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MONEY / FINANCE

Money

Stocks fall for second straight day

Money

Toyota discontinues Scion after years of slumping sales

Money

BP reports 91 percent plunge in 4th quarter earnings

Money

Anchorage volunteers help with free tax prep

Money

Wounded Warrior Project accused of wasting donation money

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  • Money

    Stocks fall for second straight day

    by Associated Press on Feb 08, 8:16

    It’s another day of sharp losses on Wall Street, where the Dow has been more than 350 points lower in midday trading. The market is being weighed down by steep losses in technology, financial and energy stocks. The slide — which has the market on course for its second big loss in a row — […]

  • Money

    Toyota discontinues Scion after years of slumping sales

    by Associated Press on Feb 03, 8:22

    Toyota is discontinuing its Scion brand, aimed at younger car buyers, after years of slumping sales. Toyota Motor Corp. established Scion as a separate brand in 2003 for sale in U.S., Canada and Puerto Rico, but sales plunged following the economic recession in 2008 and never fully recovered. Sales of all models combined peaked at […]

  • Money

    BP reports 91 percent plunge in 4th quarter earnings

    by Associated Press on Feb 02, 8:05

    British oil company BP says fourth-quarter earnings plunged because of sharp declines in oil prices. The company reported Tuesday that fourth-quarter underlying replacement cost profit fell 91 percent from the same quarter a year earlier to $196 million. The figures were reported using an oil industry accounting standard that takes into account fluctuations in the […]

  • Money

    Anchorage volunteers help with free tax prep

    by Eric Ruble on Jan 30, 17:42

    Most Americans dread filing taxes. The complex paperwork looms in the back of one’s mind as the Internal Revenue Service deadline approaches. But a group of Alaskans is making it easier — and cheaper – to get your return. So easy, in fact, you might be encouraged to file early. “If there is a refund […]

  • Money

    Wounded Warrior Project accused of wasting donation money

    by Chip Reid / Jennifer Janich / CBS News on Jan 26, 17:50

    A CBS News investigation into a charity for wounded veterans, the Wounded Warrior Project, looks into how the charity spends its donation money. What caught our attention is how the Wounded Warrior Project spends donations compared to other long-respected charities. For example, Disabled American Veterans spends 96 percent of its budget on vets. Fisher House […]

  • Money

    Coins make wishes come true at Gwennie’s Old Alaska Restaurant

    by Lauren Maxwell on Jan 21, 22:28

    A money laundering operation is underway in Anchorage, but there’s nothing illegal going on. Thousands of dollars worth of coins are getting washed so they can be donated to a local charity. Wish Upon a North Star is the group that provides wishes for terminally ill children. Board Member Rich Owens explains that a chunk […]

  • Money

    Oil prices tumble, but stocks trim losses after big slump

    by Associated Press on Jan 20, 12:16

    U.S. stocks recovered much of an early plunge, but the price of oil suffered its worst one-day drop since September. Energy companies were pummeled as the latest fall in oil threatened more damage to an industry that has been stricken with bankruptcies, layoffs and other cutbacks. Exxon Mobil fell 4 percent and Chevron fell 3 […]

  • Money

    Oil prices may fall further this year, says International Energy Agency

    by Associated Press on Jan 19, 12:11

    The International Energy Agency says oil prices may fall further this year due to low demand, warm winter weather and an oversupply of crude. The organization advises countries on energy policy. It said in its monthly report Tuesday that excess global supply may reach 1.5 million barrels per day during the first half of the […]

  • Money

    Wal-Mart to close 269 stores, 154 of them in the US

    by Associated Press on Jan 15, 12:57

    Wal-Mart is closing 269 stores, more than half of them in the U.S. and another big chunk in its challenging Brazilian market. The stores being shuttered account for a fraction of the company’s 11,000 stores worldwide and less than 1 percent of its global revenue. The closures will affect 16,000 workers, 10,000 of them in […]

  • Money

    What do low oil prices mean for Alaska’s financial future?

    by Shannon Ballard on Jan 14, 22:03

    This week, the price of a barrel of oil dropped below $30 for the first time since 2003. If Alaska’s financial crisis was bad before, now it’s even worse. Additionally, the two first weeks of 2016 have been the worst start to a new year in the history of Wall Street. So what does this all […]

