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…
BILLINGS, MONTANA – The Montana Beef Council would like to invest up to $825,000 into programs of beef promotion, education, and producer communications in fiscal year 2019, which began Oct. 1. Programs approved could be funded through Montana’s 50 cent in-state portion of the $1 per head beef checkoff, after Montana producers provide affirmative consent Read More…
BUTTE – Bringing in Fall tourism dollars to the state is one of the focuses of a convention being held in Butte this week. The Montana Lodging and Hospitality Association is hosting discussions and guest speakers about a variety of topics important to the hospitality industry. Much of the event will be about attracting people to Montana to Read More…
A Bozeman tech park is vying to become the next headquarters for two major federal food and agriculture research offices. The move would make the city home to more than 600 new jobs. The Montana State University Innovation Campus hopes to sell the Trump administration on Bozeman as a base for the nation’s Economic Research Read More…
How do you marry two businesses? The process of passing a business from one generation to the next is a perplexing one. The experts say it takes planning. But what if the plans don’t work out? It’s almost like not having a plan at all. But, there’s this thing called serendipity and if you are Read More…
BILLINGS- Two new restaurants are setting up shop on the Rimrock Mall property, but mall officials are hoping for more. Blaze Pizza is opening this week at 316 24th St. on mall property in front of the main property. Next door will be Five on Black, a Missoula-based Brazilian grill chain, currently under construction and set to open Read More…
Eagle Jet Solutions has found a new nest in the Electric City. Construction has just begun for the new private hangar at the Great Falls International Airport and will be the largest private hangar in the state of Montana. The new aircraft hangar will have the ability to hold two 737 airplanes. A 737 aircraft Read More…
MISSOULA – Beer enthusiasts of all kinds gathered for the 10th annual Montana Brewers Fall Rendezvous over the weekend in Missoula as several dozen local craft brewers from large and small companies presented their finest. Judges from the local homebrewers association tasted and judged the best beers, and also hosted classes to show how different beers Read More…
Public officials in Missoula County, located in the U.S. state of Montana, have decided to look into new regulations around cryptocurrency mining rather than seek to ban the activity entirely. As previously reported, miners have been drawn to the region thanks to access to cheap electricity, but local concerns about power rate spikes and noise Read More…
WinCo Foods is making progress on an 84,000-square-foot grocery store in Helena. Construction crews started building the employee-owned chain this summer, but a spokesperson said an opening date still is to be determined. In addition to Helena, WinCo is building a store in Billings. The two locations will be the first WinCo stores in Montana. Read More…
Majority of US business owners want more tariffs: Report UBS Wealth Management CIO Mike Ryan on a new study on U.S. business owners’ views about the economy and tariffs. Business owners are cheering President Trump’s tough talk on trade. A recent study from UBS showed 71% of business owners approve additional tariffs on China. In Read More…
Bitcoin and the broader cryptocurrency market plunged on Wednesday after the U.S. Securities and Exchange Commission delayed a decision on whether to approve a proposed bitcoin exchange-traded fund (ETF). The federal agency said it will continue deliberations on the bitcoin ETF, which, if approved, would be the first of its kind. The bitcoin ETF, which Read More…
Elon Musk’s lawyers are probably poring over rule 14e-8 of the Securities Exchange Act of 1934 right about now. That regulation is the one the Tesla CEO may or may not have violated when he sent the markets into a frenzy and halted trading in Tesla’s shares after nonchalantly tweeting Tuesday that he was thinking Read More…
They kept telling us to get used to it. It’s the new normal. Coal is dead. Coal is dying. Move on. Now this, from Bloomberg News: Trump’s Making U.S. Coal Exports the Greatest They’ve Ever Been READ THE FULL STORY.
