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Southwestern Vermont Health Care names Thomas Dee new CEO

Fri, 11/06/2009 - 7:34am -- tim

The Southwestern Vermont Health Care Board of Trustees has named Thomas A Dee as the new Chief Executive Officer for the health system, which includes Southwestern Vermont Medical Center in Bennington. The board made the announcement in a series of meetings Wednesday with doctors and employees. Dee, who most recently was president and CEO of Benedictine Hospital in Kingston, NY, is expected to begin work on December 1.

Sanders bill would break up banks 'too big to fail'

Fri, 11/06/2009 - 7:12am -- tim

US Senator Bernie Sanders (I-VT) introduced legislation that would make the Treasury Department identify and break up financial institutions that are “too big to fail.”  
“If an institution is too big to fail, it is too big to exist,” Sanders said. “We should break them up so they are no longer in a position to bring down the entire economy. We should end the concentration of ownership that has resulted in just four huge financial institutions holding half the mortgages in America, controlling two-thirds of the credit cards, and amassing 40 percent of all deposits.”

Waldenbooks closing two Vermont stores among major national cut back

Fri, 11/06/2009 - 5:47am -- tim

As part of Borders Group's ongoing strategy to right-size its Waldenbooks Specialty Retail segment and emerge with a smaller, more profitable mall chain in fiscal 2010, the retailer will close approximately 200 mall stores in January, leaving approximately 130 mall-based locations open. A list of mall stores expected to close is included below. The list is not final and is subject to change pending finalization of agreements over the coming weeks.

Consumer boycott of 'Organic' cheater brands begins

Fri, 11/06/2009 - 5:38am -- tim

In a milestone victory resulting from years of work by the US organic community to address known fraud in the organic marketplace, the National Organic Standards Board (NOSB) has voted 12 to 1 for the USDA National Organic Program (NOP) to enforce the law for organic personal care just like they do for organic food. This would mean shampoos and other body care products that claim to be organic, but are not certified, would be forced to drop the organic claims made on their products or improve formations to meet organic standards.

Vermont Chamber remarks on governor's EB-5 trade mission to Asia

Thu, 11/05/2009 - 9:20am -- tim

The Vermont Chamber of Commerce recently returned from a very successful 12-day Trade Mission to the Far East with Governor Jim Douglas, officials from the Agency of Commerce and Community Development, and Vermont business executives.  The Vermont Chamber, which helped organize the trip met with top leaders and investors in Shanghai, Hong Kong, Taiwan, and Hangzhou to entice them to invest in Vermont companies. 

Smugglers Notch road closed again

Thu, 11/05/2009 - 8:18am -- tim

The Vermont Agency of Transportation this morning closed Route 108 through Smugglers Notch. VTrans does not know yet if the road is closed for the winter. It will assess the roadway if/when the weather warms up to see if it can be reopened and inform the public at that time. Motorists at this time should assume the Notch Road will be closed at least through Friday and likely through the weekend.
Source: John Zicconi, Vermont Agency of Transportation

State, Vermont Chamber team up to help companies get government contracts

Thu, 11/05/2009 - 7:06am -- tim

Businesses looking to land lucrative contracts with state and federal governments can get a free lesson next week without ever leaving their offices. The Vermont Chamber of Commerce and Vermont Procurement Technical Assistance Center (PTAC) – a part of the state Department of Economic, Housing and Community Development – are teaming up to present a free webinar on Thursday, November 12 from 11 to 11:30 a.m. to teach businesses the ins and outs of government contracting.

Stantec reports increase in third quarter earnings

Thu, 11/05/2009 - 6:59am -- tim

The third quarter of 2009 resulted in strong operating results for Stantec as gross revenue increased 10.5% to C$384.2 million and net revenue increased 6.1% to C$306.7 million compared to the third quarter of 2008. Gross margin increased from 56.0% to 56.5% and cash from operating activities increased from C$54.6 million in the third quarter of 2008 to C$62.9 million in 2009. Stantec's South Burlington office employs about 45 people, with another 40 in North Springfield.

NBT Bank hires McCarthy as commercial banker for Vermont

Thu, 11/05/2009 - 5:56am -- tim

NBT Bank Regional President Matt Durkee announced that Peter McCarthy has been hired as vice president and senior commercial banking relationship manager. In this position, McCarthy is responsible for developing and managing business relationships with the bank’s commercial customers in Vermont. He is based at the bank’s regional office at 150 Bank Street in Burlington.
“We are pleased to have Peter McCarthy on our commercial banking team,” Durkee said. “His experience serving all types of companies in Vermont will be very beneficial to our customers.”