Featured Articles in Business

Class Action Lawsuit Filed Against Blue Cross Blue Shield of Montana Over Data Breach

A class action lawsuit has been filed against Blue Cross Blue Shield of Montana (BCBSMT) over a data breach that allegedly exposed the sensitive personal and medical information of hundreds of thousands of members. The filing comes as Montana State Auditor and Commissioner of Securities and Insurance James Brown launched a separate investigation into the Read More…

Retailers Scramble as U.S. Penny Phase-Out Forces Price Rounding

Now that the United States has officially stopped making pennies, a nationwide scramble is underway among gas stations, fast-food chains, and major retailers to adjust prices and handle cash transactions — a shift that could quietly erode profits for many high-volume businesses. The transition follows President Donald Trump’s decision earlier this year to halt production Read More…

Bitcoin Heads for First October Loss Since 2018, Snapping Seven-Year Winning Streak

Bitcoin was on track Friday to post its first October loss in seven years, breaking a streak that had given the month a “lucky” reputation among cryptocurrency traders. The world’s largest digital currency is set to fall nearly 5% for the month, trading around $66,800 Friday afternoon, as investors pulled back from risk assets amid Read More…

Montana manufacturing outpaces most other sectors, generating $2 billion in wages

Montana’s manufacturing sector remains a cornerstone of the state’s economy, according to three reports on the state of manufacturing recently released by the Montana Manufacturing Extension Center at Montana State University and authored by the Bureau of Business and Economic Research at the University of Montana. The manufacturing sector generated more than $2 billion in Read More…

All in: Business

Saas Management startup Intello scores $2.5 million extended seed – TechCrunch

Intello, the New York City-based Saas management platform, announced a $2.5 million extended seed round today, along with some product enhancements. The round was led by Resolute Ventures . Harrison Metal and Magnetico Ventures also participated along with various individual angel investors including Zane Lackey from Signal Sciences, Chris Smoak from Atrium and Zach Sherman Read More…

U.S. Department of Labor cites Montana highway contractor after hot asphalt burns three workers in Laurel

BILLINGS, MT – The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has cited Nelcon Inc. – a highway contractor based in Kalispell, Montana – for exposing workers to burns and falls at a mobile asphalt-mixing plant in Laurel, Montana. The company faces $261,418 in penalties for 23 serious violations. Three workers suffered burns Read More…

Montana unemployment rate dips to 3.7%

MISSOULA – Montana’s unemployment rate decreased by 0.1 percentage points to 3.7% for the month of March. Total employment estimates indicate a gain of 326 jobs, while payroll employment posted no change over the month, suggesting that tight labor markets are constraining job growth, according to figures from the Department of Labor & Industry. Montana’s labor force Read More…

Montana judge rules PSC intentionally set PURPA rates to kill solar projects

Dive Brief: A Montana district court judge last week issued an order in favor of solar developers, ruling that the state’s Public Service Commission intentionally disadvantaged small solar projects in violation of the Public Utility Regulatory Policies Act (PURPA). The ruling comes after a June 2017 audio recording captured Commissioner Bob Lake acknowledging that cuts Read More…

Early Stage Montana seeks tech startups to apply for mentorship, grant program

A Montana-based organization is helping jump start high-tech startups through a business pitch competition held in Missoula, Billings and Bozeman to encourage tech industry development and job opportunities. Early Stage Montana, a nonprofit coalition, is looking for entrepreneurs who need help planning and growing their businesses. Participants will pitch their business plans and products to Read More…

KOA’s new Montana-based CEO ready to blaze new trails

BILLINGS –  Pitching a tent, enjoying the great outdoors, and gathering around a campfire: all things many people associate with Kampgrounds of America (KOA). Now, customers can also associate Toby O’Rourke as chief executive officer of the Billings-based company. Based in Billings, KOA just named Toby O’Rourke as the new CEO. O’Rourke has been the KOA president since March 2018 and Read More…

Big Reasons to Invest in Kalispell

Development in Kalispell has gathered momentum in recent years, as many businesses and organizations anticipate the arrival of a new walking path cutting through downtown, replacing the existing train tracks. Since that ball got rolling, officials said, it has only picked up speed. Earlier this month, at the Kalispell Chamber of Commerce’s luncheon, it became Read More…

A 10-year-old boy asked Qantas for advice on how to set up an airline — its CEO responded with a follow-up meeting

It’s not unusual for companies to be inundated with messages from people looking for answers — what is rare, however, is for a CEO to personally respond to one. Yet one 10-year-old schoolboy appears to have succeeded, grabbing the attention of the boss behind one of Australia’s largest airlines. Alex Jacquot recently penned a letter Read More…

