Governor Greg Gianforte joined Rivian officials and community leaders in Belgrade this week to celebrate the opening of the company’s new 20,000-square-foot service and demo center, marking Rivian as the first electric vehicle manufacturer to invest in Montana. “It’s great to welcome Rivian to Montana as the first electric vehicle manufacturer to invest in our Read More…
Warren Buffett, the legendary investor known as the “Oracle of Omaha,” celebrated his 95th birthday Tuesday in typically understated fashion, surrounded by close family and friends in his hometown. Buffett, chairman and chief executive of Berkshire Hathaway, has long avoided lavish celebrations. Instead, those close to him said the billionaire spent the day with a Read More…
U.S. stocks slipped this week, closing out August on a mixed note as investors balanced encouraging inflation data, strong corporate earnings, and fresh trade developments against concerns of political and technological volatility. The S&P 500 finished the week down 0.1%, while the Dow Jones Industrial Average and Nasdaq Composite each shed about 0.2%. The Russell Read More…
Gov. Greg Gianforte on Monday marked the opening of Eshylon Scientific’s new facility in Bozeman, cutting the ribbon on the semiconductor manufacturing solutions company’s relocation from California to Montana. The governor toured the site and highlighted the investment as part of Montana’s growing technology and semiconductor industry. “Montana is becoming a hub for entrepreneurship and Read More…
After recently announcing a new mask/face covering policy going into effect Monday, Costco will also now begin temporarily limiting fresh meat purchases at its warehouses. Costco says fresh meat purchases will be temporarily limited to a total of three items per member among the beef, pork and poultry products. “Costco has implemented limits on certain items Read More…
A top financial ratings service has listed western Wyoming gas drillers Ultra Resources and Jonah Energy among issuers of “top bonds of concern” whose securities could face “imminent” default. Fitch Ratings named the two companies that operate in the Pinedale Anticline, Jonah Field and Normally Pressured Lance, or NPL Field in an April 13 report Read More…
SEATTLE — Face masks will soon be mandatory for all passengers and flight crews on Alaska Airlines planes, the airline announced Friday. The policy goes into effect on May 11 for passengers, but on Monday for employees whose jobs makes it difficult to maintain 6 feet of space between others, including pilots, flight attendants and customer Read More…
MISSOULA, Mont. — The Kettlehouse Northside location is closing permanently in Missoula due to COVID-19 pandemic. They posted the following on their Facebook page: We have some difficult news to share. We have made the decision to permanently close our Northside taproom in response to the global pandemic we are currently experiencing. As a result of Read More…
BILLINGS, Mont. — Restaurants and bars around the Treasure State are gearing up to reopen, but they can only do so under certain restrictions outlined by Governor Steve Bullock and the Yellowstone County Unified Health Command. One restaurant in Billings is making sure all employees follow these new protocols, by putting staff through a web-based Read More…
Gross domestic product fell 4.8% in the first quarter, according to government numbers released Wednesday that provide the first detailed glimpse into the deep damage the coronavirus wreaked on the U.S. economy. Economist surveyed by Dow Jones had expected the first estimate of GDP to show a 3.5% contraction. This marked the first negative GDP Read More…
BOZEMAN — On Wednesday Montanans heard from Governor Bullock about his plans to reopen the Treasure State. Now, it’s up to individual business owners on what they plan to do. Aaron Parker owns several restaurants in Bozeman, but before he makes a hasty decision to open them back up, he first wants to hear from Read More…
A Bozeman construction company last week received a $569 million addition to an existing contract to build about 17 miles of border wall between the United States and Mexico. The U.S. Department of Defense announced the modification to the contract held by Barnard Construction’s subsidiary BFBC LLC on April 13. It was first reported Read More…
The City Commission on Tuesday OK’d the final details of a $3.2 million bond sale needed to repay a developer for its up front costs for public improvements tied to a big project on the west bank of the Missouri River. D.A. Davidson and Co. will handle the bond sale for the city. A portion Read More…
Ever since the COVID-19 pandemic began closing businesses and lowering interest rates, banks in the Flathead Valley are reporting high numbers of phone calls, loan applications and mortgage refinances. Banks have seen a lot of activity through the Small Business Administration’s $349 billion federal Paycheck Protection Program (PPP), which authorizes forgivable loans to small businesses Read More…
More than 2.9 million homeowners have taken advantage of a program designed to provide relief to holders of government-backed mortgages, part of the coronavirus CARES Act relief package. This represents 5.5% of all active mortgages, according to Black Knight, a mortgage data and analytics company that is now tracking the growing numbers daily. The program Read More…
