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MONEY / FINANCE

Money

New fiduciary rules could improve retirement savings

Money

Treasury official says Harriet Tubman will go on $20 bill

Money

Alaska Airlines ticket scam makes rounds on Facebook

Money

Fewer Alaskans sign up online for this year's PFD

Money

ML&P, Chugach Electric push forward with gas field purchase

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  • Money

    New fiduciary rules could improve retirement savings

    by Steve Vernon / CBS MoneyWatch on Apr 25, 8:49

    Your retirement savings and lifetime income could increase by thousands of dollars, thanks to the new fiduciary rules released on April 6 by the U.S. Department of Labor. They require a financial adviser to place your interests first when making recommendations for investing your 401(k) accounts or IRA. The rules aim to reduce situations in which advisers […]

  • Money

    Treasury official says Harriet Tubman will go on $20 bill

    by Associated Press on Apr 20, 11:34

    WASHINGTON (AP) — A Treasury official says Secretary Jacob Lew has decided to put Harriet Tubman on the $20 bill, making her the first woman on U.S. paper currency in 100 years. The official, who spoke on condition of anonymity in advance of Lew’s official announcement, says that the 19th century abolitionist and leader of […]

  • Money

    Alaska Airlines ticket scam makes rounds on Facebook

    by Jason Sear on Apr 18, 9:24

    Sorry, Facebook users. It turns out that post from your friend promising two free Alaska Airlines tickets was too good to be true. Last week, a realistic looking coupon began appearing on Facebook promising free tickets in celebration of the company’s merger with Virgin Airlines. The coupon, which had an Alaska Airlines plane, two passports and […]

  • Money

    Fewer Alaskans sign up online for this year’s PFD

    by Associated Press on Apr 01, 12:32

    Fewer people signed up online for this year’s Alaska Permanent Fund dividend and fewer residents have chosen to donate a portion of their payout to charities around the state. For this year’s dividend from Alaska’s oil savings account, 662,046 Alaskans signed up online or by mail by Thursday’s deadline, with online applications down by more […]

  • Money

    ML&P, Chugach Electric push forward with gas field purchase

    by Shannon Ballard on Mar 18, 23:08

    Two Anchorage Electric Companies are working on a deal they say will save their customers millions, but some of their biggest clients don’t see it that way. Chugach Electric association and Municipal Light and Power have teamed up to buy ConocoPhillips’ share of the Beluga River Gas Field, which is located on the west side […]

  • Money

    Appeals court ruling could mean more money for Alaska tip workers

    by KTVA CBS 11 News on Mar 08, 17:35

    A recent ruling from the Ninth U.S. Circuit Court of Appeals could mean more money in the pockets of Alaska servers. The ruling overturned a lower court’s decision that sided with two Lower 48 employers who pooled the tips of their employees. Under the Fair Labor Standards Act of 1938, the employers were allowed to […]

  • Money

    Alaska Airlines applies to begin daily flights to Cuba

    by Associated Press on Mar 02, 14:29

    Alaska Airlines has filed an application seeking approval to begin flights from Los Angeles to Cuba. In its application to the U.S. Department of Transportation, Alaska is requesting to operate two daily nonstop flights to Havana using a Boeing 737, which carries 181 passengers. Alaska Airlines Vice President John Kirby said in a news release […]

  • Money

    US stocks fall for fourth straight day

    by Associated Press on Feb 11, 16:10

    U.S. stocks fell for the fourth day in a row as concerns about global economic weakness intensified, even as Federal Reserve Chair Janet Yellen reiterated her confidence in the U.S. economy. Financial stocks fell hardest Thursday as investors worried that interest rates in the U.S. and elsewhere would remain low and sap bank profits. Oil […]

  • Money

    GM recalling 473,000 trucks and SUVs for brake pedal problem

    by Associated Press on Feb 11, 15:22

    General Motors is recalling more than 473,000 trucks and SUVs in the U.S. and Canada because the brake pedals can come loose and fail to work properly. The recall covers certain 2015 and 2016 Chevrolet Silverado HD, GMC Sierra HD and Chevrolet Tahoe police vehicles. GM says a nut on the brake pedal pivot mechanism […]

  • 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: […]