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…
Last month, several individuals and businesses in the Gallatin Valley won the lottery. Out of more than 600 applicants in Bozeman and Belgrade, four names were chosen by the Montana Department of Revenue as the winners of the state’s annual liquor lottery. The lottery is part of Montana’s population-based alcohol license quota system, which permits Read More…
General Electric Co. plans to buy a maker of wind-turbine blades for $1.65 billion, bolstering the renewable-energy business amid growing demand for clean power. The deal for Denmark-based LM Wind Power will enhance GE’s ability to serve customers in the onshore and offshore wind markets, the companies said Tuesday in a statement. LM Wind Read More…
Google and Facebook are teaming up to build a 120 Terabits per second (Tbps) submarine cable that will connect Los Angeles with Hong Kong. The two companies are working with Pacific Light Data Communication — a wholly owned subsidiary of China Soft Power Technology that’s relatively new to the sub-sea cable game. Once the Read More…
A man as unique as the Highland cattle herd he manages, Wally Congdon, is an accomplished Montana attorney and the owner and operator of Big Sky Natural Beef. From raising to finishing, Congdon does it all on his western Montana ranch, and has created a market for his grass-fed, all natural Highland beef around Read More…
As Dakota Access Pipeline opponents fanned out and stopped construction at multiple sites again Thursday, Oct. 6, the Morton County sheriff said he has assigned more resources to the area and will call in deputies from other states if necessary to respond to simultaneous protests. “We have basically tapped the resources to a level Read More…
Construction work on the Dakota Access Pipeline is nearly completed along the North Dakota portion of the project route. The September construction report from Dakota Access LLC, a partner of Energy Transfer Partners LP, shows that 87 percent of the project has been completed in the state through the end of the month. This Read More…
Eight North Dakota lenders have earned the 2016 Director’s Award from the U.S. Small Business Administration North Dakota District Office, honoring their participation with SBA in supporting the growth and expansion of small businesses in their communities. The winners are: Dakota Certified Development Corp., U.S. Bank, Capital Credit Union, Choice Financial, VISIONBank, Starion Financial, Town Read More…
One of downtown Helena’s largest employers is ready to make a move to the east side of town. Blue Cross Blue Shield of Montana will start operations Monday at its new headquarters in the Mountain View Meadows subdivision. Leaders say the move will be in several stages and should be finished in about two weeks. Read More…
The three newest members of Montana State University Billings’ Business Hall of Fame will accept individual honors this week, but all of them say they haven’t succeeded without surrounding themselves with a team. “This honor is focused on me, but it shouldn’t. I had the fortunate opportunity to work with tremendous… people,” said Karen Fagg Read More…
A pair of local businesses were honored as part of the 23rd Annual Family Business Day hosted by Montana State University’s Jake Jabs College of Business & Entrepreneurship. Bozeman baked goods company Elliotts of Montana and retailer Wild West Shirt Company were among the six businesses awarded at Friday’s event. Busted Knuckle Brewery in Glasgow, Read More…
Conferences, especially in the technology sector, are great opportunities for people of similar interests to meet up and interact. On Sept. 22, Malta held its Hi-Line Technology Roundup. The free conference focused on the use of communication technologies in a rural environment, with topics relating to remote work, software for ranchers and technological advances in Read More…
Wyoming has the most competitive tax code in the nation according to the 13th annual State Business Tax Climate Index, released today by the nonpartisan Tax Foundation. The report measures how well-structured each state’s tax code is by analyzing over 100 tax variables in five different tax categories: corporate, individual income, sales, property, and unemployment Read More…
While University of Montana students will start getting around campus through electric power this fall, Missoula’s main transit agency also has electric buses on its shopping list. “We’re aggressively going after federal grant opportunities as they arise and looking at how we can move in that direction,” Mountain Line General Manager Corey Aldridge said, The Read More…
