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Dr Robert Simpson to step down as president & CEO of the Brattleboro Retreat

Tue, 04/28/2015 - 3:38pm -- tim

The Brattleboro Retreat’s Board of Trustees has announced that Dr Robert E Simpson has decided not to renew his contract offer and will step down from his position as President and Chief Executive Officer on December 31. In his announcement to the Board, Simpson said, “It has been a privilege to lead the transformation of the Brattleboro Retreat over the past eight years.

ISO: New England should meet electric demand this summer

Tue, 04/28/2015 - 12:37pm -- tim

Vermont and New England are expected to have enough electric generation and demand-response resources available to serve forecasted peak demand this summer, according to ISO New England Inc, the operator of the region’s bulk power system and wholesale electricity markets. This summer, under normal weather conditions of about 90 degrees Fahrenheit (°F), electricity demand is forecasted to peak at 26,710 megawatts (MW). Extreme summer weather, such as an extended heat wave of about 94°F, could push demand up to 29,060 MW.

Applied Energy Technologies and juwi complete 3.6 MW solar project in Essex Junction

Tue, 04/28/2015 - 12:19pm -- tim

Applied Energy Technologies (AET), a preferred supplier of utility-scale racking systems and one of the top 10 solar racking companies in the United States, and juwi Inc. (juwi), a leading renewable energy company based in Boulder, Colorado, have completed a 3.6 MW solar installation project in Essex Junction, Vermont, one of the largest in the state. 

Governor Shumlin highlights thousands of open positions in Vermont

Tue, 04/28/2015 - 12:10pm -- tim

Vermont businesses are hiring and Governor Peter Shumlin joined with 14 of them today to highlight thousands of open positions around the state. The Governor also encouraged job seekers interested in advanced manufacturing to attend a job fair this Thursday, April 30th, organized by the Vermont Department of Labor for IBM, to be held at the Sheraton in Burlington from noon to 6 pm. No pre-registration is required.

Ledyard Financial Group reports record quarterly earnings

Tue, 04/28/2015 - 11:52am -- tim

Ledyard Financial Group, Inc (ticker symbol LFGP), the holding company for Ledyard National Bank, has reported record quarterly earnings for the first quarter of 2015. Net income for the quarter ended March 31, 2015, was $1,119,680 or $1.10 per share compared to $938,305 or $0.93 per share for the same period in 2014, an increase of $181,375 or 19 percent. 

Honeywell and NASA bring Hip-Hop Physics Educational Series to middle schools In Vermont

Tue, 04/28/2015 - 10:47am -- tim

Honeywell (NYSE: HON) and NASA's award-winning, hip-hop physics education program, FMA Live! Forces in Motion, is making its way to Northeastern US middle schools this spring. Aiming to inspire students to learn and enjoy math and science in a compelling, fun and memorable way, the popular show is in high demand, having been performed before 400,000 students in all 48 contiguous US states, as well as in Mexico and Canada, since its creation in 2004.

Merchants Bancshares reports details of NUVO Bank & Trust Company acquisition for $21.8 million

Tue, 04/28/2015 - 9:49am -- tim

Merchants Bancshares, Inc (NASDAQ: MBVT), the parent company of Merchants Bank, and NUVO Bank & Trust Company have revealed details of the acquisition terms first reported on Monday. The banking companies have jointly announced the signing of a definitive agreement pursuant to which Merchants Bancshares, Inc will acquire NUVO Bank & Trust Company for approximately $21.8 million in stock and cash, which represents $7.15 per share.  

Berkshire Hills reports increase in Q1 core EPS, dividend declared

Tue, 04/28/2015 - 9:41am -- tim

The parent company of Berkshire Bank, Berkshire Hills Bancorp, Inc (NYSE: BHLB), has reported $0.50 in core earnings per share in the first quarter of 2015, which was a 19% increase over first quarter results in the prior year. Profit growth has been due to higher revenues from continued business momentum.   First quarter core EPS increased by 4% from $0.48 in the fourth quarter of 2014.  GAAP EPS totaled $0.35 per share in the most recent quarter compared to $0.46 in the linked quarter.  Earnings in both periods were impacted by non-core charges related primarily to growth and restructurin