The coronavirus pandemic has created a desperate clamber for vital medical supplies, like N95 masks, that has led the federal government to award massive contracts to third-party vendors to help fill the gaps. In this chaotic effort to obtain supplies, the Trump administration awarded a $55 million contract to Panthera Worldwide LLC, a company with Read More…
A federal judge in Montana has thrown out a key permit needed for a developer to complete the Keystone XL pipeline. U.S. District Judge Brian Morris of Great Falls ruled Wednesday that the U.S. Army Corps of Engineers improperly granted a permit to developer TC Energy to cross waterways to build the pipeline. The order Read More…
A special committee of WeWork’s board is suing SoftBank after SoftBank withdrew its $3 billion tender offer, the company announced Tuesday. WeWork is claiming that SoftBank breached its obligations under their agreement. SoftBank originally made the tender offer to buy shares of WeWork at an agreed upon price last year as part of a package to bail out Read More…
Bozeman, Montana has a population of 48,532, but just like big cities in New York and California, this small city in the southern part of the state has seen the demand for medical masks skyrocket. Located in Gallatin County, Bozeman is home to more than one third of Montana’s confirmed COVID-19 cases, and is by far the hardest hit county in Read More…
BILLINGS, Mont. — A Canadian company said Monday that it’s started construction on the long-stalled Keystone XL oil sands pipeline across the U.S.-Canada border despite calls from tribal leaders and environmentalists to delay the $8 billion project amid the coronavirus pandemic. A spokesman for TC Energy said work began over the weekend at the border crossing Read More…
Even though local public health measures to curb the coronavirus pandemic are barely weeks old, the Whitefish business community is already losing more than $732,000 in daily revenue, according to a study released Tuesday, offering a snapshot of the downturn that local economies may have to endure for months to come. The Whitefish Convention and Read More…
Unemployment claims have spiked to 6.65 million across the country, the Department of Labor said in a press release on Thursday. Unemployment claims have doubled since last week when the Labor Department reported that about 3 million people were seeking unemployment. That figure was already by far the highest number of unemployment claims the department had ever seen. READ Read More…
Boeing CEO Dave Calhoun told the aerospace company’s employees that it is starting a “voluntary layoff plan” that will allow eligible workers to leave the company with a pay and benefits package. The program is designed to shrink the company’s workforce at a time when air travel is plummeting because of the coronavirus pandemic. In a memo, Read More…
As more people work from home to help mitigate the spread of COVID-19, they’re using their home internet networks for activities usually reserved for the workplace. But your home network may not be equipped to handle all the video conferencing and file-uploading you may be doing at the moment. What can you do if your Read More…
Kampgrounds of America (KOA) finds itself on the front lines dealing with the COVID-19 outbreak. Not only has the coronavirus forced the company’s Billings headquarters into a “work-from-home operation”, but KOA’s network of campgrounds nationwide are front and center as the country fights back against the virus. President and CEO Toby O’Rourke took to the Read More…
BILLINGS — Billings restaurants in the Shiloh Crossing shopping complex are seeing up to a 50 percent loss of sales Saturday following Governor Steve Bullock’s directive to stay at home. “As you can see, around the parking lot, it’s been dead. Our revenue has been cut in half. It’s just been me and my manager doing everything since Read More…
According to the Governor’s Office, unemployment in Montana held steady at 3.5% in February, before COVID-19 reached the Treasure State. Gov. Bullock said in a press release that Montana added 800 jobs over the month and was on par with the U.S. unemployment rate, also 3.5 percent in February. READ FULL STORY
Theranos founder Elizabeth Holmes will head to trial apart from fellow C-suite exec and one-time lover, Ramesh “Sunny” Balwani, according to a report. Holmes, who served as the company’s CEO, will head to trial starting Aug. 4 with a separate jury from Balwani, who will be tried following the conclusion of Holmes’ case, Bloomberg reported. The judge did not provide any Read More…
About 10 years ago, SoftBank released a slideshow presentation on the company’s 300-year plan. “Unknown virus” got one reference, on slide 69 of 133. Perhaps coronavirus will just be a blip in the company’s long-term plan for world domination. Perhaps SoftBank’s vision of investing in artificial intelligence and other dominant technology companies will pay off in the long run, Read More…
