News
Christopher Dutton, the former head of Green Mountain Power, has been named to lead the Vermont Telecommunications Authority (VTA). Governor Jim Douglas, Speaker Shap Smith and Senate President Pro Tem Peter Shumlin announced the appointment today. The VTA was established by the Legislature in 2007 as part of Governor Douglas proposal to make Vermont the nation s first e-state.
People's United Financial, Inc. (Nasdaq: PBCT) announced July 16, 2009, net income of $27.4 million, or $0.08 per share, for the second quarter of 2009, compared to $26.7 million, or $0.08 per share, for the first quarter of 2009, and $43.0 million, or $0.13 per share, for the second quarter of 2008.
Merchants Bancshares, Inc. (Nasdaq: MBVT), the parent company of Merchants Bank, announced July 16, 2009, that its Board of Directors declared a dividend of 28 cents per share, payable August 13, 2009, to shareholders of record as of July 30, 2009. Merchants plans to release earnings on or about July 29, 2009.
Three community hospitals have formed the not-for-profit Vermont Hospital Shared Service Network (VEHSSN).
The two economists charged with projecting state revenues told the Vermont Emergency Board today that barely more than two weeks into the new fiscal year revenue projections are already down $28 million. They agreed that this recession is the worst since the Great Depression nearly 80 years ago.
Do you owe back state taxes? The Vermont Tax Amnesty Program, or VTAP, offers a rare opportunity to pay those taxes and have the late payment penalty waived. The last amnesty program for Vermont taxes ran in 1990.
A national rating firm has once again ranked Vermont as having the lowest home foreclosure rate in the nation, based on second quarter and year-to-date numbers. Vermont has both the fewest foreclosures over the first half of the year and the lowest rate as a percentage of housing units.
The owner of the Entergy Vermont Yankee nuclear plant in Vernon and four other such plants has met with New York regulators to make a more attractive financial offer in its effort to spin off those reactors into a new company called Enexus.
J.D. Power and Associates has ranked Central Vermont Public Service second in the East for customer satisfaction among midsized utilities. In J.D. Power and Associates study results released today, CVPS also ranked second in the East Midsize segment for the corporate citizenship and communications factors. The company ranked above the regional average for midsized utilities in all J.D.
Union Bankshares, Inc. (NASDAQ UNB) today announced net income for the quarter ended June 30, 2009 was $1.23 million or $0.28 per share compared to $1.19 million or $0.27 per share for the same period in 2008. Net Income year to date was $2.50 million or $0.56 per share for 2009 compared to $2.60 million or $0.58 per share for 2008.
FairPoint Communications, Inc. (NYSE: FRP) announced today a number of organizational changes. David Hauser, chairman and chief executive officer of FairPoint Communications, announced that effective immediately he is making several organizational changes in order to position the company to better tackle the integration issues of its systems in northern New England.
US Senator Patrick Leahy (D-Vt.), US Senator Bernie Sanders (I-Vt.), and US Representative Peter Welch (D-Vt.) on Wednesday announced $683,388 in recovery funding for Barre, Vermont's Northern Power Systems. Northern Power was one of just 28 wind energy projects nationwide to receive nearly $13.8 million in Department of Energy funding intended for research, testing and analysis.