Lee Enterprises, Incorporated (NASDAQ: LEE),has announced that its Board of Directors approved a limited-duration shareholder rights plan (“Rights Plan”). Effective immediately, the Rights Plan will remain in effect until March 27, 2025. However, the Board retains the option to terminate the Rights Plan earlier if deemed necessary. The decision to implement the Rights Plan comes Read More…
(The Center Square) – A judge sentenced FTX founder Samuel Bankman-Fried to 25 years in prison on Thursday, marking the long fall of the onetime cryptocurrency star. U.S. District Judge Lewis Kaplan also sentenced Samuel Bankman-Fried, known as SBF, to three years of supervised release, and ordered him to pay $11 billion for orchestrating a massive fraud. Bankman-Fried, Read More…
(The Center Square) – A federal judge handed a win to oil and natural gas companies operating in western states by upholding the first lease sales of the Biden administration on federal land in western states. After the Bureau of Land Management conducted an extensive environmental assessment, it authorized lease sales on federal land in Read More…
GREAT FALLS, Mont. – As part of his celebration of Montana Agriculture Week, Governor Greg Gianforte visited Hi-Country Snacks in Lincoln to learn more about how the company supports agricultural producers. “Hi-Country Snacks is embracing the future of value-added agriculture with new technologies and processes,” Gov. Gianforte said. “Value-added agriculture allows our producers to capture Read More…
(The Center Square) — New Jersey has given labor unions the legal authority to file litigation against companies over alleged labor violations despite claims from business groups that it will result in a slew of lawsuits. The legislation, recently signed into law by Gov. Phil Murphy, will allow unions to represent workers or a third party Read More…
The U.S. defense budget topped $850 billion in fiscal 2022, more than the combined military spending of the next 10 countries combined. This money goes to fund a wide range of obligations, from operations to payroll for troops and civilian defense personnel. The bulk of the U.S. military budget, however, is spent on contracts with Read More…
(The Center Square) – The Texas economy grew at a much faster rate than nearly all U.S. states in the third quarter in 2023. Texas also surpassed national growth rates in all categories and grew faster than the nation for five quarters in a row, according to U.S. Bureau of Economic Analysis data. Real gross Read More…
General Motors (GM) has acquired approximately half of its Buick dealerships across the United States as a result of their reluctance to promote electric vehicles (EVs) during GM’s transition to an electric future. Roughly 1,000 of GM’s 2,000 Buick dealerships opted for the voluntary buyout, which remains open for additional dealers to choose instead of Read More…
Livingston is experiencing a resurgence in employment opportunities following Sun Mountain Lumber’s recent acquisition of R-Y Timber. The wood manufacturer, based in Deer Lodge, successfully finalized the purchase in early November and has been diligently working to reopen the plant. On December 4, the plant achieved a significant milestone by restarting the sawmill equipment, signaling Read More…
According to filings with the state of Michigan, General Motors (GM) is set to initiate layoffs affecting just over 1,300 workers across two Michigan plants early next year. The larger layoff, involving 945 employees at GM’s Orion Assembly plant responsible for producing Chevrolet Bolts, is scheduled to commence on January 1. However, the company has Read More…
For the eighth consecutive year, Fox News Channel is set to conclude 2023 as the most-watched network on cable television, with its new primetime lineup thriving and “The Five” making history. FOX News Media CEO Suzanne Scott expressed gratitude for viewers’ continued preference for Fox News Channel during unprecedented news cycles, praising the network’s team Read More…
Costco, the retail giant, disclosed that it achieved sales exceeding $100 million in gold bars during the first fiscal quarter of 2024, as reported by CNBC. This announcement took place within the company’s earnings call, where it revealed a 6.1% surge in sales compared to the first quarter of 2023 and declared a special dividend Read More…
Federal Home Loan Bank of Des Moines (FHLB Des Moines) recently appointed Don Sterhan, President and Chief Executive Officer of CR Builders, LLC, to its Affordable Housing Advisory Council (Advisory Council) representing Montana. Sterhan begins his three-year term on January 1, 2024. The role of the Advisory Council is to advise the FHLB Des Moines Read More…
BOZEMAN — Montana State University Extension and the Montana Stockgrowers Association awarded 2023 Steer of Merit certifications at the association’s Dec. 7 convention in Billings. MSU Extension beef cattle specialist Megan Van Emon presented the top five winners of the carcass and ultrasound Steer of Merit contests at a Best of Beef Luncheon. MSU Extension Read More…
United Airlines has expanded its flight offerings from Billings to Denver, introducing two additional daily flights and bringing the total to five. The announcement was made collaboratively by the city of Billings, Visit Billings, the Billings Chamber of Commerce, and Big Sky Economic Development in a news release. READ THE FULL STORY: https://montananewsroom.com/united-airlines-adds-more-flights-from-billings-to-denver/
