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MONEY / FINANCE

Money

Ugly sweater season boosts local thrift store sales

Money

Is a recession inevitable for Alaska?

Money

ACS sells wireless customer base to GCI for $300 million

Money

5 Cyber Monday tips for hacker-proof shopping

Money

Soldotna Dairy Queen hit by malware

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  • Money

    Ugly sweater season boosts local thrift store sales

    by Heather Hintze on Dec 11, 19:35

    The Salvation Army Thrift Store on Dimond Boulevard can barely keep up with the demand for sweaters: Ugly sweaters, that is. “When the store opens people just go in and start grabbing,” said Janell Skibicki. It’s that time of year when holiday parties are in full swing and ugly sweaters are a central theme. Dec. 12 […]

  • Money

    Is a recession inevitable for Alaska?

    by Alexis Fernandez on Dec 11, 6:57

    With low oil prices top of mind in Alaska, some economists are tossing around the word “recession.” Is it inevitable? Neil Fried, economist with Alaska’s Department of Labor and Workforce Development says — maybe. “It all depends on how long and low oil prices go, and I’m not about to try to answer that question,” […]

  • Money

    ACS sells wireless customer base to GCI for $300 million

    by KTVA CBS 11 News on Dec 04, 13:10

    GCI (General Communication, Inc.) announced in an online statement Thursday it has reached an agreement to purchase the current wireless subscriber base from ACS (Alaska Communications System Group, Inc.) for $300 million. “The two companies have agreed upon a service transition plan for Alaska Communication customers. This will ensure a seamless continuation of service as they are […]

  • Money

    5 Cyber Monday tips for hacker-proof shopping

    by Eliene Augenbraun / CBS News on Dec 01, 6:37

    Americans spent some $263 billion shopping online in 2013, with over $2 billion spent on Cyber Monday alone. This year is on track to be even bigger. But as you shop for the perfect holiday gift, hackers are shopping for you. This time of year is rife with email scams, deceptive advertising and criminals lurking to steal information from […]

  • Money

    Soldotna Dairy Queen hit by malware

    by KTVA CBS 11 News on Oct 09, 20:48

    An Alaska Dairy Queen restaurant was one of the hundreds of locations nationwide infected with the point-of-sale malware known as Backoff, according to a Thursday statement from International Dairy Queen, Inc. The malware intrusion impacted 395 of the fast food chain’s 4,500 U.S. locations, and infected the Soldotna restaurant between Aug. 5 and Aug. 31, […]

  • Money

    Will you be saving or spending your PFD this year?

    by Shannon Ballard on Oct 02, 22:34

    Thursday was quite possibly Alaska’s most beloved unofficial holiday: PFD Day. Thousands of Alaska residents experienced a $1,884 boost to their bank accounts. The 2014 Permanent Fund Dividend boasted one of the biggest returns in the history of the payout. Local retailers and big box stores across Anchorage are offering PFD specials. It begs the question: […]

  • Money

    Putting PFD funds to use in remote Alaska

    by Heather Hintze on Oct 02, 20:39

    The steady stream of shoppers at Hanson’s Safeway in Nome on Thursday included many regulars just there for their weekly groceries. Others, like Polly Tocktoo, came to the hub city to put their PFD dollars to good use. “It’s pretty rare for us to come into Nome to shop because airlines are so expensive,” Tocktoo […]

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    Ford issues recall for 850,000 vehicles

    by CBS/AP on Sep 26, 17:54

    Last Updated Sep 26, 2014 1:48 PM EDT The Ford Motor Company (F) is recalling approximately 850,000 vehicles due to a potential issue with the restraints control module. The company said in a press release Friday the recall affects some 2013-14 Ford C-Max, Ford Fusion, Ford Escape and Lincoln MKZ models. Ford said the module can experience […]

  • Money

    Why gas prices could drop below $3 a gallon

    by Bruce Kennedy/CBS News on Sep 25, 17:57

    Don’t look now, but there’s good possibility the average price for a gallon of gasoline in the U.S. might drop below the $3 threshold in the near future. AAA reports the average national price for a gallon of regular unleaded gas fell for 16 straight days earlier this month, with the average price as of Monday […]

