Featured Articles in Business

Southwest Airlines readies big play for business flyers as companies ready return to office

Southwest Airlines is ready to make the biggest push for business customers in the company’s history with a distribution deal with Southlake-based Sabre Corp. that started Monday. Dallas-based Southwest, which has long been reluctant to share revenue with third-party companies when it sells tickets, went live on Sabre’s global distribution platforms Monday. READ FULL STORY

All in: Business

Southwest Airlines readies big play for business flyers as companies ready return to office

Southwest Airlines is ready to make the biggest push for business customers in the company’s history with a distribution deal with Southlake-based Sabre Corp. that started Monday. Dallas-based Southwest, which has long been reluctant to share revenue with third-party companies when it sells tickets, went live on Sabre’s global distribution platforms Monday. READ FULL STORY

NW Energy’s proposed gas-fired plant in Laurel facing scrutiny

HELENA — Editor’s note: This is the first of a two-part series on NorthWestern Energy’s request for pre-approval of 225 megawatts of new electricity resources – including construction of a 175-megawatt natural gas-fired plant in Laurel. NorthWestern Energy’s proposal to build a 175-megawatt power plant fired by natural gas in Laurel, to help serve its Read More…

How COVID revealed huge structural problems in US supply chains, resulting in shortages

WASHINGTON (SBG) — Economists believe the pandemic has revealed just how vulnerable the United States’ supply chain is to major economic shocks and that the time is coming where experts will have to rethink how to move products around the globe. The country has experienced severe shortages of everything from computer chips, to toilet paper, to furniture Read More…

ProPublica Donors Absent From Bombshell Report on Billionaire Tax Dodgers

ProPublica made waves after it obtained thousands of private tax documents for the country’s wealthiest citizens and published a scathing investigation centered on the tax rates of Warren Buffett, Jeff Bezos, and Michael Bloomberg, among others. Absent from the report: any of the publication’s largest donors, including Laurene Powell Jobs, David Filo, and Pierre Omidyar. The nonprofit news Read More…

Eagle Bancorp Montana, Inc. Announces Preliminary Results of its Modified Dutch Auction Tender Offer

HELENA, Mt., June 23, 2021 (GLOBE NEWSWIRE) — Eagle Bancorp Montana, Inc. (NASDAQ: EBMT), (the “Company” or “Eagle”) announced today the preliminary results of its modified “Dutch auction” tender offer (the “Tender Offer”) to purchase for cash up to $6,000,000 of shares of its common stock (the “Common Stock”) at a price per share not Read More…

Vivendi sells 10 percent stake in Universal Music Group to Ackman’s SPAC

Billionaire investor Bill Ackman bought a 10 percent stake in Vivendi’s Universal Music Group for $4 billion, valuing the world’s largest record label — which is home to Drake, Taylor Swift and Billy Eilish — at around $42 billion. Ackman’s blank-check company Pershing Square Tontine Holdings and Vivendi announced the news on Sunday after weeks Read More…

Biogen faces tough questions over $56K-a-year price of newly approved Alzheimer’s drug

Biogen on Tuesday faced tough questions from Wall Street analysts over the $56,000 annual cost of its newly approved Alzheimer’s drug, Aduhelm – a price tag executives are calling “fair” and “responsible.” Shares of Biogen surged 38% on Monday after the FDA announced it approved the company’s drug, scientifically known as aducanumab. It is the first medication cleared by Read More…

Memorial Day travel to more than double this year; Billings-based KOA predicts ‘best year yet’

BILLINGS – Montanans across the state are ready to get out after a year of staying in due to the COVID-19 pandemic. That’s why travel experts and those with camping giant KOA say travel for this Memorial Day holiday weekend will break records. “People are booking and booking often,” said Billings-based KOA Director of Public Read More…

Snowflake relocates executive office from California to Bozeman, Montana, as company goes distributed

Snowflake, the cloud data analytics vendor that held the biggest U.S. software IPO ever last year, has become the latest tech company to jettison California. In its earnings press release on Wednesday, Snowflake’s dateline showed up as “No-Headquarters/BOZEMAN, Mont.” As recently as May 3, when the company announced the date of its first-quarter earnings report, that same line said “SAN MATEO, Read More…

John Malone sees merged WarnerMedia-Discovery becoming No. 3 global streamer behind Netflix, Disney+

The blockbuster WarnerMedia-Discovery deal is especially good news for HBO Max, billionaire media mogul John Malone told CNBC’s David Faber. In an interview that aired Monday, Malone said his previous reservations about HBO Max’s ability to be a dominant player in the crowded digital-streaming landscape will be addressed once the AT&T-owned service is under the same roof as Discovery. READ FULL Read More…

Bernard Arnault Becomes World’s Richest Person As LVMH Stock Rises

French fashion tycoon Bernard Arnault is the world’s richest person this Monday morning, with an estimated net worth of $186.3 billion—putting him $300 million above Jeff Bezos, who is worth $186 billion, and Elon Musk, worth $147.3 billion. Arnault’s fortune has jumped from $76 billion in March 2020 to $186.3 on Monday, a massive rise of over $110 billion Read More…

Biden’s $80 billion plan to beef up IRS audits may target wealthy small business owners

President Joe Biden is asking for $80 billion to help the IRS crack down on tax avoidance from wealthy Americans and big corporations. The proposal seeks a boost in enforcement staffing, technology and additional bank reporting, measures that may generate an estimated $700 billion in tax revenue over the next decade. However, some financial experts say the Read More…

Warren Buffett says Berkshire Hathaway is seeing ‘very substantial inflation’ and raising prices

Warren Buffett is seeing inflation among Berkshire Hathaway’s collection of businesses as the economic recovery from the Covid pandemic kicks into high gear. “We are seeing very substantial inflation,” the Berkshire chairman and CEO said at the conglomerate’s annual shareholder meeting Saturday. “It’s very interesting. We are raising prices. People are raising prices to us and it’s being accepted.” Read More…

SBA launches $5B grant program for small businesses. See who gets the money

Small businesses and nonprofit groups hardest hit by the coronavirus pandemic now are eligible for additional support under a $5 billion Small Business Administration program The new round of Economic Injury Disaster Loan assistance, known as Supplemental Targeted Advances, is available for up to 1 million small businesses and nonprofits with no more than 10 employees. Here’s Read More…