News

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AllEarth Renewables, Inc. of Williston, Vt., announced today that Andrew Savage will join the company's senior management team as Director of Communications and Public Affairs.

Submitted on by tim

The Vermont State Colleges this week announced the selection of two finalists for the position of president of Vermont Technical College. The names of the candidates were sent to the Board of Trustees by its presidential search committee following interviews with four candidates during the week of November 15.

Submitted on by tim

Governor-elect Shumlin today announced his "transportation team." Brian Searles will be the Agency of Transportation’s next Secretary; Sue Minter will serve as Deputy Secretary. Searles, former Transportation Secretary under Governor Dean, currently is director of Burlington International Airport.

Submitted on by tim

CitiCapital, the lead creditor for Burlington Telecom, the municipal telecommunications company, and the City of Burlington have failed to rework a financing deal on tens of millions of dollars in debt. CitiCapital will repossess the equipment as a result. However, before that happens the Vermont Public Service Board must approve any action that would significantly affect service.

Submitted on by tim

Weekly unemployment claims rose steeply last week continuing an upward trend over the last couple of months. For the week of November 20, 2010, there were 1,401 new regular benefit claims for Unemployment Insurance, an increase of 508 from the week before. Altogether 9,563 new and continuing claims were filed, an increase of 795 from a week ago and 1,847 fewer than a year earlier.

Submitted on by tim

On November 18, Entergy Vermont Yankee officials told the Vermont Health Department that the 300,000 gallon objective for groundwater remediation had been met, and groundwater extraction has been terminated. Radioactive tritium had been discovered leaking into the ground at the Vernon plant last January.

Submitted on by tim

Stowe Mountain Resort opened for the 2010/2011 winter season today, Wednesday, November 24. Appropriately named ‘Ski Capital of the East’, Stowe is the premiere destination for skiers and snowboarders on the East Coast.

Submitted on by tim

US households are expected to spend an average of $384 on Christmas gifts this holiday season, slightly less than last year’s estimate of $390, The Conference Board reports today. New England had by far the highest average of any

Submitted on by tim

At its recent breakfast celebration and awards ceremony (November 18th - Sunset Ballroom, Burlington) for the Northwest Region (Chittenden, Franklin and Grand Isle Counties), the Vermont Small Business Development Center (VtSBDC) announced the following winners in five categories.

Submitted on by tim

The US Court of Appeals for the Second Circuit has ruled that a Vermont law restricting the commercial use of information relating to physician prescribing patterns is unconstitutional.

Submitted on by tim

Vermont's foreclosure rate has slowly climbed over the last six months, but is still among the 10 lowest in the nation. Florida continues to be the worst. The October Mortgage Monitor report released by Lender Processing Services, Inc. (NYSE: LPS) shows that accelerated foreclosure referral activity over the last several months has pushed the US foreclosure inventory rate to all-time highs.

Submitted on by tim

Senator Patrick Leahy reports that General Dynamics Armament and Technical Products, which maintains an engineering division in Burlington, has been awarded a $94.6 million order from the US Army to continue production of reactive armor for 440 Bradley Fighting Vehicles.