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    Palmer farm growing a new generation of farmers

    by Lauren Maxwell on Sep 19, 19:47

    At Spring Creek Farm in Palmer they’re growing more than just beautiful vegetables. The farm – owned by Alaska Pacific University – is trying to grow a new generation of farmers. Getting more people interested in understanding how to grow their own food is particularly important for Alaskans, according to Farm Educator Joshua Faller. “I […]

  • Money

    ‘Accepting PFDs now!’ deals and your credit

    by on Sep 19, 8:09

    In a less than a month, qualifying Alaskans will have an extra $1,884 to spend and local businesses are working to cash in on that windfall now. In lieu of this, finance experts are cautioning consumers against instant gratification that could result in long-term credit problems. While the 2014 Permanent Fund Dividend amount was just […]

  • Money

    Division of Insurance approves health plan rate hikes

    by Associated Press on Sep 08, 12:52

    The state Division of Insurance has approved rate increases of up to 39 percent for individuals who bought health insurance plans on the federally run online marketplace. For individuals receiving federal subsidies to help pay their premiums, any increases are expected to be largely offset, according to division director Lori Wing-Heier. She says about 10,000 […]

  • Money

    In Anchorage, July employment numbers lowest in years

    by Sierra Starks on Aug 26, 15:33

    Anchorage’s unemployment rate has fallen to 5.1 percent, according to the latest report released by the Anchorage Economic Development Corporation Tuesday. With unemployment down half a percent from June’s revised rate, Anchorage remains well below the national rate of 6.5 percent and the statewide rate of 6.1 percent. “Anchorage unemployment last month was at the lowest […]

  • Money

    Federal data outlines spending in Alaska, Hawaii

    by Associated Press on Aug 07, 15:01

    Remember the tag lines at the end of restaurant commercials that say the food advertised might be higher in Alaska or Hawaii? New government data proves it is. The U.S. Bureau of Economic Analysis on Thursday released data showing spending by the average in each of the 50 states from 1997 to 2012, including how […]

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    Low-wage workers could be hit hardest by national sales tax

    by Kate McPherson on Aug 01, 7:09

    Paying more for what we consume is a tough sell, but 75 House Republicans and nine Republican senators are backing a bill that would implement a national sales tax. If signed into law, the Fair Tax Act 2013 sets the sales tax rate at 23 percent in 2015 and repeals the income and employment tax. It […]

  • Money

    Should you buy a protection plan for your electronics?

    by Ray Martin / CBS News on Jul 17, 12:44

    Most of us have either lost or damaged a phone, or know someone who has. This can be more disruptive than ever given that we use our smartphones and tablets for email, social networking, banking, shopping and even to control home security systems and appliances. With so much of our lives connected through these electronic gadgets, […]

  • Money

    Remington to replace triggers on some rifles

    by Associated Press on Jul 10, 14:43

    The gun manufacturer Remington Arms Co. will replace trigger mechanisms on Model 700 bolt-action hunting rifles, or provide economic relief for purchasers, as part of a settlement of class-action lawsuits. Remington announced the agreement Thursday. Suits filed in Missouri and Washington state claimed the rifle has a defective trigger mechanism that can cause injury and […]

  • Money

    Could we benefit from a four-day workweek?

    by Kim Peterson / MoneyWatch on Jul 10, 10:44

    Why don’t more bosses implement a four-day workweek? Doctors, executives and human resource experts say it would be great for the American workforce. People would have more time to see the dentist, hang out with their children and get errands done. Workers would be happier, and morale would improve. Instead, much of America is still […]

  • Money

    Sunshine helps Anchorage farmers’ markets flourish

    by Shannon Ballard on Jul 06, 10:28

    The sun was shining bright Saturday in Anchorage, making it a perfect day to get outside and attend the local farmers’ markets. Farming has always been in Kyla Dinkel’s roots. And the farmers’ market is where she has always spent her summers. “We do nine markets a week as a family,” Dinkel said. “I have […]

  • Money

    Don’t use your 401(k) as a piggy bank

    by Ray Martin / CBS News on Jun 30, 22:14

    During the housing boom earlier this century, when folks were strapped for cash they often borrowed against their homes. But since the financial crisis of 2008, it’s a lot harder to tap into the value of your home. Now many people are turning to another source of quick cash — their own 401(k) fund. According […]