What would the economy of the state of Montana look like if the eight largest hard rock mines – producing copper, palladium, gold, talc, cement and other products and materials – did not exist? That was a question posed in a recent study produced by the Bureau of Business and Economic Research. It addressed – Read More…
In a recent study conducted in Gardiner, Montana, by the Institute for Tourism and Recreation Research at the University of Montana, unsolicited comments from nearly 50 percent of residents exemplified issues in Montana’s affordable housing crisis. Those comments ranged from complaints about high rent to unreasonable housing prices. And while the state battles an affordable Read More…
Billings, MONT.-Today, local business owners announced the formation of the Yellowstone Area Chamber of Commerce. The group was formed in response to a growing belief among business owners that common-sense, pro-business solutions have become secondary policy goals. The group will educate and advocate for proven and business-centric policy prescriptions that create a positive environment for Read More…
HELENA, Mont., Jan. 02, 2019 (GLOBE NEWSWIRE) — Eagle Bancorp Montana, Inc. (NASDAQ: EBMT), (the “Company,” “Eagle”), the holding company of Opportunity Bank of Montana, today announced that it completed, effective January 1, 2019, its previously announced acquisition of Big Muddy Bancorp, Inc. and its wholly owned subsidiary, The State Bank of Townsend, Townsend, Montana Read More…
Tesla Inc. said Friday it would cut 7 percent of its workforce — or some 3,400 jobs — to rein in costs as it plans to increase production of lower-priced versions of its crucial Model 3 sedan, sending its shares down 7 percent in premarket trading. The company, which has struggled to achieve long-term profitability Read More…
WASHINGTON, (Reuters) – U.S. manufacturing output increased by the most in 10 months in December, boosted by a surge in the production of motor vehicles and a range of other goods, which could allay fears of a sharp slowdown in factory activity. FILE PHOTO: An Airbus A321 is being assembled in the final assembly line Read More…
(Reuters) – Wall Street’s main indexes were set to open higher on Friday, eyeing their fourth week of gains, on hopes that a bitter trade war between the United States and China would be resolved. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 10, Read More…
(Reuters) – Schlumberger NV (SLB.N) on Friday reported quarterly revenue that topped estimates and forecast single-digit growth in international markets this year even as crude prices have tumbled roughly 30 percent since October. FILE PHOTO: The exterior of a Schlumberger Corp building is pictured in West Houston Jan. 16, 2015. Schlumberger, is the world’s No.1 Read More…
(Reuters) – Tesla Inc (TSLA.O) said on Friday it would cut thousands of jobs to rein in costs as it plans to increase production of lower priced versions of its crucial Model 3 sedan, sending its shares down 7 percent. A row of new Tesla Model 3 electric vehicles is seen at a parking lot Read More…
(Reuters) – Tiffany & Co (TIF.N) tempered its yearly profit forecast on Friday after its holiday sales fell unexpectedly as Chinese tourists spent less globally and the U.S. luxury jeweler faced softer demand in Europe and at home. FILE PHOTO: The sign of a Tiffany & Co. store is pictured in Pasadena, California, U.S., November Read More…
FILE PHOTO: A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard Carson/File Photo LONDON (Reuters) – U.S. oil production growth combined with a slowing global economy will put oil prices under downward pressure Read More…
(Reuters) – Walmart Inc (WMT.N), the world’s largest retailer, will remain part of CVS Health Corp’s (CVS.N) network for commercial and Medicaid pharmacy customers, the companies said on Friday, breaking a contract impasse disclosed earlier this week. FILE PHOTO: An employee pushes shopping carts outside a Walmart store in Chicago, Illinois, U.S., November 20, 2018. Read More…
KUALA LUMPUR (Reuters) – Malaysia’s finance minister said on Friday the government would be ready to discuss dropping criminal charges against Goldman Sachs (GS.N) linked to the 1MDB scandal if the bank pays $7.5 billion in reparations. FILE PHOTO: The Goldman Sachs Headquarters building is pictured in the Manhattan borough of New York City, New Read More…
FILE PHOTO: Media mogul Rupert Murdoch leaves his home in London, Britain March 4, 2016. REUTERS/Stefan Wermuth LONDON (Reuters) – Rupert Murdoch’s London-based The Times and Sunday Times have asked the British government for permission to share resources across both titles, a move that is barred under rules imposed when the media mogul bought both Read More…
