03/05/2009 - 9:22am -- tim

Vermonters’ interest in the newly enacted economic stimulus bill is so high that registration requests for Friday’s workshops on the plan have quickly outstripped capacity.  Sen. Patrick Leahy (D-Vt.), who organized the sessions, says signup requests topped 700 just days after online registration opened last week.  Leahy Thursday announced that a second conference will be held late this month in Brattleboro to help accommodate Vermonters unable to attend Friday’s session, with details to be announced later.

Retailers expand gas savings Override program

Thu, 03/05/2009 - 9:20am -- tim

On Feb. 27, the gas savings program that has put more than $10 million back into the pockets of consumers throughout New England returns to participating Shaw’s Supermarkets, Dunkin’ Donuts locations and Irving Oil gas stations.
Participating Shaw’s Supermarkets will once again be offering powerful gas savings to their customers, which can then be redeemed at Irving locations throughout Maine, New Hampshire, Massachusetts, and in select areas in Vermont and Rhode Island.

State bond sale of $50.5 million successful

Thu, 03/05/2009 - 8:57am -- tim

State Treasurer Jeb Spaulding announced today that Vermont successfully sold $50.5 million in general obligation bonds. Demand was so high that once the selling period was open, the bonds virtually sold out in less than three hours.
We are extremely pleased by the response of our bond offering, said State Treasurer Jeb Spaulding. We received approximately $123 million of orders for the $50.5 million in bonds that were available. The strong response indicates local investors and brokers are eager to invest in the State and support badly needed capital projects.

Weekly unemployment claims continue to climb

Thu, 03/05/2009 - 8:52am -- tim

Week Ending February 28, 2009. There were 1,543 new regular benefit claims for Unemployment Insurance last week, an increase of 242 from the week before. Altogether 18,255 new and continuing claims were filed, 822 more than a week ago and 6,891 more than a year earlier. The Department also processed 2,804 First Tier claims for benefits under Emergency Unemployment Compensation, 2008 (EUC08), 957 more than a week ago. In addition, there were 898 Second Tier claims for benefits processed under the EUC08 program.

Governor shuffles staff; Casey, Wark take on new duties

Wed, 03/04/2009 - 10:56am -- tim

Dennise Casey, Governor Douglas deputy chief of staff, has assumed the responsibilities of spokesman for the governor. His former press secretary, Stephen Wark, has accepted a position with the Department of Public Service as Manager of Special Projects. Wark will assume a leadership role in shaping the department s strategy to deploy the federal stimulus funds as well as the continuing development of the All Fuels Efficiency Program.