More than half of the minimum wage workers in Montana are older than 25 and more than 60 percent are women. The Montana Department of Labor and Industry announced on Thursday the new minimum wage for a group it calls an important part of the workforce. The minimum wage will increase to $8.15 an hour starting Read More…
Burger Dive’s “I’m Your Huckleberry” is the People’s Choice at the the Zoofari burger competition at ZooMontana on Friday night. The very first Zoofari brought burgers, brews and bands for a big party and fund raiser. The Montana Beef Council sponsored the competition. Callaghan Enterprises, Grille 406 out of Bozeman, Stacked, a Montana Grill and Read More…
The Montana Supreme Court has upheld the state’s Public Service Commission’s decision to deny a $1.4 million rate increase requested by NorthWestern Energy. An outage at a plant in January 2012 forced the company to buy power from third parties, but the PSC had ruled that even with the outage, NorthWestern Energy was allowed to collect $8.3 Read More…
2 new lifts are almost done at Big Sky Resort, and one of them finally has a name. Workers are still laying the steel on the upper terminal of the new “powder seeker” lift. The grade work is already done on the new high tech, heated and covered seat lift. Overall work on the 2 new Read More…
Crowdsourcing live traffic data has been one of Waze’s key competitive advantages in navigation software for a while, but Germany’s HERE might give it a run for its money with new services that pull traffic info from cars on the road. The data gathered by Here’s upcoming traffic services, which it’s set to debut during Read More…
Uber today announced yet another rewards program for its drivers and riders, this time in partnership with retailer Sears and its “Shop Your Way” loyalty platform. The program offers drivers points redeemable for products at Search, Kmart and Lands End, as well as discounts on vehicle maintenance and repairs at Sears Auto Centers. Meanwhile, riders who Read More…
Billings-based GTUIT, LLC has earned the 203rd position on Inc. magazine’s 2016 Inc. 500 list of fastest-growing private American companies with a three- year revenue growth rate of 1,894%. For 35 years, Inc. has tracked the fastest-growing private companies which have included firms like Microsoft, Under Armor, Oracle and Yeti Cooler. GTUIT stands out because Read More…
Six businesses will receive Montana Family Business Program awards at the 2016 Montana State University Jake Jabs College of Business & Entrepreneurship State Farm Insurance Family Business Day, set for Friday, Oct. 7, at the Best Western Plus GranTree Inn in Bozeman. The 2016 Family Business Day award winners are: Elliotts of Montana of Bozeman Read More…
Agriculture in Montana looks to be back on the right track after last year’s rough market and drought-ridden growing season, the state reported, and local farmers are finding more success in their harvests than last year. “We’ve experienced more volatility in the past five years than we have in the past several decades,” Mountain West Read More…
If you have listened to Montana gubernatorial candidate Greg Gianforte speak on his economic plans, one key area regarding jobs is to bring the state’s kids home with high paying jobs in the technology sector. Gianforte and his wife founded and grew RightNow Technologies in Bozeman before selling the business to the multi-national corporation Oracle. Read More…
Wyoming’s unemployment rate fell in August for the first time in 18 months, the Department of Workforce Services reported Tuesday. The shift from 5.7 percent unemployment in July to 5.5 percent last month is not a statistically significant drop, but it offers hope that the state economy is stabilizing. Natrona County had the fourth-largest decrease Read More…
Members of the Chippewa Cree Tribe gathered along the bank of the Missouri River in Great Falls on Tuesday evening to show their support for the Standing Rock Sioux Tribe in North Dakota. The group is joining in protest of the multi-billion dollar Dakota Access Pipeline that would cross the Missouri River several times across Read More…
MISSOULA — More than 11 million out-of-state travelers come to Montana every year, yet it is only one of five states in the country with no statewide sales tax. Proponents of a sales tax say it’s a giant missed opportunity to generate revenue from those tourists. Detractors say it would disproportionately hurt lower-income residents. A Read More…
There’s an EpiPen Tycoon computer game. In it, you are the CEO of Mylan, Heather Bresch, the daughter of a US senator who has been handed a drug that lays a golden egg — EpiPen, an emergency anaphylaxis treatment that stops people’s throats from closing in the event of an allergic reaction. It’s Read More…