(Reuters) – Netflix Inc (NFLX.O) forecast first-quarter revenue slightly below Wall Street estimates on Thursday, even after a record quarter for new customers, sending shares of the world’s largest streaming service down 4 percent in after-hours trading. Investors may have been hoping for more after Netflix announced a price hike for U.S. subscribers earlier this Read More…
PARIS (Reuters) – Renault (RENA.PA) expects to deliver sales growth in 2019, despite the imminent ouster of Chairman and Chief Executive Carlos Ghosn and tension with alliance partner Nissan (7201.T). A Renault Megane car is pictured at Brussels Motor Show, Belgium, January 18, 2019. REUTERS/Francois Lenoir “Volumes progressed across almost all our regions (in 2018), Read More…
The Aptiv Las Vegas Technical Center. Photo: John F. Martin/Aptiv 129 Comments By Tim Higgins Tim Higgins The Wall Street Journal Biography @timkhiggins tim.higgins@wsj.com Jan. 17, 2019 10:00 a.m. ET LAS VEGAS—At a command center near the airport here, executives from automotive supplier Aptiv APTV 1.12% PLC showed why deploying robot cars will be far Read More…
Netflix is increasingly developing TV shows and films, such as the Spanish-language movie “Roma,” meant to appeal to audiences outside of the U.S. Photo: Gabby Jones/Bloomberg News 6 Comments By Joe Flint and Joe Flint The Wall Street Journal Biography @JBFlint Joe.Flint@WSJ.com Micah Maidenberg Micah Maidenberg The Wall Street Journal Biography @MicahMaidenberg micah.maidenberg@wsj.com Updated Jan. Read More…
Apollo Global Management is nearing a deal to buy aluminum giant Arconic in a deal valued at roughly $22 a share, or $10.6 billion, The Post has learned. The board of New York-based Arconic hasn’t yet approved the buyout, but has told Apollo — headed by billionaire Leon Black — and leading Arconic shareholder Elliott Read More…
The real Larry Fink just stood up — and he’s worried about retirement. Just one day after pranksters issued a fake letter from the BlackRock boss that falsely claimed his mammoth fund planned to sell stocks that weren’t compliant with the Paris Agreement, the real Fink called on his fellow CEOs to do more to Read More…
A General Motors facility in Ohio failed to properly respond to several nooses that appeared in the workplace, as well as other complaints of racial bullying, a lawsuit claims. Marcus Boyd, a former supervisor at the Toledo Powertrain, says his colleagues called him the N-word, told him the bathrooms were for “whites only,” and wore Read More…
Sears Holdings chairman Eddie Lampert won a bankruptcy auction to buy the iconic retailer after presenting an improved offer of $5.2 billion, Sears confirmed Thursday, allowing it to keep its more than 400 stores running. As The Post previously reported, Sears picked Lampert’s hedge fund ESL Investments as the winner at a bankruptcy court-supervised auction Read More…
Leslie Moonves, who resigned under pressure as CEO of CBS Corp, is challenging the company’s decision to deprive him of $120 million in severance pay, according to a regulatory filing on Thursday. Moonves resigned amid a wave of allegations of sexual assault and harassment last September. In December, CBS denied Moonves a $120 million severance Read More…
Children’s clothing retailer Gymboree Group filed for Chapter 11 bankruptcy protection, the second time in almost two years, and said on Wednesday it will close more than 800 Gymboree and Crazy 8 stores. The San Francisco-based company said it will also sell its high-end line, Janie and Jack, as well as its intellectual property and Read More…
Tesla customer referral incentive plan will end on Feb. 1, the electric carmaker’s Chief Executive Officer Elon Musk tweeted on Thursday, citing costs. Musk tweeted that the referral program is ending because “it’s adding too much cost to the cars, especially Model 3.” The billionaire in the past few months has been pushing for cost-cutting Read More…
With help from Eric Wolff, Alex Guillén, 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. To learn more about POLITICO Pro’s comprehensive policy intelligence coverage, policy tools and services, Read More…
Who’s bragging now? Morgan Stanley’s profits unexpectedly declined during the fourth quarter in 2018, the bank reported Thursday, largely due to a drop-off in bond trading — just months after the bank’s CEO complained that the company’s stock price wasn’t high enough. Wall Street’s smallest major bank saw a 10 percent decline in profits during Read More…
I’ve changed my mind about building a wall along the Mexican border. Build it! The US government is shut down and the economic ramifications will be great. Not only are the families of people who’ve been put out of work being hurt but the entire economy is going to be affected. Challenger Gray & Christmas, Read More…
