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House passes historic health care reform legislation

Sun, 03/21/2010 - 7:14pm -- tim

The US House on Sunday passed historic health care reform legislation with the support of Rep. Peter Welch. A pair of bills approved by the House will extend access to health care to 32 million Americans, end abusive insurance company practices and cut the deficit by $138 billion over the next 10 years and by $1.2 trillion the following decade.

Ben & Jerry’s names Jostein Solheim as new CEO

Sat, 03/20/2010 - 6:03pm -- tim

Vermont s iconic ice cream makers, known for progressive social action as much as for the big chunks and swirls in their ice cream, have announced their newest leader from the home office. Jostein Solheim was appointed CEO of Ben & Jerry's Homemade Ice Cream and VP Global Brand Development, effective immediately. The new CEO, supported both by Unilever and the Ben & Jerry s Board of Directors, was introduced at the company s South Burlington headquarters during a town-hall style site meeting.

KeyBanks' Vermont District named 2009 District of the Year

Fri, 03/19/2010 - 12:32pm -- tim

KeyBanks’ Vermont District has been named the 2009 District of the Year among KeyBank N.A.’s 22 districts nationwide. The award recognizes the highest ranking district based on overall financial performance, service to clients and commitment to community.
“Our employees are incredibly dedicated to our clients and the communities we serve,” said Scott Carpenter, president, Vermont District, KeyBank N.A. “Our bankers work as a team to provide strong financial solutions and advice, and Vermonters and Vermont companies have rewarded us with their business.”

Gubernatorial appointments made in January and February

Fri, 03/19/2010 - 8:10am -- tim

Vermont Governor Jim Douglas today released the list of appointments made in January and February, 2010.
Board of Public Accountancy
Joshua Wayne Partlow, Saint Albans
Board of Allied Mental Health Practitioners
Tammy Austin, Middlebury
Committee on Alzheimer's Disease & Related Disorders
Karen Peplowski, Moretown
Apprenticeship Council
Wayne Vanasse, Corinth
Vermont Board of Architects
Edward Wolfstein, Burlington
Board of Barbers & Cosmetologists
Marsha Descheneau, Charleston
Donna Hendee, Rutland

Groundbreaking today for new Brattleboro yogurt factory

Thu, 03/18/2010 - 9:02am -- tim

Vermont Governor Jim Douglas as well as federal, state and local officials will join Commonwealth Dairy officials at a groundbreaking ceremony at the site of the company s Brattleboro, Vermont plant today. The company is planning a $32 million, state-of-the-art, LEED compliant, Class II dairy processing facility that includes alternative energy sources and will be designed to accept milk from the open market as well as segregated milk streams, such as organic and local. The 39,000-square foot production facility will be built on 5.9 acres of land in the Delta Campus.

Nokian Tyres revenues, profits down in 2009

Thu, 03/18/2010 - 8:58am -- tim

Net sales of Nokian Tyres Group amounted to EUR 798.5 million (2008: EUR 1,080.9 million), down by 26.1% compared to 2008. Operating result was EUR 102.0 million (EUR 247.0 million). Earnings per share were EUR 0.47 (EUR 1.12), and result for the period was EUR 58.3 million (EUR 139.9 million).  The North American operation, headquartered in Colchester, Vermont, was one of the brightest spots for the Finnish company. Net sales in North America were EUR 84.5 (EUR 80.7). Sales in North America have been helped by a recent law in Quebec requiring snow tires in winter.

Dartmouth economist to speak tonight on the future of financial regulation

Thu, 03/18/2010 - 6:29am -- tim

Collapses in the banking sector were a major cause of the current recession. Now Congress is entertaining sweeping proposals for additional banking regulation that may have large effects on Vermont s economy. Prof. Meir Kohn of Dartmouth College will speak on Regulating the Banks: Lessons from the Recent Crisis at the Sheraton Burlington s Emerald Ballroom today, Thursday, March 18, at 5 pm.

Leaking pipes at Vermont Yankee to be re-routed

Wed, 03/17/2010 - 8:54am -- tim

According to a report filed yesterday by the Vermont Department of Health, temporary modifications for the two hydrogen recombiner steam trap drain lines are in progress at the Vermont Yankee nuclear power plant in Vernon. The modification will eliminate the failed piping in the Advanced Off-Gas (AOG) pipe tunnel that has been draining directly into the tunnel and to the AOG pit sump through the floor drain, and will provide a direct path from the steam trap drain lines to the AOG drain tank. A more substantial enclosure over the AOG pipe tunnel excavation is also being constructed.

Burton to close South Burlington manufacturing plant

Wed, 03/17/2010 - 7:52am -- tim

Burton announced Tuesday that it will shift premium snowboard production from its small, Vermont-based Burton Manufacturing Center (BMC) to Austria, where the company has been building snowboards for over 25 years. Product design and development will still be home-grown in Vermont, where the company will relocate its snowboard prototyping resources from BMC into a new, purely R&D-driven prototype facility at its global headquarters in Burlington. Burton said 43 jobs will be lost, leaving 377 in Vermont and 900 worldwide.