  • Money

    $1.6 billion Powerball jackpot also created 81 millionaires

    by Associated Press on Jan 14, 13:43

    Sure, the three winners splitting the record $1.6 billion Powerball jackpot are getting a lot of attention. But more than 26 million tickets won prizes, many of them not too shabby. Some in each of these categories even doubled their winnings by paying an extra dollar for a “Power Play.” Match 5 but not Powerball: […]

  • Money

    Powerball soars to $800 million as states see strong sales

    by Associated Press on Jan 08, 8:07

    The record Powerball jackpot just got bigger, climbing to $800 million as sales soared in the days leading up to the drawing. Gary Grief, executive director of the Texas Lottery, says officials with the Multi-State Lottery Association on Friday raised the estimated jackpot for Saturday night’s drawing from $700 million because of strong sales. Grief […]

  • Money

    ‘Pick.Click.Give’ manager optimistic about future donations

    by Associated Press on Jan 08, 6:45

    The manager of a program that lets people donate money from their Alaska Permanent Fund dividends to nonprofits is optimistic they’ll continue giving in record numbers if the dividend’s size is reduced. Jason Grenn says each year more Alaskans have donated through “Pick.Click.Give,” with total donations also growing. In 2009, the program’s first year, he […]

  • Money

    US stocks slide, oil prices hit 12-year low as China woes lead to global selling

    by Associated Press on Jan 07, 10:17

    U.S. stocks are moving sharply lower as worries intensify about China’s economy and dropping oil prices. China’s main stock index plunged again Thursday as its currency weakened, triggering the second automatic halt in trading this week. China’s market regulator later said it would suspend the trading halts. The price of oil sank to its lowest […]

  • Money

    Powerball jackpot surges to $500M in hours before drawing

    by Associated Press on Jan 06, 10:57

    The Powerball jackpot has climbed to an estimated $500 million as more people across the country buy a chance at the biggest prize in nearly a year. Officials with the Multi-State Lottery Association raised the jackpot estimate from $450 million due to strong sales before Wednesday night’s drawing. The jackpot ranks as the sixth largest […]

  • Money

    Alaska’s credit rating downgraded by Standard & Poor’s

    by KTVA CBS 11 News on Jan 05, 10:47

    The credit rating agency Standard & Poor’s announced Tuesday that it has downgraded Alaska’s general obligation debt to AA+, down from a rating of AAA. In the announcement, the agency pointed to falling oil prices and concern over the state’s ability to respond quickly to it’s fiscal crisis as reasons for the downgrade. S&P also […]

  • Money

    Gun maker stocks leap forward in 2016

    by Associated Press on Jan 04, 8:20

    Gun maker stocks are surging in a slumping market, as new federal data indicates a sales jump after 2015 ended with more mass shootings and growing political pressure to tighten regulation. Recently released numbers from the National Instant Criminal Background Check System show that background checks jumped about 38 percent last month. Wedbush Securities analyst […]

  • Money

    Global stocks sink after China index dives 7 percent

    by Associated Press on Jan 04, 8:09

    U.S. stocks are falling sharply after a plunge in China and declines in Europe. Traders were rattled by more signs of weakness in China’s economy and escalating tensions between Saudi Arabia and Iran. The Dow Jones industrial average sank 428 points, or 2.5 percent, to 16,997 as of 11:45 a.m. Eastern time Monday. The Standard […]

  • Money

    Investing in Alaska: The Good, Bad & Ugly

    by Sierra Starks on Dec 30, 16:26

    Kevin Anselm says there’s a rush to give money away before the new year begins  – Christmas presents, charitable donations, expenses on leisure activities. After the new year is when people begin to think about themselves and where to put their money, says Anselm, who serves as the director of Division of Banking and Securities […]

  • Money

    Sarah Palin selling Arizona home for $2.5 million

    by Associated Press on Dec 30, 15:07

    Former Alaska Gov. Sarah Palin is selling a home that she bought four years ago in Arizona. Palin is asking $2.5 million for the six-bedroom, 7,900-square-foot home in Scottsdale. It sits on a 5-acre compound that includes a six-car garage, pool, full-length basketball court and putting green. Real estate agent Richard Barker said he’s selling […]