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FairPoint Communications reports 2015 Q1 results, revenues down

Wed, 05/06/2015 - 12:09pm -- tim

by Timothy McQuiston Vermnt Busness Magazine FairPoint Communications, Inc (Nasdaq: FRP), Vermont's largest communications provider, today announced its financial results for the first quarter ended March 31, 2015. The landline phone and Internet company reported that accrued pension and other post-employment benefit obligations have declined a combined $680.3 million from December 31, 2014 to March 31, 2015, based primarily on the new collective bargaining agreements following the resolution of the prolonged strike, which ended in February.

SJC hearing Wednesday on Leahy's Freedom of Information Act bill

Wed, 05/06/2015 - 10:52am -- tim

The Senate Judiciary Committee is holding a hearing entitled, “Ensuring an Informed Citizenry: Examining the Administration’s Efforts to Improve Open Government.”  Ranking Member Patrick Leahy (D-Vermont) has long worked to improve government openness and transparency, and was inducted into the FOIA Hall of Fame in 1996 for his work.

Dartmouth-Hitchcock receives three distinctions for patient care

Wed, 05/06/2015 - 6:37am -- tim

by Mike Barwell, Dartmouth-Hitchcock Three national organizations have confirmed Dartmouth-Hitchcock Medical Center’s (DHMC) leadership for  providing the highest quality of patient care. The distinctions include accreditation with the Gold Seal of Approval by The Joint Commission, a four-star rating for patient satisfaction on Hospital Compare; and recertification as the region’s primary trauma center:

Brookfield to celebrate opening of 'floating bridge' May 23,24

Wed, 05/06/2015 - 5:18am -- tim

The Brookfield Floating Bridge Celebration Planning Committee has announced today two-day celebration focused around the opening of the 8th Brookfield Floating Bridge on May 23 and 24. Festivities will take place in the center of Brookfield, Vermont, in the vicinity of Hippo Park, the floating bridge, and the Old Town Hall. The Brookfield Floating Bridge is the only bridge of its kind east of the Mississippi. There have been seven bridges over the past centuries, and the opening of this bridge marks the eighth bridge traversing the lake. The bridge, designed by TY Lin and constru

Governor to sign Vermont Captive Insurance bill into law

Tue, 05/05/2015 - 1:40pm -- tim

Governor Peter Shumlin will sign new legislation passed in the 2015 session strengthening Vermont’s captive legislation in a variety of areas including groundbreaking changes to the investment guideline to allow marketable securities along with cash, trusts and letters of credit to meet the minimum capital requirement. Governor Shumlin will hold a ceremonial signing of the bill alongside captive insurance industry professionals on May 7, in Burlington.

Burn permit ban goes into effect in Vermont, May 5-19

Tue, 05/05/2015 - 1:22pm -- tim

After a warm, dry weekend and a Red Flag warning yesterday that ended with more than 25 new reports of wild fires, the Vermont Department of Forests, Parks, and Recreation (FPR) has issued an order for all of the state's forest fire wardens to cease issuing burning permits as of 3 pm on May 5 through May 19. A Red Flag Warning means there are critical fire weather conditions including low relative humidity, high winds with little to no precipitation had fallen in the past few days. Fires that ignite during these conditions spread rapidly and with high intensity.

Providers urge legislators to reject $5 million tax on satellite TV subscribers

Tue, 05/05/2015 - 1:10pm -- tim

Satellite television retailers sent a letter to lawmakers today urging the Legislature to reject a Senate proposal to impose a new tax on satellite television subscribers. This tax would be an addition to the 6% tax already paid by Vermonters making the total tax among the highest in the nation.

Keurig responds to speculation about changes to the R&D and engineering team

Tue, 05/05/2015 - 7:40am -- tim

Vermont Business Magazine Following an executive shakeup involving its chief technology officer, Waterbury-based coffee company Keurig Green Mountain (NASDAQ: GMCR) issued this statement: “Kevin Sullivan, formerly Keurig’s Chief Technology Officer, remains with the company and has no plans to leave. Over the past 15 months, Kevin and Brian Kelley, Keurig’s President and CEO, have been working closely together to shift Kevin’s responsibilities at his request. Kevin will now focus exclusively on critical technology initiatives for the company.