MISSOULA – With the school year around the corner, a Montana start-up is working to get their invention in classrooms across Montana. They say the non-lethal product is more effective than pepper spray. Ben Gladwin, the assistant chief of the University of Montana Police department and education director for Reflex Protect, says the spray is Read More…
A startup unicorn is joining the streaming-video fray. Media mogul Jeffrey Katzenberg has raised $1 billion for a new mobile streaming service he’s calling “NewTV,” CNN reports. Disney, Warner Bros, Entertainment One, and other major media firms have invested. Katzenberg recruited in January former eBay and HP CEO Meg Whitman to helm “NewTV.” The service Read More…
Apple shares are jumping Wednesday after a strong fiscal third-quarter report, trading more than 5 percent higher and inching the stock toward a $1 trillion market value. The stock hit the $200 mark in midmorning trading after opening at $199.13. Shareholders had previously been looking for a price of $203.45 to make Apple the first Read More…
The Imerys talc mill in Three Forks is facing a union lockout if its members don’t accept a new contract from the mill’s French owners — a contract the union members have already rejected three times. The lockout would leave 32 union members and their families without paychecks or health care for an undetermined amount Read More…
Karen Alderman Harbert, President and Chief Executive Officer of the U.S. Chamber of Commerce’s Global Energy Institute will be the speaker at the annual Petroleum Industry Appreciation Day Luncheon on August 29. The event which is sponsored by the Montana Petroleum Association will be held at the Doubletree Hotel in Billings, and is open to Read More…
The newest member of the growing group of hotels in the Flathead Valley, TownePlace Suites by Marriott, opened its doors last week in Whitefish. The property had been under construction since last fall. The 81-room hotel on U.S. 93 South is focused on a specific set of clients: those who are staying five days or Read More…
Wendy’s had preliminary merger talks with Papa John’s before the company’s founder, John Schnatter, stepped down as chairman last week, a source familiar with the situation told CNBC. The talks cooled after Schnatter’s use of a racially charged slur led to his resignation. Schnatter still sits on Papa John’s board and has a nearly 30 Read More…
Amazon’s Prime Day again broke records this year, but the sales holiday also boosted sales across the broader U.S. e-commerce industry. According to Adobe Analytics data released this morning, larger retailers – meaning those with over a billion in annual revenue – saw a 54 percent increase in sales on Prime Day, compared with an Read More…
The number of small business that aren’t able to find enough workers has matched the highest level ever recorded. The percentage of small companies not able to fill open positions hit 36 percent in June, according to the NFIB Research Center, matching the survey’s record high set in November 2000. (The data goes back to Read More…
After reading a recent op-ed piece written by four seemingly confused former land board staffers regarding the Habitat Montana program I believe a response is definitely in order. The four, Ed Tinsley, Kathy Bramer, Rusty Harper and Jenny Eck, show the ineptness associated with past operations of the land board when it comes to writing Read More…
Tech-driven disruption in the insurance industry continues at pace, and we’re now entering a new phase — the adaptation of underlying business models. That’s leading to ongoing changes in the distribution segment of the industry, but more excitingly, we are starting to see movement in the fundamentals of insurance — policy creation, underwriting, and claims Read More…
Roger and Lisa Sammons are definitely overachievers. When the owners of Pardue Grain invited dignitaries, local business owners and customers, vendors and contractors to the “groundbreaking” of their new pulse crop processing facility, they forgot to mention the facility’s construction is well underway! Last Friday’s ceremony was merely a formality as the Sammons and their Read More…
Judge Kimberly Mueller on June 10, 2016 in the U.S. Eastern District Court of California found that John Duarte, a nursery operator and wheat farmer, plowed wetlands, four to six inches deep, and therefore violated the Clean Water Act (CWA). The Judge found Mr. Duarte, by chiseling a pasture, discharged fill material into a water Read More…
Venture capital-backed companies based out of California are usually recognizable. But what can get lost in the mix are the companies based throughout the rest of the country. VC research firm Pitchbook compiled every state’s most valuable VC-backed startup into an interactive graphic. READ THE FULL STORY.
