Three Department of Corrections business managers say man was paid more for the same work. But it was his starting pay at another position that’s at issue.
The ultimate asking price and ownership structure will determine what, if anything, city taxpayers may recoup from their unwitting investment in the public utility. A hypothetical market value of $11 million wouldn’t leave much after other stakeholders claim their share, but city officials say it’s the best possible deal.
The rumored deal between IBM and chip-making rival GlobalFoundries could be off, industry observers say. Alliance@IBM, the unofficial union for the tech giant, issued an unconfirmed report Tuesday afternoon that a company executive made the announcement to managers at IBM’s East Fishkill, New York, facility. Lee Conrad said the group received the update by email, […]
A union strike authorization vote by FairPoint Communications workers has been delayed due to storms in northern New England. Results of the vote are now expected July 18. Mike Spillane, business manager for IBEW Local 2326 in Colchester, said Friday that storm damage, mainly in New Hampshire, was keeping crews busy this week. “We just […]
Cash Cure LLC will pay $93,000 to settle claims it violated Vermont’s consumer protection and lending laws, Vermont Attorney General Bill Sorrell announced this week. The Delaware-based company made short-term loans whose interest and fees often exceeded the value of the loans, according to a news release. Annual interest typically eclipsed 300 percent. Under the […]
The Vermont Student Assistance Corp. has sold $29.9 million in bonds to raise money to loan to Vermont students. The loans can be used in the 2014-2015 school year by Vermont students attending colleges in the U.S. or abroad, or by out-of-state students attending Vermont institutions. Undergraduate and graduate students can qualify for the Vermont […]