Gena Kraenzel moved to Columbus from Nevada with her partner with one goal: working at the Sibanye Stillwater Mine. Her partner achieved that goal three years ago and Kraenzel left a job in Billings 10 months ago when she got a job at the mine near Nye, too. Less than a year later, she was Read More…
Millions of Americans are engaged in informal gig work, a phenomenon not captured in the government’s official employment statistics, as indicated by recent research shedding light on the true extent of this type of employment. If a more accurate representation of Americans’ willingness to work is considered beyond conventional economic data, the job market may Read More…
In a report released last week, the U.S. Bureau of Economic Analysis (BEA) confirmed that Montana’s outdoor recreation industry continues to play a significant role in the state’s economy. According to the 2022 report detailing the industry’s economic impact, outdoor recreation contributed to 4.3% of Montana’s gross domestic product (GDP) last year. While this represents Read More…
A veteran and active-duty gym called the Adaptive Performance Center (APC) has been awarded the Staff Sergeant Parker Gordon Fox Suicide Prevention Grant through the Veteran’s Administration (VA). This is the second time APC has received the grant since they first opened their Helena location less than a year ago which will help to expand Read More…
Governor Greg Gianforte made a visit to the newly expanded Alpha Loading Systems Facility in Stevensville, Montana. The governor’s visit came in response to the recent expansion of the company’s operations, driven by the increased demand for its American-made machinery and ammunition. This development underscores the vital role that small businesses play in Montana’s economy, Read More…
Reactions to a new documentary on how the federal government and environmental groups deny that offshore wind is killing whales reflects a problem some residents in Wyoming say is happening with wind projects in the Cowboy State. “Many wanted to believe we could consume more and more energy, and renewable energy was all green. Nothing Read More…
Today’s broken media business is brought to you by a revolution in advertising. Starting about two decades ago, Google and Facebook figured out how to siphon off most of the ad revenues that had historically gone to support independent journalism. The duopoly is now the target of numerous antitrust actions by regulators around the globe. Read More…
If you’ve been a rodeo any time in the past half century, chances are you’ve seen some Kesler family stock in live action. For more than 70 years now, the Kesler family has supplied bulls and bucking horses for rodeos across the United States and parts of Canada. “My granddad started the rodeo business in Read More…
Over the weekend in Seattle, KTVQ brought home the Northwest Regional Emmy Award for Best Morning Newscast for work on our annual Pink Breakfast newscast. For 16 years Q2 News has opened its studios to breast cancer survivors and their caregivers to honor patients still battling and those who’ve beat cancer, by telling their amazing Read More…
A bear spray rental business in southwest Montana is marking its third year of operation. TrailQuipt has locations in Gardiner, West Yellowstone and outside Bozeman. The business rents bear spray canisters for two days for $16, which they call a cost-effective alternative to buying bear spray. The company is implementing an online reservation system this Read More…
If you’re running a small business, you might feel the pressure of uncertainty in our current economy. And because the range of possible outcomes can seem vast, is it even worth planning to manage your business differently during economic uncertainty? Or should we brace for impact and hope we’re still standing when it blows over? While Read More…
Small businesses – the heartbeat of the U.S. economy – are beginning to feel the pinch of tighter credit conditions as the Federal Reserve continues to increase borrowing costs. A flurry of headlines in recent weeks has suggested a credit crunch – meaning the availability of lending gets scarcer – is already happening. That’s in large part brought on by the actions of Read More…
Mullinax Irrigation & Construction Supply, which provides irrigation solutions and construction products from their headquarters in Sheridan, WY, recently announced the sale of their business to a new generation of ownership. Kevin Beagle and Dustin Frost, an Army and a National Guard Veteran, both with connections to the Billings business community, have purchased the company Read More…
Fintel reports that on April 28, 2023, Keefe, Bruyette & Woods maintained coverage of First Interstate BancSystem Inc. – (NASDAQ:FIBK) with a Market Perform recommendation. Analyst Price Forecast Suggests 40.35% Upside As of April 24, 2023, the average one-year price target for First Interstate BancSystem Inc. – is 37.01. The forecasts range from a low of 31.31 to a high of Read More…