Bias Brewing officially opened and features six beers brewed in house, cold brew coffee, and food from Food For The Soul 2. The brewery’s first beer menu features a variety of types of brews from stouts to pale ales. It offers 4-ounce taster sizes all the way up to small and large growlers. Bias also Read More…
MONTANA – AMC Theatres, the world’s largest movie theater chain, has unveiled a $20-a-month subscription service as a rival the flagging MoviePass. The theater chain on Wednesday unveiled a new service to its loyalty program, AMC Stubs, allowing subscribers to see up to three movies a week for a monthly fee of $19.95. That’s more Read More…
A federal judge said Tuesday that AT&T’s $85.4 billion purchase of Time Warner is legal, clearing the path for a deal that gives the pay-TV provider ownership of cable channels such as HBO and CNN as well as film studio Warner Bros. U.S. District Court Judge Richard Leon did not impose conditions on the merger’s Read More…
LIVINGSTON – Livingston’s Printing For Less (PFL) held a ceremonial groundbreaking event Friday for its new 55,000-square-foot digital printing and fulfillment center. The company plans to add 100 new employees once the new center is complete. Just this past year it added 80 new positions at its Livingston location. “We’re obviously optimistic about our own Read More…
Manhattan gun holster and tactical accessory maker Blackhawk! was named the state’s Manufacturer of the Year by the Montana Chamber of Commerce. “Our team is deeply honored and very excited to receive this recognition,” said Blackhawk Factory Operations Manager Lamont Kotter in a release. “This is a testament to the great work our employees do Read More…
Since the beginning of 2016, in a two-and-a-half year span, Kalispell, Whitefish and Columbia Falls have added six new hotels with 500-plus rooms and more than 300,000 total square feet, counting four completed hotels and two scheduled for completion this summer. Now another new hotel is coming to Kalispell with the recent application of My Read More…
Instead of the massive pot rooms that once pumped out millions of pounds of aluminum, dozens of local residents saw sprawling holes at the Columbia Falls Aluminum Co. during a public presentation and tour on May 9, a show of progress at the contaminated Environmental Protection Agency Superfund site that is in the midst of Read More…
For those of you who have never visited the former Glasgow Air Force Base in St. Marie, Montana, it is definitely an interesting site to see. It looks like something out of a movie. You will drive down a street and see abandoned home after abandoned home with brown, overgrown lawns and boarded up windows- Read More…
Vacant for most of the last decade, the old National Guard armory building in downtown Bozeman is beginning to show signs of life. Plans are moving forward to repurpose the building into an eight-story boutique hotel complete with event space and at least a pair of restaurants, said Cory Lawrence, CEO of local travel company Read More…
An obscure wireless industry deal from last year can help explain why T-Mobile and Sprint finally agreed to merge this week after years of flirting with a deal. Last May, Verizon signed a deal to buy acompany called Straight Path for more than $3 billion. If you remember the deal, it’s probably because AT&T and Read More…
The railroad’s planned investment will fund various initiatives, including a $1.4 million investment in the rail line between Butte-Silver Bow and near Lima to replace 10,000 crossties along our Montana Subdivision. UP also plans a $748,600 investment in the rail line between Moose Creek and Walkerville to replace curve rail along the railroad’s Montana Subdivision. Read More…
HELENA, Montana, April 24, 2018 (GLOBE NEWSWIRE) — Eagle Bancorp Montana, Inc. (NASDAQ:EBMT), (the “Company,” “Eagle”), the holding company of Opportunity Bank of Montana, today reported net income was $573,000, or $0.11 per diluted share, in the first quarter of 2018, compared to $763,000, or $0.20 per diluted share, in the first quarter of 2017. Read More…
The app development side of Montana’s much-lauded tech sector will continue its upward trajectory, according to a newly released report. The sixth annual report, the State of the App Economy — aggregated by ACT The App Association, an industry organization that represents more than 5,000 app makers — details the growth of an almost $1 Read More…