Daniel Loeb’s hedge fund Third Point has walked away from its activist campaign against CoStar Group, selling its entire position in the real estate data company after concluding that its original investment thesis no longer held, according to a letter to investors. Third Point had signaled in January that it would pursue a board challenge Read More…
A federal judge on Friday extended an emergency order keeping Nexstar Media Group and Tegna operating as separate companies for another week, as he weighs whether to issue a longer preliminary injunction that could halt the $6.2 billion merger while an antitrust lawsuit works its way through the courts. U.S. District Judge Troy Nunley of Read More…
Hi-Country Snack Foods, a nearly 50-year-old Montana jerky maker and one of the largest employers in the small mountain community of Lincoln, has paused production — a development that raises new concerns about the company’s future and the economic health of the town it has long anchored. The production halt comes less than a year Read More…
Shareholders of both NorthWestern Energy and Black Hills Corp. have voted to approve a proposed all-stock merger that would combine the two regional utilities into a new company called Bright Horizon Energy Corporation, the companies announced Thursday. The votes were cast at special shareholder meetings held earlier in the day and mark a major step Read More…
Presented by the American Gas Association With help from Matt Daily, Zack Colman, Gavin Bade, Annie Snider and Anthony Adragna Editor’s Note: This edition of Morning Energy is published weekdays at 10 a.m. POLITICO Pro Energy subscribers hold exclusive early access to the newsletter each morning at 6 a.m. Learn more about POLITICO Pro’s comprehensive Read More…
It may seem that no matter where you go in the U.S. you see chain stores — those ubiquitous big box stores with Starbucks (SBUX) – Get Report inside of them. But fear not: Small business in America is not dead. In fact, it’s the majority of the country’s business, according to the Small Business and Entrepreneurship Council. Read More…
Presented by the American Gas Association With help from Anthony Adragna and Annie Snider Editor’s Note: This edition of Morning Energy is published weekdays at 10 a.m. POLITICO Pro Energy subscribers hold exclusive early access to the newsletter each morning at 6 a.m. Learn more about POLITICO Pro’s comprehensive policy intelligence coverage, policy tools and Read More…
By KELSEY TAMBORRINO 12/11/2019 10:00 AM EST Updated 12/11/2019 10:44 AM EST 2019-12-11T10:44-0500 Presented by the American Gas Association With help from Annie Snider, Alex Guillén and Anthony Adragna Editor’s Note: This edition of Morning Energy is published weekdays at 10 a.m. POLITICO Pro Energy subscribers hold exclusive early access to the newsletter each morning Read More…
Presented by the American Gas Association With help from Annie Snider, Anthony Adragna and Gavin Bade Editor’s Note: This edition of Morning Energy is published weekdays at 10 a.m. POLITICO Pro Energy subscribers hold exclusive early access to the newsletter each morning at 6 a.m. Learn more about POLITICO Pro’s comprehensive policy intelligence coverage, policy Read More…
Presented by the American Gas Association With help from Annie Snider and Ben Lefebvre Editor’s Note: This edition of Morning Energy is published weekdays at 10 a.m. POLITICO Pro Energy subscribers hold exclusive early access to the newsletter each morning at 6 a.m. Learn more about POLITICO Pro’s comprehensive policy intelligence coverage, policy tools and Read More…
Presented by Chevron With help from Annie Snider and Gavin Bade Editor’s Note: This edition of Morning Energy is published weekdays at 10 a.m. POLITICO Pro Energy subscribers hold exclusive early access to the newsletter each morning at 6 a.m. Learn more about POLITICO Pro’s comprehensive policy intelligence coverage, policy tools and services at politicopro.com. Read More…
Presented by Chevron With help from Anthony Adragna, Alex Guillén and Annie Snider Editor’s Note: This edition of Morning Energy is published weekdays at 10 a.m. POLITICO Pro Energy subscribers hold exclusive early access to the newsletter each morning at 6 a.m. Learn more about POLITICO Pro’s comprehensive policy intelligence coverage, policy tools and services Read More…
Presented by Chevron With help from Eric Wolff, Anthony Adragna, Alex Guillén, Annie Snider and Daniel Lippman Editor’s Note: This edition of Morning Energy is published weekdays at 10 a.m. POLITICO Pro Energy subscribers hold exclusive early access to the newsletter each morning at 6 a.m. Learn more about POLITICO Pro’s comprehensive policy intelligence coverage, Read More…
BILLINGS — Montana clothing company All Season All Terrain (ASAT) Outdoors is suing New York-based fashion company Supreme for copyright infringement after Supreme sold clothing printed with a copyrighted camouflage design, according to court documents. Stevensville based ASAT Outdoors filed the suit on Nov. 11 in New York District Court. The Montana company claims to Read More…