Bribery scandal? What bribery scandal? Goldman Sachs shares surged 9.5 percent on Wednesday — their biggest single-day gain since 2009 — as the Wall Street behemoth reported blowout earnings and eased fears about possible penalties it could face for its role in a widening Malaysian corruption case. Goldman reported a surprisingly strong quarterly profit of Read More…
This’ll take a few bucks out of your pocket. Thanks to a court ruling, stores in New York state will be allowed to charge you more if you use a credit card than if you use cash. You already are used to this when buying gas, but now you could get hit with a credit Read More…
The wheels of justice have nearly ground to a halt — when it comes to Goldman Sachs, that is. The Justice Department won’t likely wrap up its probe into Goldman Sachs’ role in a widening Malaysian corruption scandal before April — even as the bank told investors on Wednesday it’s expecting $2 billion in penalties Read More…
Wall Street can relax — Larry Fink hasn’t gone radical on climate change, after all. Pranksters on Wednesday blasted out a fake letter claiming Fink’s $6 trillion investing behemoth BlackRock was selling stocks in companies that weren’t compliant with the Paris Agreement — the global climate pact that President Trump exited last year. The bogus Read More…
Goldman Sachs is sticking to its “rogue banker” defense as it grapples with accusations over its role in a widening Malaysian corruption scandal. Chief Executive David Solomon on Wednesday doubled down on his claims that Goldman’s upper management got duped by one of its own employees into arranging a dirty deal that helped fugitive financier Read More…
In an update to its policies about posting prank videos, YouTube is banning users from uploading footage that tricks people into thinking they are in danger — such as fake home invasions or drive-by shootings. “We’ve made it clear that our policies prohibiting harmful and dangerous content also extend to pranks with a perceived danger Read More…
Verizon Communications said on Tuesday it will include free Apple Music subscriptions in some of its top-tier data plans, deepening its ties with the iPhone maker. Apple is increasingly turning for growth to its services segment, which includes businesses such as iCloud storage, Apple Music and the App Store, and has been partnering with rivals Read More…
With help from 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. To learn more about POLITICO Pro’s comprehensive policy intelligence coverage, policy tools and services, click here. QUICK FIX Story Continued Below Read More…
BlackRock, the world’s largest asset manager, reported lower-than-expected quarterly profits on Wednesday, as price cuts and market turmoil overshadowed strong sales of relatively low-cost funds. Sinking markets in late 2018 led investors to pull cash from the company’s typically higher-fee actively managed funds even as they delivered record cash to the company’s relatively low-cost exchange Read More…
With help from Anthony Adragna, Alex Guillén 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. To learn more about POLITICO Pro’s comprehensive policy intelligence coverage, policy tools and services, click here. Read More…
With help from Alex Guillén 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. To learn more about POLITICO Pro’s comprehensive policy intelligence coverage, policy tools and services, click here. QUICK FIX Read More…
Ersun Ozer opened The Mediterranean Grill in 2004 after extensive remodeling transformed his space at 42 S. Park Ave. in Helena into a comfortable and warm atmosphere complete with an outdoor patio. Now, 15 years later, the grill is still serving up fresh meals highlighting countries surrounding the Mediterranean Sea, along with an enviable wine Read More…
With help from 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. To learn more about POLITICO Pro’s comprehensive policy intelligence coverage, policy tools and services, click here. QUICK FIX Story Continued Below Read More…
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. To learn more about POLITICO Pro’s comprehensive policy intelligence coverage, policy tools and services, click here. QUICK FIX Story Continued Below Read More…
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. To learn more about POLITICO Pro’s comprehensive policy intelligence coverage, policy tools and services, click here. QUICK FIX Read More…
With help from Zack Colman 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. To learn more about POLITICO Pro’s comprehensive policy intelligence coverage, policy tools and services, click here. QUICK FIX Read More…