NorthWestern Corporation d/b/a NorthWestern Energy (Nasdaq: NWE) today announced that Sherina Maye Edwards has been elected by the company’s shareholders to the Board of Directors, bringing extensive regulatory, legal, utility infrastructure and executive experience to the independent board. Edwards is the former Chief Strategy Officer of MasTec, Inc., a NYSE-listed infrastructure construction company and former Read More…
Oklahoma’s treasurer announced that the state will stop doing business with more than a dozen financial firms over accusations that they “boycott” the energy industry. Oklahoma Treasurer Todd Russ revealed the list of blacklisted firms on Wednesday and emphasized that they will end up losing access to billions of dollars from government entities as a result of the judgment. The Read More…
One of my 2023 energy predictions was “Total U.S. oil production will again rise, and set a new annual production record.” The previous annual record was set in 2019 at 12.3 million barrels per day (bpd). By the end of 2022 monthly production was just about back to that level following the devastating impact from Covid-19 in Read More…
The Supreme Court on Monday allowed lawsuits brought by municipalities seeking to hold energy companies accountable for climate change to move forward in a loss for business interests. The court turned away oil company appeals in five cases involving claims brought by cities and municipalities in Colorado, Maryland, California, Hawaii and Rhode Island as part of efforts to Read More…
ChatGPT, a conversational AI model built by OpenAI, is the most talked-about technology of 2023. And it has caught the attention of payments services providers keen to unlock the potential of the generative AI that powers it. Generative AI is set to revolutionize various sub-verticals within the payments industry. The most significant impact is expected Read More…
Two people familiar with the company told Business Insider that the headcount is “much lower” than the 1,500 employees CEO Elon Musk had told BBC News remained on staff, particularly when excluding remaining contract workers. The billionaire did not specify whether his total included such employees. The outlet said getting closer to 1,000 means Twitter’s workforce is Read More…
The major averages turned lower following Fed Chair Jerome Powell’s press conference. Investors seemed to have turned their attention to Powell’s comment that the rate-setting committee has “a view that inflation is going to come down not so quickly.”“It will take some time, and in that world, if that forecast is broadly right, it would Read More…
Governor Greg Gianforte received praise from industry leaders, business owners, and business advocates for his advocacy of a tax relief package, signed into law on March 13. Fulfilling his campaign promise to address the priorities of Montanans by offering them the largest tax cut in the state’s history, which includes both immediate tax rebates and Read More…
The Berkshire Hathaway annual meeting is May 6 in Omaha, Nebraska. Often referred to as Woodstock for capitalists, the meeting has become a highly anticipated event for investors, drawing thousands of attendees from around the world. At the Berkshire Hathaway annual meeting, Warren Buffett and his longtime business partner, Charlie Munger, spend several hours answering Read More…
The owner of the Taco Time on Main Street is looking for someone to buy the property due to declining sales. The Taco Time, first opened to great success in 1975 performed well during the pandemic with their drive-thru. But since the pandemic began winding down last year, so have their sales, said owner Steve Adams. Adams believes a lot Read More…
The University of Providence announced a partnership with Montana’s first medical school — Touro University of Osteopathic Medicine in Great Falls. The agreement with Touro will allow UP to offer students a Biology degree with a Health Professions concentration. Students enrolled in the program will be guaranteed an admissions interview (if GPA requirements are met) Read More…
Governor Greg Gianforte today announced that Montana exceeded his goal for adding good-paying jobs to the economy in 2021, which he set at the beginning of last year. Montana Department of Labor & Industry (DLI) data show the state added just under 13,000 jobs paying over $50,000 in 2021, easily surpassing the governor’s goal of Read More…
When Brittain Kovac and Josh Schukman bought their first 1988 Airstream trailer in 2016 to live in while they worked traveling jobs, they fell in love with the vintage living space and the era it was designed in. Over the years, they acquired five Airstreams from Kansas City, Arizona and the Yaak, moving each of Read More…
Amid record low unemployment it’s hard to find employees in Montana, not just the Flathead Valley. Still, the work is ongoing locally to promote strategies that can help businesses keep the employees they already have. Montana’s unemployment rate is the fifth-lowest in the nation, dropping from 2.7% in January to 2.6% in February, according to Read More…
The recent surge in gas prices is fueling operational adjustments across the Flathead Valley business landscape. Donny Stevens, who runs a Columbia Falls trucking company, said his biweekly bill increased by $5,000 from one statement to the next. “It’s affecting us big-time,” Stevens said. READ THE FULL STORY