Dartmouth, D-H Expected to Detail Geisel Restructuring
Hanover — Uncertainty continues regarding the restructuring plan that Dartmouth College is developing for its Geisel School of Medicine, where annual budget deficits had been headed toward $30 million. There is particular worry over the fates of the unspecified number of faculty and staff whose jobs will be eliminated . Some employees may be laid off. Others expect to be hired at Dartmouth-Hitchcock, the medical system that is...
Despite Endowment, Challenges Abound
At first glance, Dartmouth-Hitchcock, a medical system with net assets of $410 million at the end of last fiscal year, seems an unlikely cavalry to be riding to the financial rescue of a medical school whose parent — Dartmouth College, please don’t call it a university — finished the year with net assets of $5.33 billion. But such simple comparisons don’t provide especially useful benchmarks to outside observers as they watch the...
Milne Sells Majority Stake in Travel Firm
West Lebanon — Milne Travel, the Barre, Vt.-based travel agency owned by former Vermont GOP gubernatorial candidate Scott Milne, has sold a controlling stake in the company to the New York-based travel management giant Altour International Inc. Milne said the “business partnership” will provide Milne Travel, which has offices in four states, with a wider reach to compete for corporate accounts in addition to savings by tapping into...
Maine Seafood Value Breaks Record
Portland, Maine — Maine’s lifeblood commercial fishing industry once again broke records for the value of marine species at the dock in 2015, state officials said. Fishermen in the state topped $631 million at the dock with their catch last year, surpassing the previous year’s total by more than $33 million. Last year’s total catch also broke previous records. Lobsters constituted more than three-quarters of the total value at more...
Twitter Shares Tumble
San Francisco — The recent negativity shown toward many Internet companies hit Twitter hard Monday, as the social-media leader’s stock price fell to its lowest level ever ahead of its upcoming quarterly earnings report. Shortly after trading began, Twitter shares fell more than 5 percent, to $14.87, hitting their lowest point since the company went public in November 2013. The losses added to Twitter’s stock-price downfall, which has...