When Lori Goler, Facebook’s Vice President of People, joined the company in 2008, she got to work making the company a “strengths-based” organization. It’s a term based on Marcus Buckingham and Curt Coffman’s 1999 bestselling management guide “First, Break All the Rules.” The coauthors were Gallup analysts at the time and drew insights from 25 years Read More…
Women are going nuts overLuLaRoe, a clothing brand that has catapulted from near obscurity to cult status in the past couple of years. The brand, which sells brightly-colored shirts, leggings, and dresses, isn’t available in stores or on a company website. Instead, tens of thousands of people across the US — many of whom are Read More…
Representatives of Wyoming firearms manufacturers were on hand Monday, as Gov. Matt Mead announced three new initiatives to promote shooting sports across the state as part of “Wyoming’s Day at the Range.” “We have a growing firearms industry in Wyoming,” Mead said at ceremony at the Otto Road Shooting Range west of Cheyenne. “Some Read More…
Not long after it became clear that the robust winds that blow down from the Rocky Mountains and across the sea of sagebrush here could produce plenty of profit in a world that wants more renewable energy, some of the more expansive minds in the Wyoming Legislature began entertaining a lofty question: Who owns all Read More…
The Treasure State will soon be able to eat one of the Peach State’s most beloved treasures, and it’s not a peach. Atlanta-based Chick-fil-A Inc. will open its first restaurant in Montana at 35 Treeline Road in Kalispell. The company said more details on our first location and the local owner will be available soon. It’s Chick-fil-A Read More…
BILLINGS, Mont. – Residents of an eastern Montana city are being asked to limit their water use so one of the largest coal-fired power plants in the western U.S. can continue to safely operate. Colstrip Mayor John Williams asked the city’s 2,300 residents to minimize their use of water for sprinkling and irrigation through the Read More…
If there’s one thing many Montanans can agree on it’s a love for beer. And if Anaconda resident Luke Carlson gets his way, Anaconda could get its own brewery as early as late December. “If everything goes smoothly, we’re kind of pushing for Christmas time,” said Carlson, who recently applied for funding from the city’s Read More…
BONNER — When Steve Nelson and Mike Boehme bought the former Stimson lumber mill site in Bonner in 2011, they saw potential in the blighted, polluted industrial area. Recently, the duo gave a tour to showcase the business activity going on there. Today, 10 separate businesses employing roughly 250 people occupy the 170-acre site, including Read More…
After a decade-long partnership with Bozeman advertising agency MercuryCSC, Montana’s Office of Tourism and Business Development recently awarded the state’s $7 million annual marketing contract to a company based in Wisconsin. The department awarded the contract to Milwaukee agency Hoffman York at the beginning of August using a point system it says is objective to Read More…
THREE FORKS, MONT. — Wheat Montana recently reformulated its Healthyloaf line of bread using only non-G.M.O. ingredients. The company worked with vendors to assure that all ingredients are non-G.M.O., and plans to submit all items for non-GMO Project verification. The Healthyloaf line of better-for-you sliced bread has been a top-seller for Wheat Montana since its Read More…
Anyone who’s built a career knows there are plenty of challenges along the way. The Young Professional Summit in Great Falls over the weekend is helping young professionals get their foot in the door when it comes to establishing themselves, and their careers in Montana. This is the first year of the Summit, which featured a variety of events Read More…
HELENA – The Montana Office of Tourism and Business Development says the “Get Lost in Montana” campaign has run its course, and now a new company will take over marketing the Treasure State. The state began a competitive selection process in April of this year. Eleven bids were submitted from companies in places like Montana, Read More…
The City Council has signed off, and construction is set to begin at First Interstate Bank’s new branch office on South Haynes Avenue in Miles City. The 7,000-square-foot, single-story structure will replace the existing branch at 1115 Main St. that the bank has called home for the past 30 years. Branch President Jeff Rodenbaugh said Read More…