Featured Articles in Business

New concourse and flight destinations give hope for Bozeman International Airport

BOZEMAN, Mont. – Despite the increase in air travel over the holidays the Bozeman Yellowstone International Airport (BZN) still reported a 43.5% decline in passenger numbers in 2020 compared to the record 2019 year. On a national basis, the Transportation Security Administration reported a 60.7% decline in passenger throughput across 440 U.S. airports. Bozeman Yellowstone Read More…

Facebook warns staff to avoid wearing company-branded clothing, for safety reasons

MENLO PARK, Calif. – Facebook has reportedly sent out an internal memo about employee safety, warning staff to avoid wearing or carrying company branded items in public. According to Business Insider, the Menlo Parked-based social media company sent out the memo on Monday, stating, “In light of recent events, and to err on the side of caution, global Read More…

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Kathryn Farmer becomes the first woman CEO of an American railroad

New York (CNN)One of Berkshire Hathaway’s largest units, BNSF Railway, just named Kathryn Farmer as its first female CEO.   This appointment makes Farmer the first woman in America to lead a major railroad operator, the company announced Monday. Farmer is taking the place of Carl Ice, who has worked at Berkshire Hathaway (BRKA) for 42 years. Farmer has been Read More…

Small businesses expect longer, milder impact from pandemic

The Census Bureau released new phase two data from its Small Business Pulse survey last week, showing some of the sectors most impacted by the coronavirus pandemic. What they found: Hiring and rehiring have slowed and businesses now broadly say they expect recovery from the pandemic to take much longer than previously thought. 44% of respondents expect recovery will take Read More…

Elon Musk gains $8 billion, becomes the 4th-richest person in the world as Tesla stock soars

Elon Musk’s personal wealth is soaring along with Tesla’s stock. The CEO’s net worth increased by nearly $8 billion on Monday as Tesla’s stock price jumped 11% and closed at an all-time high. Musk’s net worth is now $84.8 billion, making him the world’s fourth-richest person, according to the Bloomberg Billionaires Index. Musk overtook Bernard Arnault, the French billionaire and Read More…

Kimpton Armory Hotel In Montana To Debut August 18

Kimpton Hotels and Resorts newest hotel, the Kimpton Armory Hotel in Bozeman, Montana, will debut August 18, becoming the brand’s first property in Montana. Located in a landmark National Guard Armory building joined by a new tower in Bozeman’s downtown, the hotel blend “Montana’s rugged beauty and the storied history of the building” with modern amenities. This Read More…

Tesla reports fourth straight quarter of profits

Tesla just reported its second-quarter results. Shares rose more than 4% after hours as the company beat expectations and reported its fourth straight quarter of profits. Here’s how Elon Musk’s electric car and renewable energy business did versus analysts’ expectations, according to estimates compiled by Refinitiv. Earnings: $2.18 (ex-items) vs. 3 cents per share, expected. Revenue: $6.04 billion vs. Read More…

FedEx Express, Ground operations in Montana city to run in same building

FedEx Express and FedEx Ground employees in a Montana city will soon be working in the same building, and, for some shipments, together. FedEx Express employees in Kalispell, Montana, will conduct operations at FedEx Ground’s facility there once a building lease begins August 31. The two companies’ work in that building “will remain independent of Read More…

Warren Buffett’s Berkshire buys Dominion Energy natural gas assets in $10 billion deal

Warren Buffett’s Berkshire Hathaway is finally pulling the trigger. The conglomerate is spending $4 billion to buy the natural gas transmission and storage assets of Dominion Energy. Including the assumption of debt, the deal totals almost $10 billion. It’s Berkshire’s first major purchase since the coronavirus pandemic and subsequent market collapse in March. At his annual Read More…

Biotech Company Announces $22 Million Investment Led by Mike Goguen’s Firm

Inimmune, a Missoula-based biotech company founded by nationally recognized vaccine scientists that has been working on a vaccine for COVID-19, announced today that it has raised $22 million in Series A funding led by Two Bear Capital, a venture-capital firm founded by Whitefish philanthropist Mike Goguen. The firm plans to use the Series A investment Read More…

Whitefish Mountain Resort takes extra safety precautions during pandemic

WHITEFISH — Whitefish Mountain Resort is taking extra precautions for all of their activities on the mountain due to coronavirus concerns. Elyse Knudsen, risk control manager with Whitefish Mountain Resort, said that the resort is being extra careful with guests. Before the summer season started the resort assessed all possible contact points between guests and Read More…

Former market president for Rocky Mountain Bank accused of bank fraud, related crimes

BILLINGS- A former market president for Rocky Mountain Bank has admitted to fraud and money laundering crimes. A release from the Department of Justice says 46-year-old Stephen Phillip Casher was charged in a 14-count superseding indictment alleging bank fraud and related crimes. The prosecution presented evidence in court records at trial that Casher worked as Read More…

The SEC told bankrupt Hertz it has issues with its plan to sell stock, Chairman Jay Clayton says

The Securities and Exchange Commission told Hertz, which filed for bankruptcy during the coronavirus pandemic, that the regulator has issues with the rental car company’s plan to sell stock. “In this particular situation we have let the company know that we have comments on their disclosure,” SEC Chairman Jay Clayton said Wednesday on CNBC’s “Squawk on the Street.” “In Read More…

Whitefish Mountain Resort to open for season

KALISPELL, Mont. — Summer officially begins at Whitefish Mountain Resort this Saturday. The resort will be opening nearly all its outdoor activities, including over 30 miles of mountain bike trails. As snow continues to melt, more trails will open throughout the season. The resort will also be opening three brand-new trails expected to be completed by Read More…

The Fed cancels its famous in-person Jackson Hole gathering due to pandemic, will hold virtual event instead

The Federal Reserve Bank of Kansas City announced on Thursday that its popular annual economic policy symposium will not be held in Jackson Hole, Wyoming, for the first time in nearly 40 years due to the coronavirus pandemic. Instead, the bank said that this year’s symposium, titled “Navigating the Decade Ahead: Implications for Monetary Policy,” will be Read More…

MT Supreme Court overturns ruling which blocked permit for Creston water plant

There’s another twist in the years-long legal battle over the operation of a Creston bottled water plant, with the Montana Supreme Court overturning a lower court ruling which had blocked permits. Local residents and conservation groups have been fighting the plans of Montana Artesian Water Company to pump enough water to fill more than 1-billion Read More…

Montana, North Dakota lawmakers to collaborate on radioactive oilfield waste problem

The debate over how to dispose of the Bakken’s radioactive oilfield waste has prompted a small group of lawmakers from North Dakota and Montana to start collaborating. The conversations come as Montana prepares to enact a formal rule capping the radiation level of oilfield waste disposed of at landfills in the state. Much of the Read More…

US shocks economists by adding 2.5 million jobs in May as unemployment declines to 13.3%

Economists were shocked on Friday as the Bureau of Labor Statistics said US employers added 2.5 million payrolls in May, defying expectations of 7.5 million jobs lost. The surprise increase came on the heels of the record 20.5 million jobs lost in April. The unemployment rate declined to 13.3%, bucking forecasts of a near-record 19% rate. April’s Read More…