Report shows nearly all Montana businesses considered “small”

MISSOULA, Mont. — According to the U.S. Small Business Administration ninety-nine percent of businesses in Montana were considered small businesses in 2018. The Small Business Development Center (SBDC) helped open fifty-eight businesses across the country last year. Montana ranked number one in the country for the number of workers employed by small businesses in 2018 Read More…

NFIB Joins Suit on Climate Change

NFIB (National Federation of Independent Business) has filed a friend-of-the-court brief in Juliana v. United States—urging dismissal of a controversial lawsuit, which seeks to compel the federal government to more aggressively address climate change. The brief was filed in conjunction with the Texas Public Policy Foundation and other concerned businesses and business groups. The case Read More…

Esquire: Glacier Distilling Co. makes the best whiskey in Montana

CORAM – A small-town distillery in Montana is being nationally recognized for their whiskey. A February article in Esquire magazine dubbed Wheatfish, a whiskey distilled by Glacier Distilling Company, the best in the state. The article, written by Aaron Goldfarb, recounts different distilleries across the country and features one whiskey in every state. Nicholas Lee has Read More…

Entrepreneur and inventor searches for breakthrough

One product would arm a school principal with a weapon that would provide less-than-lethal or lethal options when confronting a school shooter. One barrel of the “Protector’s Choice” would fire bean-bag rounds. One would fire live ammunition. A separate product would recycle Styrofoam to manufacture 4-foot-long Lego-style construction blocks that could enhance efforts far and Read More…

Montana State Fund Partners with Rising Medical Solutions for Medical Bill Review Services

Helena, MT and Chicago, IL (WorkersCompensation.com) – Montana’s largest provider of workers’ compensation insurance, Montana State Fund (MSF), is partnering with Rising Medical Solutions (Rising), a national managed care company, to administer its medical bill repricing and provider payment program. After awarding its program to Rising, the partnership became operational in January of 2019. “Our Read More…

Real Estate Market Trends

Which home styles are sold in greatest (and least) quantities, across the Flathead? Does it vary by city? How many acres (or fractions thereof) come with which home styles, and does that vary by city? I was recently asked about the acreage which comes with home sales. This week, I’ve analyzed the 2018 single-family home Read More…

Helena Democrat proposes $210 Million carbon tax

Montana lawmakers are considering two bills to tax carbon pollution, and not surprisingly owners of Colstrip Power Plant say the measures would kill the facility.   Democratic legislators are floating two bills creating a $10-per-ton tax on carbon dioxide from various sources, including coal-fired power plants. Theirs aren’t the first attempts targeting Colstrip. Washington State, Read More…

Montana airports see flight increases

Over the last decade, some of Montana’s larger airports have added new flights or extended certain flight services. The increased traffic is even causing some airports to expand. Since Glacier Park International Airport director Rob Ratkowski started in 2004, the number of direct flights has gone from just four to 11. He thinks the area Read More…

No, Podcasting Is Not a Small Business

Believe it or not, there’s money in podcasts. Spotify is in advanced talks to acquire Gimlet Media, the Brooklyn-based narrative podcast company, for more than $200 million in cash, according to Recode. Gimlet has raised approximately $28.5 million in venture funding from investors including WPP, Stripes Group, LioneTree Partners, Graham Holdings, Betawarks, Cross Culture Ventures, Read More…

General Electric is making an accounting change that’ll make one of its biggest problems look less severe (GE)

General Electric‘s cash problem will look better in 2019 after an accounting change takes effect, an accounting professor says. For reporting periods beginning after December 15, 2018, all public US companies should apply a new accounting standard that requires them to recognize financing-lease assets and operating-lease assets on their balance sheets. The previous accounting term Read More…

‘Business Still Strong, But…’: Here’s what Wall Street is saying about Alphabet’s earnings

Alphabet shares traded slightly lower Tuesday morning as Wall Street delivered a classic reaction to its earnings which were released the prior evening: the results were good, but not good enough. While Alphabet reported revenue and profits for the fourth-quarter that topped Wall Street’s expectations, analysts said the internet giant’s margins were disappointing. That revelation Read More…

Yellowstone Area Chamber Releases Business Growth and Economic Prosperity Guide

Billings, MONT-The Yellowstone Area Chamber of Commerce released their comprehensive Public Policy Guide that will direct lobbying efforts at the Legislature. The group recently hired a lobbyist, EJ Redding, to advocate on behalf of area business in Helena. According to Redding, “I believe in the Chambers mission and look forward to fighting alongside businesses for Read More…