Presented by Chevron With help from Alex Guillén Editor’s Note: This edition of Morning Energy is published weekdays at 10 a.m. POLITICO Pro Energy subscribers hold exclusive early access to the newsletter each morning at 6 a.m. Learn more about POLITICO Pro’s comprehensive policy intelligence coverage, policy tools and services at politicopro.com. Quick Fix — Read More…
Presented by Chevron With help from Ben Lefebvre, Zack Colman, Annie Snider and Eric Wolff Editor’s Note: This edition of Morning Energy is published weekdays at 10 a.m. POLITICO Pro Energy subscribers hold exclusive early access to the newsletter each morning at 6 a.m. Learn more about POLITICO Pro’s comprehensive policy intelligence coverage, policy tools Read More…
PROGRAMMING NOTE: POLITICOs Morning Energy will not publish on Thursday, Nov. 28, and Friday, Nov. 29. We’ll be back on our normal schedule on Monday, Dec. 2. Editor’s Note: This edition of Morning Energy is published weekdays at 10 a.m. POLITICO Pro Energy subscribers hold exclusive early access to the newsletter each morning at 6 Read More…
Markey unveils global climate bill — Plan to limit coverage of grid operator abandoned
Texas Democrat calls for Perry oversight — Bloomberg announces 2020 bid
Democrats unveil net-zero by 2050 bill — Interior plan could expand drilling in Alaska
PROGRAMMING NOTE: POLITICO Pro’s Morning Energy will not publish on Thursday, Nov. 28, and Friday, Nov. 29. We’ll be back on our normal schedule on Monday, Dec. 2. Editor’s Note: This edition of Morning Energy is published weekdays at 10 a.m. POLITICO Pro Energy subscribers hold exclusive early access to the newsletter each morning at Read More…
T-Mobile CEO John Legere is stepping down in May 2020, the company announced on Monday morning. His replacement is coming from within T-Mobile: Current COO and president Mike Sievert is taking the reins from Legere next May. It’s not clear just yet where Legere is going, but as of November 11 he was reported to be Read More…
HALL, Mont. — About 20-years-ago a rancher near Hall decided to semi-retire. But Ed James got bored. So he and his wife Sue, decided to start a new business. Now, the couple’s value added, family-owned company has clients all over the country. For our Montana Moment, we visited Sugar Loaf Wool Carding Mill. The mill stands in Read More…
BOZEMAN, Mont. — The first caregiver organization signed up for the Montana Apprenticeship Program Thursday. The program will provide 14 caregivers with dementia training at First Choice Home Health in Bozeman, where they say most of their patients are suffering from some form of dementia. In 2017, there were 287 deaths caused by dementia and Alzheimer’s Read More…
HELENA, Mont. – Three Small Business Development Centers are expanding access to services and outreach to rural areas by hiring additional staff to better serve small business owners and entrepreneurs across Montana. The Great Falls SBDC, based at the Great Falls Development Authority (GFDA), has hired a rural business adviser – a new position created to make business Read More…
It’s a fascinating time for fintech. What was once a disruptive force in the financial world has become standard practice for many industry leaders. Fintech industry funding has already reached new highs globally in 2018, with overall funding hitting $32.6 billion at the end of Q3. Some new regions, including South America and Africa, are Read More…
Wall Street’s final act of 2019 will hinge on whether investors should believe the messages being sent by corporate credit, crowd consensus and the calendar characteristics. The broad market has been a sloppy stalemate between supportive and antagonistic forces for many months: The S&P 500 is hovering around the 3000 level it first reached in Read More…
PG&E Corp. PCG +2.84% ’s chief executive said Friday that it could take as long as 10 years for the company to improve its electric system enough to significantly diminish the need to pull the plug on customers to reduce the risk of sparking fires. Bill Johnson, who joined the company in May, made the disclosure at a California Read More…
Soon residents in the Mining City will have the opportunity to rub shoulders with representatives from companies like Slack and WeWork as around 200 entrepreneurs and other professionals descend upon Butte next week for the annual Innovate Montana Symposium. The event runs Oct. 14-16 and marks the fourth run of the symposium, which is Read More…
HELENA — Bidding is open for seven alcohol licenses in Montana, including Bozeman and Belgrade. According to a press release from the Montana Department of Revenue, on-premises beer licenses are available in Helena, Bozeman, Hamilton, Belgrade, and Polson. All-beverage floater licenses are available in Bozeman and Missoula. A “floater” license allows the applicant to purchase, Read More…