BILLINGS — Businesses and nonprofits in all of Montana and Wyoming are eligible for up to $2 million in disaster loans from the U.S. Small Business Administration, according to press releases from U.S. Sens. Jon Tester and Steve Daines of Montana and Wyoming Gov. Mark Gordon. The loans are designed to help businesses stay afloat if Read More…
Industry leaders and educators are hoping to teach the tools of the trades to the next generation of workers. As the Flathead Valley continues to grow, the demand for work in local trade professions like construction has never been higher. But with the aging workforce and fewer new employees entering these fields, local employers have Read More…
MISSOULA, Mont. — On Monday, Missoula City-County Health officials announced an order closing bars and limiting restaurant service starting at 8 a.m. Tuesday through 8 a.m. Tuesday, March 24. The health department is doing this to follow guidelines set out by the Centers for Disease Control. “It’s not just about money, it’s really about the ethics Read More…
Residential electric rates for one of Montana’s largest rural cooperatives compare well to NorthWestern Energy, when measured at the co-op customers’ average usage, says the co-op’s CEO. “We compete very well, actually,” Yellowstone Valley Electric Co-op CEO Brandon Wittman told MTN News. “So, is it fair to compare? It is, at the correct usage.” In Read More…
The Montana Department of Commerce announced that five Montana communities have been accepted to become affiliate members of the Montana Main Street Program. The program helps Montana communities strengthen and preserve historic downtown commercial districts by supporting economic development, urban revitalization and historic preservation through long-range planning, organization, design and promotion. “The Department of Commerce Read More…
Local developer Mick Ruis is planning to build a major mixed-use development in downtown Columbia Falls. Ruis’ plan will go before the Columbia Falls City-County Planning Board on March 10 at 6:30 p.m. and then the Columbia Falls City Council on April 6. If approved, Ruis believes it would be a transformative project for Nucleus Read More…
BUTTE – NorthWestern Energy’s Montana customers are reporting a scam demanding money for a meter change. The criminals leave a phone message saying the customers’ meter will be changed shortly with instructions to call a phone number. When the customer calls the number, they are told there is a fee and service will be disconnected Read More…
Ten entrepreneurs from southeast Wyoming have had their respective lives changed over the past six months. It’s been a hectic, frantic, chaotic and incredible time, one where all 10 men and women, ranging from a college student to a husband-and-wife team, have been working to change the world. Or at least Wyoming to start out. Read More…
WinCo and the owners of the proposed grocery store location paid union members $15,000 to settle a lawsuit against the city of Bozeman, according to court documents. While the lawsuit was between the United Food and Commercial Workers Local 4 and the city of Bozeman, the city did not pay any money in the Read More…
DILLON, MT — How do you show a perspective employer what you can do or show examples of work you’ve done? Those are very difficult if not impossible with a traditional resume. However, work on-going at Montana Western in Dillon is making all of that possible. It’s called micro-credentials and Montana Western recently received a Read More…
GREAT FALLS, Mont. — It’s not what you would expect to find in Montana’s heart land. But for more than 50-years, a Tiki bar in Great Falls has been captivating customers from all over the world. In our Montana Moment, we visit the Sip ‘n Dip at the O’Haire Motor Inn. Here on a Wednesday night, “Piano Pat,” Read More…
As baby boomers transition into retirement and new job markets evolve in a strong economy, Montana is following the nationwide trend of a workforce shortage. With Montana’s jobless rate at 3.4% as of December 2019, just below the national average of 3.5%, employers are struggling to fill job vacancies due to a low unemployment rate, Read More…
This year, WaterStreet Company is celebrating its 20th year of business in the Flathead Valley. The Kalispell technology company has quietly grown to include 80 local employees and software clients across the country. In 2020, they expect to eclipse the 100 employee mark. “We’re hiring like crazy,” said WaterStreet’s Vice President of Marketing Erica Schatte. Read More…
Warren Buffett sold more than $800 million worth of Apple stock last quarter, according to SEC filings published on Friday. That might seem like a massive sale, but it’s closer to a rounding error for the billionaire investor and Berkshire Hathaway CEO. Berkshire is Apple’s biggest shareholder with a 5.4% stake worth $72 billion, according to Bloomberg data. Read More…
HELENA, Mont. – Nine Montana communities will share $118,000 through the Montana Main Street Program to support historic preservation, wayfinding, and revitalization plans for their downtowns. “Montana’s vibrant and charming towns are what attracts visitors, keeps residents and encourages downtown business growth,” Montana Department of Commerce Director Tara Rice said. “These Montana Main Street Program grant dollars Read More…