Featured Articles in Business

UPS to cut 12,000 jobs

In response to a lower-than-projected revenue, UPS has declared a significant workforce reduction of 12,000 employees. The shipping company witnessed a 7.8% decline in revenue, dropping from $27 billion to $24.9 billion over the past year. Notably, UPS experienced a 7.4% decrease in shipping within North America and an 8.3% drop internationally. CEO Carol Tome Read More…

Montana State appoints Jason Browning as chief data officer

BOZEMAN – Montana State University announced today that it has hired Jason Browning as its first chief data officer. Browning, previously senior director of partner technology with the higher education consulting firm EAB, is a business intelligence and analytics expert with experience helping universities sort through data to make strategic decisions. He will begin his Read More…

All in: Business

Alpha Loading Systems Expansion

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…

https://nbcmontana.com/news/local/montana-bear-spray-rental-business-marks-3rd-year-of-operation

 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…

Small businesses seek to avoid possible credit crunch as Federal Reserve raises rates once 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…

Montana Veterans Acquire Wyoming-based Irrigation Company

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…

Keefe, Bruyette & Woods Maintains First Interstate BancSystem Inc. – (FIBK) Market Perform Recommendation

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 Energy Announces Election of Sherina Maye Edwards to the Board of Directors

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 blacklists 13 financial firms over ‘boycotts’ of energy industry

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…

Supreme Court deals blow to oil companies by turning away climate cases

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 and Generative AI in Payments: Reality, Hype, What’s Next, and How to Prepare

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…

Musk slashes Twitter down to about 1,000 employees: report

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…

Fed recap: Here are Chair Powell’s market-moving comments after the latest rate hike

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…

Greg Gianforte

Gianforte Receives Praise for Tax Relief

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…

Woodstock for capitalists, coming May 6th

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…

University of Providence partners with Touro medical college

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…

Businesses react to surge in gas prices

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

Montana Rail Link has no specific branch line plans “at this time”

While Montana Rail Link will be getting out of the railroad business by shifting operations to Burlington Northern Santa Fe, the Missoula-based company will still control considerable real estate. That includes some important, but currently unused branch lines in Western Montana. During the most recent meeting of the Big Sky Passenger Rail Authority (BSPRA), spokesman Jon Bennion explained Read More…

Ford and General Motors tell car dealers to stop ripping off customers

Two major U.S. automakers are calling out car dealers for allegedly jacking up prices beyond sticker value and ripping off customers. Ford and General Motors warned dealers to stop exploiting supply chain shortages by setting prices above the manufacturers’ suggested retail prices, or MSRP. “We have very good knowledge of who they are,” Ford CEO Jim Farley said while unveiling the company’s latest quarterly Read More…

Helena heavy equipment dealer is navigating supply chain and inflation disruptions

The road back to normal is still a bumpy one for many businesses. For Helena heavy equipment dealer Empire Equipment Company they’re taking on the challenges as they come. “It’s been pretty difficult,” Empire Equipment Company General Manager Krista Marshall told MTN. “Luckily our manufacturers have been well established at getting parts from Europe to North America. Read More…

National Restaurant Association asks Congress for more grant money as omicron hits industry

The National Restaurant Association is asking Congress to replenish the Restaurant Revitalization Fund as the Covid omicron variant hits operators’ businesses. Last year, lawmakers created the $28.6 billion fund to aid bars and restaurants struggling in the wake of the pandemic. The grants were designed to make up for a restaurant’s full pandemic losses of up Read More…

Facebook working on mysterious ‘authentic’ robot eyeball that could track where humans are looking

Facebook has patented a new technology for an “authentic” robot eye. The idea, granted in December, would let the social media company build a “high performing and realistic” eyeball that would be like an “animatronic device” to track humans’ eye movements. Tracking eye movements is used in digital ads to detect what people look at, as Read More…

As workers quit in droves, companies get creative to attract and retain employees

WASHINGTON — With workers quitting their jobs in record numbers across the United States, employers are getting creative with their offerings to attract and retain talent. Many are providing more money and benefits amid a nationwide labor shortage that has worsened supply chain shortages and hampered businesses, especially those that employ front-line workers. In Arizona, one Read More…

One-third of workers would take a pay cut to never dress for work again. Here’s how retailers are responding

This past fall, Lululemon’s design team noticed something unusual. Wall Street bros were flocking to the Brookfield Place store in the Financial District to buy the On the Move trousers, which look like chinos but are made from the same soft, stretchy, moisture-wicking material used in the brand’s activewear. That’s right: Finance execs were finally ditching their Read More…