BUTTE, Mont. — A Montana mine company has laid off dozens of workers, but could hire again as it aims to prevent acid rock drainage. The Montana Standard reported that Golden Sunlight laid off 28 out of its 49 remaining workers Monday following a 2015 layoff after stopping open pit mining. Company officials say Toronto, Canada-based Read More…
Hawaii, Montana and Maine are the three states whose economies depend most on outdoor recreational activities such as hiking, water sports, hunting and skiing. The outdoor recreational industry accounted for 5.4% of Hawaii’s gross domestic product in 2017, the largest share of all U.S. states. The Aloha State was followed by Montana and Maine, where Read More…
Apparently, over the last ten years, telemarketer jobs in Montana have declined by 94%. So why am I still getting so many annoying phone calls? Probably thanks to robocalls, or just less people doing more work. A new study from Commercial Cafe discovered the most quickly declining jobs in every state in the US. For Montana, that Read More…
U.S. District Judge Brian Morris scheduled a hearing for Oct. 9 from environmental organizations suing to stop construction of the $7 billion Keystone XL Pipeline authorized under a new permit from the Trump administration. “Specifically, this permit reinforces, as should have been clear all along, that the Presidential permit is indeed an exercise of Presidential Read More…
Longtime county employee Tim Harmon recently joined the staff of the Majestic Valley Arena as the general manager and facility director. He will start work Oct. 1. For the past 17 years, Harmon served as the maintenance supervisor for the Flathead County Fairgrounds. The addition of Harmon to the staff will allow arena owners, Bob Read More…
BILLINGS — Outdoor retailer REI is building a new store at the corner of Shiloh Road and King Avenue West Billings West End, city building officials said Tuesday. The company plans to build a 23,457 square-foot retail building on the northwest corner of the intersection, according to a permit filed with the city. Kent, Wash-based Read More…
Banks are getting back into the business of building mortgage bonds, laying the groundwork for a market that stands to grow as the Trump administration tries to reduce the government’s role in housing finance. Citigroup Inc., Goldman Sachs Group Inc., Wells Fargo & Co., and JPMorgan Chase & Co. over the past year have restarted Read More…
Ari Emanuel’s company Endeavor detailed its plans Monday to go public, listing 19.4 million Class A shares, according to a filing with the Securities and Exchange Commission. The global entertainment, sports and content company expects to price its initial public offering at $30 to $32 a share, hoping to raise more than $600 million. Endeavor is planning Read More…
Montage International, the hotel and resort management company behind the brand, Montage Hotels & Resorts, will open a resort with a hotel and residences in Big Sky, Montana. Currently under construction, Montage Big Sky will be the first ultra-luxury five-star resort in the entire state. Located at Spanish Peaks Mountain Club, a private ski and golf course community set on more Read More…
BUTTE – Montana often ranks high for workplace injuries. “Montana for years has been an inherently unsafe place to work. We injure more employees in Montana than almost any other state year after year after year,” said Mark Rosenleaf with Montana State Fund. For the past three years Montana State Fund has been giving away Read More…
The edge of downtown Bozeman will get another new hotel. The Bozeman City Commission unanimously approved plans Monday for Bozeman Residence Inn, a four-story, 104-room hotel just off East Main Street. The building will go on roughly 1.74 acres at 815 E. Main St., just behind Jackpot Casino and with Town Pump to the west. Read More…
Facebook is considering a test to hide likes on News Feed posts. The company already tested a similar move on Instagram in August as a way to help break users’ fixation with getting likes on their pictures. Data miner Jane Manchun Wong discovered that Facebook is experimenting with the change in its Android app Monday. The company said Monday Read More…
In the days before Uber, Travis Kalanick wasn’t much different than other San Francisco Bay Area entrepreneurs, except that he was fresh off a $20 million exit and had a penchant for Pulp Fiction. In a sparsely furnished apartment in the city’s Castro district, Kalanick sought to become a “fixer,” reports Mike Isaac in “Super Pumped: Read More…
Target CEO Brian Cornell still thinks the U.S. consumer is strong and spending, despite fears that some shoppers may be pulling back with the threat of another economic recession looming. He told members of the media Wednesday morning after reporting quarterly earnings that blew past estimates: Target CFO “Cathy [Smith] and I —we meet with our banking partners, Read More…